Pitti Engineering Limited's Board of Directors met on February 5th, 2026, to approve the un-audited financial results for the quarter and nine months ended December 31st, 2025, for both standalone and consolidated operations. The board also approved the appointment of Shri Gummalla Vijaya Kumar as an Additional Director (Non-Executive, Non-Independent), effective February 5th, 2026, subject to shareholder approval via postal ballot. Shri Gummalla Vijaya Kumar, a seasoned legal professional with over four decades of experience, has been associated with Pitti Engineering Limited as a Director since 2006 and previously served as an Independent Director from August 2014 to August 2024. Furthermore, the board approved a Scheme of Amalgamation involving the merger of its wholly-owned subsidiaries, Pitti Industries Private Limited (PIPL) and Dakshin Foundry Private Limited (DFPL), with Pitti Engineering Limited (PEL). This amalgamation, to be effected under Sections 230 to 232 of the Companies Act, 2013, is subject to necessary statutory and regulatory approvals, including that of the National Company Law Tribunal, Hyderabad Bench. The rationale behind the amalgamation includes simplifying management and corporate structures, increasing efficiencies, generating synergies, and enabling more effective and economical operations by integrating similar businesses. PIPL had a turnover of ₹240.84 crore and net worth of ₹38.63 crore as of March 31st, 2025, while DFPL had a turnover of ₹67.80 crore and net worth of ₹71.06 crore. PEL reported a standalone turnover of ₹1,511.87 crore and net worth of ₹762.69 crore for the same period. The amalgamation will not involve any cash consideration, and there will be no change in PEL's shareholding pattern as the shares of the subsidiaries will be cancelled.
