Corporate Action23 Sept 2026, 05:41 pm
Pitti Engineering: Scheme of Amalgamation Becomes Effective
AI Summary
Pitti Engineering Limited (PEL) announced that the Scheme of Amalgamation involving Pitti Industries Private Limited (PIPL) and Dakshin Foundry Private Limited (DFPL) has become effective from September 23, 2026. This follows the approval from the National Company Law Tribunal and the filing of Form No. INC-28 with the Registrar of Companies. The appointed date for the amalgamation is April 1, 2026. As part of the scheme, PEL's authorized share capital has been amended to INR 196.89 crore, divided into 39.37 crore equity shares of INR 5 each.
Key Highlights
- Scheme of Amalgamation of PIPL and DFPL with PEL is effective from Sept 23, 2026.
- Appointed date for the amalgamation is April 1, 2026.
- PEL's authorized share capital increased to INR 196.89 crore.
- Amended share capital comprises 39.37 crore equity shares of INR 5 each.
Price Impact
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