Pitti Engineering Ltd (PITTIENG) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Pitti Engineering Ltd on NSE and BSE, with an AI summary of each filing.
Transcript of the Audio Conference call for investors on 23rd October 2026
Audio / Video · 27 Oct 2026, 7:27 pm
Pitti Engineering Q2 FY27 Earnings Call Summary Pitti Engineering reported Q2 FY27 total income of INR581 crores, up 16.3% YoY, with adjusted EBITDA rising 13% YoY to INR91 crores (margin at 15.8%). Adjusted PAT stood at INR36 crores. Lamination volumes reached 21,600 tons (up 26% YoY). The company announced a new INR450 crore capex through FY31 to expand sheet metal capacity to 160,000 MT and machining to 1.31 million hours, targeting INR3,800 crore revenue potential with ~17% EBITDA margins. Management maintained its FY27 lamination volume guidance of ~82,000 tons.
Audio recording of conference call on un-audited financial results for the quarter and half year ended 30th September 2026
Audio / Video · 23 Oct 2026, 11:40 pm
Pitti Engineering Releases Audio Recording for Q2 & H1 FY27 Earnings Call Pitti Engineering Limited has made available the audio recording of its earnings conference call held on 23rd Oct'26, discussing the unaudited financial results for the quarter and half-year ended 30th Sep'26. The recording has been uploaded to the company's official website in compliance with SEBI LODR regulations. The management noted that the written transcript of the earnings call will be submitted to the stock exchanges and published on the company's website in due course.
Press release on financial results Q2 & H1FY27
Press Release · 23 Oct 2026, 1:54 am
Pitti Engineering Reports Q2FY27 Results and Announces Rs. 450 Crore Expansion Pitti Engineering reported a 16.3% YoY rise in Q2FY27 total income to Rs. 580.5 Cr, with adjusted EBITDA climbing 13.6% YoY to Rs. 91.3 Cr at a 15.8% margin, while adjusted PAT fell 15.1% YoY to Rs. 36.3 Cr. Total lamination and assemblies sales volume increased 25.6% YoY to 21,671 MT. Additionally, the company announced a Rs. 450 Cr capex plan for a new greenfield facility in Bengaluru to expand laminations capacity to 1,60,000 MT and machining capacity to 13,14,000 hours by FY31.
Investor Presentation
Investor Presentation · 23 Oct 2026, 1:50 am
Pitti Engineering Reports Robust Topline Growth and Outlines ₹740 Crore Expansion Plan Pitti Engineering delivered strong revenue growth for Q2FY27, with operational revenue rising 21.1% YoY to ₹578.4 crore and total income increasing 16.3% YoY to ₹580.5 crore. Adjusted EBITDA rose 13.6% YoY to ₹91.3 crore, though adjusted PAT declined 15.1% YoY to ₹36.3 crore due to higher depreciation and lower other income. Total lamination and assemblies sales volume grew 25.6% YoY to 21,671 MT. Backed by solid marquee order visibility, the company announced a phased ~₹740 crore capex through FY31 to scale sheet metal, castings, and machining capacities.
Change in designation and appointment to Senior Management Personnel
Change in Management · 23 Oct 2026, 12:58 am
Pitti Engineering Approves Key Senior Management Re-designations and Leadership Promotions Pitti Engineering Limited announced senior management changes effective 22nd Oct'26. The Board approved the re-designation of Sandip Agarwala as Deputy Chief Executive Officer, transitioning from COO – Motor & Generator Components Business. Chaitra Sundaresh, previously Deputy COO, succeeds Agarwala as COO – Motor & Generator Components Business. Additionally, Avinash Arun Patil, formerly President – Maharashtra Operations, has been promoted to Deputy Chief Operating Officer and inducted into the Senior Management Personnel team to support operational scaling and strategic execution across businesses.
Second grant of ESOP
Others (Uncategorized) · 23 Oct 2026, 12:51 am
Pitti Engineering Approves Second Grant of 5,77,500 ESOPs at Discounted Exercise Price Pitti Engineering Limited's Board noted the second grant of 5,77,500 employee stock options on 22nd Oct'26 under the Pitti ESOP Scheme 2024, drawn from a shareholder-approved pool of 13,00,000 options. The exercise price is set at ₹736.72 per share, representing a 23.03% discount to the previous day's closing price of ₹957.20 on the NSE. The grant comprises 75% time-based and 25% performance-based options vesting across an eight-year period. Additionally, 80,000 options from the first grant were cancelled due to employee exits.
Approval of Capex and capacity expansion
Others (Uncategorized) · 23 Oct 2026, 12:33 am
Pitti Engineering Approves ₹450 Crore Capex for Capacity Expansion and Consolidation Pitti Engineering's Board approved a ₹450 crore capex on 22nd Oct'26, funded via internal accruals and debt, to be implemented in phases up to FY31. The project expands sheet metal capacity from 1,08,000 MT to 1,60,000 MT per annum and machine hours from 8,13,600 to 13,14,000 per annum (current utilisation stands at ~78% and ~85%, respectively). The initiative will consolidate fragmented Karnataka operations into a single integrated facility, catering to robust demand across power generation, data centres, railways, and off-highway sectors while driving operational efficiencies.
Outcome of Board Meeting
Outcome · 23 Oct 2026, 12:21 am
Pitti Engineering Approves ₹450 Crore Capex and Declares Interim Dividend Pitti Engineering approved a ₹450 crore capex, funded via internal accruals and debt, to consolidate and expand sheet metal capacity to 1,60,000 MT and machining capacity to 13,14,000 hours in phases by FY'31. The board declared an interim dividend of ₹2 (40%) per share with a record date of 2nd Nov'26, payable by 21st Nov'26. Additionally, 5,77,500 ESOPs were granted at ₹736.72 per share, and key leadership changes were approved, including designating Sandip Agarwala as Deputy CEO and Chaitra Sundaresh as COO.
Declaration of interim dividend and fixation of record date
Dividend · 23 Oct 2026, 12:10 am
Pitti Engineering Declares Interim Dividend of ₹2 Per Share for FY27 Pitti Engineering Limited's Board of Directors has declared an interim dividend of ₹2 per equity share (40% on a face value of ₹5 each) for FY27. The Board has established 2nd Nov'26 as the record date to determine eligible shareholders. The interim dividend payout will be completed on or before 21st Nov'26.
Pitti Engineering Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Outcome · 23 Oct 2026, 12:02 am
Financial results for the quarter and half year ended September 30, 2026
Financial Result · 22 Oct 2026, 11:57 pm
Pitti Engineering Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) ■ Revenue: 57,844 (+21.1% YoY | +9.3% QoQ) ■ EBITDA: 8,888 (+14.4% YoY | +2.9% QoQ) ■ EBITDA Margin (%): 15.4 (-89 bps YoY | -96 bps QoQ) ■ PAT: 3,389 (-15.5% YoY | +14.9% QoQ) ■ EPS (INR): 9.18 (-14.8% YoY | +14.9% QoQ)
Intimation of schedule of Audio Conference Call for Investors on 23rd October 2026
Intimation · 23 Oct 2026, 2:00 pm
Pitti Engineering Schedules Q2 and H1FY27 Earnings Conference Call Pitti Engineering Limited will host an audio earnings conference call for investors on 23rd Oct'26 at 2:00 PM IST. The call will discuss the company's un-audited financial and operational performance for Q2 and H1FY27 ended 30th Sep'26. Managing Director and Chief Executive Officer Akshay S. Pitti will represent the management team to address investors and analysts.
Announcement under Regulation 30 of SEBI (LODR)
Others (Uncategorized) · 14 Oct 2026, 7:28 pm
Pitti Engineering Concludes Maharashtra GST Search with Minor Tax Settlement Pitti Engineering announced the conclusion of Maharashtra GST search proceedings on 13th Oct'26 at its manufacturing unit. Following the probe covering FY23 to FY27, the company agreed to discharge a total GST liability of ₹63.38 lakh alongside interest of ₹14.54 lakh across RCM, wrongly availed TDS credit, and ITC reversals. The proposed tax discharged will be available as Input Tax Credit subject to eligibility. The company confirmed no material impact on its financials or operational activities from the proceedings.
PITTI ENGINEERING LIMITED has informed the Exchange about Board Meeting to be held on 22-Oct-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend.
Intimation · 22 Oct 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026 and dividend
Financial Result · 08 Oct 2026, 11:16 pm
Pitti Engineering Board to Consider Q2 FY27 Results and Interim Dividend Pitti Engineering Limited has scheduled a Board of Directors meeting for 22nd Oct'26 to consider and approve the un-audited financial results for the quarter and half-year ended 30th Sep'26. The board will also evaluate the declaration of an interim dividend for FY27. Additionally, the trading window for dealing in company securities, closed since 30th Sep'26, will reopen 48 hours post the announcement of the quarterly results.
Pitti Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve the un-audited financial ....
Intimation · 22 Oct 2026, 5:30 am
Pitti Engineering to Consider Q2 Results and Interim Dividend on 22nd Oct'26 Pitti Engineering Limited will hold its Board of Directors meeting on 22nd Oct'26 to consider and approve the unaudited financial results for the quarter and half-year ended 30th Sep'26. The board will also evaluate the declaration of an interim dividend for FY27. Consequently, the trading window for dealing in company securities, which closed on 30th Sep'26, will reopen 48 hours after the financial results are disclosed to the stock exchanges.
Announcement under Regulation 30 of SEBI (LODR)
Others (Uncategorized) · 08 Oct 2026, 9:41 pm
Pitti Engineering Reports State GST Search at Maharashtra Manufacturing Unit Maharashtra State GST officials initiated an inspection and search proceeding under Section 67 of the Maharashtra GST Act, 2017, at Pitti Engineering Limited's manufacturing unit in Maharashtra on 8th Oct'26. The company stated that no specific violations or contraventions have been communicated by the authorities so far. The proceeding remains underway with full cooperation from management. Pitti Engineering confirmed that the action currently has no material impact on its financials, business operations, or other activities.
Announcement under Regulation 30 of SEBI (LODR) - Pending litigations/disputes
Others (Uncategorized) · 24 Sept 2026, 12:11 am
Pitti Engineering Assumes Tax Litigations Following Dakshin Foundry Amalgamation Following the amalgamation of Dakshin Foundry Private Limited (DFPL) effective 23rd Sep'26, Pitti Engineering Limited has absorbed all DFPL assets, liabilities, and pending litigations. The company disclosed three GST-related appeals pending before the First Appellate Authority, Bengaluru, for FY'18-19 to FY'22-23, involving a cumulative tax demand of ₹4.91 crore plus applicable interest and equivalent penalties. The disputed amount is classified as a contingent liability, with management expecting a favorable outcome and no material impact on financial position or operations.
Date of effectiveness of Scheme
Others (Uncategorized) · 23 Sept 2026, 11:03 pm
Pitti Engineering Announces Effectiveness of Scheme of Amalgamation Pitti Engineering Limited announced that its Scheme of Amalgamation with Pitti Industries Private Limited and Dakshin Foundry Private Limited became effective on 23rd Sep'26, following the filing of Form INC-28 with the Registrar of Companies, Hyderabad. The scheme carries an appointed date of 1st Apr'26. Consequently, the company's authorized share capital stands revised to INR 196.89 Cr, divided into 39,37,85,000 equity shares of face value INR 5 each, following an amendment to its Memorandum of Association.
Scrutinizers report and voting results of the 42nd AGM held on 18th September 2026
Annual General Meeting · 19 Sept 2026, 2:27 am
Proceedings of the 42nd AGM held on 18th September 2026
Annual General Meeting · 19 Sept 2026, 2:12 am
Scheme of Amalgamation approved by the Hon''ble NCLT
Others (Uncategorized) · 09 Sept 2026, 12:37 am
NCLT Approves Pitti Engineering’s Scheme of Amalgamation with Wholly Owned Subsidiaries The NCLT Hyderabad Bench sanctioned the Scheme of Amalgamation of wholly owned subsidiaries Pitti Industries Private Limited and Dakshin Foundry Private Limited with Pitti Engineering Limited on 8th Sep'26, with an appointed date of 1st Apr'26. Because both amalgamating entities are wholly owned subsidiaries, no new shares will be issued, and existing inter-company shares will be cancelled. Post-merger, Pitti Engineering's authorized share capital expands to ₹196.89 cr across 39.38 cr equity shares of ₹5 each. The scheme becomes operative upon filing Form INC-28 with the RoC.
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Resignation of Director
Change in Management · 26 Aug 2026, 11:36 pm
Pitti Engineering: Independent Director Vinod Kumar Nagururu Resigns Pitti Engineering announced the resignation of Vinod Kumar Nagururu, a Non-Executive Independent Director, effective 26th Aug'26. The reason cited for his departure is health issues, and the company has confirmed there are no other material reasons for the resignation. The filing also stated that Nagururu does not hold any directorships in other listed entities. The board acknowledged his contributions during his tenure.
Annual report weblink letters to Members
Annual Report · 24 Aug 2026, 11:53 pm
Business Responsibility and Sustainability Report for the financial year 2025-26
Others (Uncategorized) · 24 Aug 2026, 7:35 pm
Pitti Engineering FY26 BRSR Highlights Key Operational and ESG Metrics Pitti Engineering's FY26 sustainability report reveals key operational metrics. Exports contributed 31.89% to total turnover. Capex for environmental/social impact was 3.26% of total capex. Total energy consumption stood at 1,79,829 GJ, a decrease from 2,04,544 GJ in FY25, while water consumption increased to 43,513 kL from 36,766 kL. The company reported zero workplace fatalities and LTIFR for FY26. Total Scope 1 & 2 GHG emissions were 28,457 tCO2e. All employees and workers received wages above the minimum wage. No consumer complaints were filed during the year.