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Pritika Auto Industries Ltd Restructures Memorandum of Association

Story Highlights
  • Pritika Auto Industries Ltd amended its Memorandum of Association at the 45th AGM.
  • Changes include deletion of object clauses, revised liability, and updated capital clause.
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Pritika Auto Industries Ltd Restructures Memorandum of Association

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An announcement from Pritika Auto Industries Ltd ( (IN:PRITIKAUTO) ) is now available.

Pritika Auto Industries Ltd announced amendments to its Memorandum of Association, approved during its 45th Annual General Meeting. The changes involve the deletion of certain object clauses, a revision of the liability clause to limit member liability to unpaid shares, and an update to the capital clause, setting the company’s share capital at Rs. 40 crore, divided into 20 crore equity shares of Rs. 2 each. These amendments reflect a strategic restructuring of the company’s foundational documents, potentially impacting its operational and financial framework.

More about Pritika Auto Industries Ltd

Pritika Auto Industries Ltd operates in the automotive industry, focusing on the production of auto components. The company is known for manufacturing a range of automotive parts and has a market focus on supplying to major automobile manufacturers.

Average Trading Volume: 43,813

Technical Sentiment Signal: Sell

Current Market Cap: 2.91B INR

Find detailed analytics on PRITIKAUTO stock on TipRanks’ Stock Analysis page.

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