
Board Meeting14 May 2026, 07:22 pm
Pitti Engineering: Final Dividend ₹2.50 & ₹290 Cr Capex Approved
AI Summary
Pitti Engineering Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹2.50 per equity share (50%) subject to member approval. The board also approved a capital expenditure of ₹290 crores for setting up a greenfield casting and machined components facility, expected to be completed in three years and funded through internal accruals and lease finance. The new facility will increase the company's total installed casting capacity to 36,000 MT per annum.
Key Highlights
- Approved audited financial results for the year ended March 31, 2026.
- Recommended a final dividend of ₹2.50 per share (50%).
- Approved ₹290 crores capex for a new greenfield casting facility.
- New facility to increase casting capacity to 36,000 MT per annum.
- Project to be completed in 3 years, funded via internal accruals and lease finance.
Price Impact
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