Pitti Engineering Ltd (PITTIENG) — Corporate Action | 23 September 2026

23 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Scheme of arrangement effective September 23, 2026

🔄 What Changed

Authorized share capital increased to INR 196.89 crores

💡 Investor Takeaway

Shareholders gain unified entity with expanded capital capacity and governance stability.

Pitti Engineering announced the effective date of its scheme of arrangement on September 23, 2026, following NCLT approval. The authorized share capital was increased to INR 196.89 crores, comprising 39.38 million equity shares of INR 5 each, effective April 1, 2026. This restructuring consolidates Pilli Industries and Dakshin Foundry into PEL, enhancing operational scale and shareholder value through unified governance and capital structure.

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About Pitti Engineering Ltd (PITTIENG)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on BSE

Market Cap: ₹4,264.27 CrP/E: 33.7ROE: 12.6%ROCE: 14.1%Div Yield: 0.22%

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📊 More PITTIENG filings

Announcement — 24 September 2026Pitti Engineering Ltd announced that its trading window will close on 30 September 2026 and remain s...
🟡 Voting Results — 18 September 2026
🟡 Board Meeting — 18 September 2026Pitti Engineering held its 42nd AGM on 18 September 2026 via video conference, with shareholders vot...
🔴 Corporate Action — 8 September 2026Pitti Engineering announced that the National Company Law Tribunal approved its scheme of amalgamati...
🟡 Board Meeting — 26 August 2026Pitti Engineering announced the resignation of Non-Executive Independent Director Vinod Kumar Naguru...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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