Pitti Engineering Inherits ₹6.82 Cr Tax Dispute Post-Amalgamation

Pitti Engineering Ltd has announced that following the amalgamation of Dakshin Foundry Private Limited (DFPL) effective September 23, 2026, all of DFPL's assets, liabilities, and pending litigations have been transferred to Pitti Engineering. This includes three tax disputes related to Input Tax Credit (ITC) availed, ITC reversal, short payment of GST, and alleged RCM short-payment. The total demand across these disputes amounts to ₹6.82 crore, along with applicable interest and penalties. Pitti Engineering believes the demands are not sustainable and expects a favorable outcome, with no material impact anticipated on its financial position or operations. These demands are disclosed as contingent liabilities in the company's consolidated financial statements, and the appeals are currently pending adjudication.