Pritika Engineering Components has approved the allotment of 50 lakh equity shares to promoter Pritika Auto Industries against conversion of ₹32 crore in unsecured loans. It also allotted 12 lakh shares to non-promoter public investors for ₹7.68 crore in cash.
BKK Bureau, New Delhi | 17 October 2026 | 7:56 PM IST
Pritika Engineering Components Limited has approved the allotment of 62 lakh equity shares through a preferential issue, comprising shares issued to its promoter against conversion of unsecured loans and shares allotted to non-promoter public investors for cash.
According to the company’s disclosure to the National Stock Exchange of India on October 17, 2026, the board approved the allotment of 50 lakh equity shares to Pritika Auto Industries Limited, identified as a promoter, at an issue price of ₹64 per share. The shares have a face value of ₹5 each, including a premium of ₹59 per share.
The promoter allotment represents an aggregate issue value of ₹32 crore. The shares were allotted against conversion of outstanding unsecured loans to the extent of ₹32 crore. The exchange filing identifies Pritika Auto Industries Limited as the sole allottee for this portion of the preferential issue.
Separately, the company allotted 12 lakh equity shares to the non-promoter public category at the same issue price of ₹64 per share, including a premium of ₹59 per share. This portion of the issue aggregates to ₹7.68 crore and was made against cash.
Combined, the two allotments represent 62 lakh equity shares and an aggregate value of ₹39.68 crore. The company’s disclosure states that the post-allotment paid-up capital details include both the 50 lakh shares issued against loan conversion and the 12 lakh shares issued to the public category against cash.
The board’s action followed members’ approval obtained at the company’s annual general meeting held on September 17, 2026, through special resolutions. The company also referred to in-principle approval received from the NSE through a letter dated October 5, 2026.
The allotments were made on a preferential basis under Chapter V of the Securities and Exchange Board of India’s Issue of Capital and Disclosure Requirements Regulations, 2018, along with subsequent amendments. The company made the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The filing also states that additional details required under the listing regulations and the applicable SEBI master circular were enclosed with the disclosure. The information provided in the exchange filing covers the issue price, face value, premium, allottee categories and the form of consideration for both parts of the allotment.
Why it matters
- The transaction combines a ₹32-crore conversion of unsecured loans into equity with a ₹7.68-crore cash allotment.
- It changes the company’s issued equity securities through a preferential issue approved by shareholders and cleared in principle by the NSE.
- The filing provides investors and other stakeholders with the allotment structure, pricing and consideration details of the capital-raising exercise.
Why it matters
The allotment converts ₹32 crore of unsecured loans into equity and raises ₹7.68 crore in cash from the public category, providing a clear update on Pritika Engineering Components’ approved capital-raising activity.
Source: National Stock Exchange of India
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