Pitti Engineering Share Price Today

Pitti Engineering merger effective; DFPL tax litigations vest

Merger with PIPL and DFPL effective September 23, 2026. Authorized share capital increased to ₹196.89 crore. DFPL's pending tax litigations totaling ₹4.91 crore demand vested in Pitti Engineering. Company expects favourable outcome and no material impact on operations.

Pitti Engineering AGM concludes with unanimous vote on FY26 results and dividend

Pitti Engineering shareholders unanimously approved FY26 financials and final dividend at 42nd AGM. All five resolutions passed with promoter group casting 100% of votes in favour. Public institutional participation stood at 71.56%, while non-institutional participation was 0.58%. Resolution on maintaining registers elsewhere passed with 99.9996% support after 100 dissenting votes.

NCLT approves merger of Pitti Industries and Dakshin Foundry with Pitti Engineering

The National Company Law Tribunal approved the merger of Pitti Industries and Dakshin Foundry with Pitti Engineering. The merger consolidates three entities into a single corporate structure under Pitti Engineering. NCLT approval is a mandatory regulatory requirement for mergers under Indian corporate law.

Pitti Engineering accepts resignation of independent director

Vinod Kumar Nagururu resigns as Non-Executive Independent Director. Resignation effective August 26, 2026, due to health reasons. Disclosure made under Regulation 30 of SEBI LODR Regulations 2015. No other material reasons for departure cited by the director.

Pitti Engineering schedules 42nd AGM for September 18 to approve dividend

Pitti Engineering holds 42nd AGM on September 18, 2026. Final dividend of ₹2.50 per share seeks shareholder approval. Record date for eligibility is set as September 11, 2026. Remote e-voting opens on September 15 and closes on September 17.

Pitti Engineering FY26 consolidated revenue up 12% to ₹1,952.91 crore

Pitti Engineering reported consolidated revenue of ₹1,952.91 crore in FY26, up 12.02% YoY, with adjusted EBITDA rising 19.90% to ₹325.79 crore and adjusted EBITDA margin expanding to 17.03% from 15.94%. Lamination and assembly volumes grew 10.3% to 69,517 tonnes; high value-added assemblies grew 21.8% and shaft and stator-frame integrated assemblies grew 31.9%. The company announced a ₹290 crore capex project to nearly double casting capacity to 36,000 MT and increase machining capacity by 50% to 10,80,000 hours by Q1 2029-30. Board recommended a final dividend of ₹2.50 per equity share for FY26; 42nd AGM scheduled for September 18, 2026 via video conferencing. Scheme of Amalgamation of wholly owned subsidiaries Pitti Industries and Dakshin Foundry with the company is pending NCLT sanction, with appointed date of April 1, 2026.