Pitti Engineering Limited announced the outcome of its Board Meeting held on February 5, 2026. The board approved the un-audited financial results for the quarter and nine months ended December 31, 2025, for both standalone and consolidated operations. Additionally, the company approved the appointment of Shri Gummalla Vijaya Kumar as an Additional Director (Non-Executive, Non-Independent), effective February 5, 2026, subject to shareholder approval via postal ballot. Shri Kumar brings over four decades of experience in practicing law. The board also approved a Scheme of Amalgamation where Pitti Industries Private Limited and Dakshin Foundry Private Limited, both wholly-owned subsidiaries, will merge with Pitti Engineering Limited. This amalgamation aims to simplify management and operational structures, increase efficiencies, and generate synergies, subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal. The meeting commenced at 4:30 PM and concluded at 5:30 PM.
