Pitti Engineering LimitedPITTIENGNSE
Pitti Engineering amalgamation with Pitti Industries and Dakshin Foundry becomes effective
As filed · Pitti Engineering Limited has informed the Exchange about Date of effectiveness of the Scheme
M&AMixedNotablemateriality 65 out of 100
What happened
FactThe amalgamation of Pitti Industries Private Limited and Dakshin Foundry Private Limited into Pitti Engineering Limited became effective on 23rd September 2026 after the companies filed Form INC-28 with the Registrar of Companies, Hyderabad. The Scheme’s appointed date is 1st April 2026, and Pitti Engineering’s authorised share capital has been amended to INR 196,89,25,000, comprising 39,37,85,000 equity shares of INR 5 each.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- The legal completion consolidates Pitti Industries Private Limited and Dakshin Foundry Private Limited into Pitti Engineering, with the Scheme taking effect from its stated appointed date. The enlarged authorised capital provides the capital structure specified under the Scheme.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%