Pitti Engineering logo

Pitti Engineering CEO, MD, chairman, board of directors and AGM

NSE: PITTIENGBSE: 513519Industrial ManufacturingSmall Cap

Formerly Pitti Laminations
Last close ₹901.00down ₹48.20 (5.08%)BSE ₹901.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹949.20.

52-week range of traded prices to 23 Oct 2026
₹675.00Low, 21 Jan 2026₹1,228.00High, 7 Sep 2026
Market cap
₹3,393 Cr942nd largest listed
P/E
27.3
P/B
3.4
Dividend yield
0.28%
ROE
13.2%
ROCE
13.0%
Debt to equity
0.71
Volume, NSE
2,10,40846.6% delivered

Pitti Engineering board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSharad Badrivishal PittiRelated to the promoter
  • Managing director and CEOAkshay Sharad Pitti
  • Company Secretary and Compliance OfficerMary Monica Braganza

6 directors3 independent2 executive1 non-executive

  • Sharad Badrivishal Pitti · ChairpersonExecutive · joined Sep 1983 · reappointed May 2022 · 1 listed board
  • Akshay Sharad Pitti · Managing director and CEOExecutive · joined Oct 2004 · reappointed May 2024 · 1 listed board
  • Yogender Bahadur SahgalIndependent · joined Nov 2023 · reappointed Nov 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Kemisha SoniIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 5 as chair
  • Priti Paras SavlaIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 4 as chair
  • Vijaya Kumar GummallaNon-executive · joined Feb 2026 · reappointed Feb 2026 · 7 months as independent · 1 listed board · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Vinod Kumar Nagururu, left 26 Aug 2026: Others
  • Swaminathan Thiagarajan, left 24 Apr 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 10 Aug 20267 of 7 present4 independent · 87 days in between
    • 14 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Kemisha Soni

    Priti Paras Savla, Yogender Bahadur Sahgal, Vijaya Kumar Gummalla

    • 10 Aug 20264 of 4 present3 independent · 87 days in between
    • 14 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Yogender Bahadur Sahgal

    Kemisha Soni, Vijaya Kumar Gummalla

    • 10 Aug 20263 of 3 present2 independent
    • 14 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Kemisha Soni

    Yogender Bahadur Sahgal, Vijaya Kumar Gummalla

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Priti Paras Savla

    Akshay Sharad Pitti, Sandip Agarwala

    • 10 Aug 20262 of 2 present1 independent

  • Corporate Social Responsibility Committee

    Chair Sharad Badrivishal Pitti

    Akshay Sharad Pitti, Yogender Bahadur Sahgal

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Talati & Talati LLPPeer-review certificate valid to Sep 2026
1 earlier auditor
  • Tallati & Talati LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Pitti Engineering AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Pitti Engineering dividend history

Annual general meeting, 18 Sep 2026

42,497 shareholders on the register on 11 Sep 2026; present: 5 promoters and 61 others; votes counted by Saurabh Poddar / Saurabh Poddar & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2026 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.35% · promoters 100.00% · institutions 71.52% · other public 0.58%

  2. To declare a final dividend on equity shares of the Company for the year ended 31st March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.36% · promoters 100.00% · institutions 71.56% · other public 0.58%

  3. To appoint a Director in place of Shri Akshay S Pitti, (DIN:00078760) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.36% · promoters 100.00% · institutions 71.56% · other public 0.58%

  4. To ratify the payment of remuneration to the Cost Auditors for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.36% · promoters 100.00% · institutions 71.56% · other public 0.58%

  5. To consider and approve the place of keeping the registers and returns at a place other than the registered office of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 69.36% · promoters 100.00% · institutions 71.56% · other public 0.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Apr 2026, 1 resolution

38,254 shareholders on the register on 27 Feb 2026; votes counted by Saurabh Poddar / Saurabh Poddar & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Shri Gummalla Vijaya Kumar (DIN: 00780356) as Non‑Executive Non-Independent Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 70.01% · promoters 100.00% · institutions 73.87% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 5 resolutions

41,426 shareholders on the register on 19 Sep 2025; present: 5 promoters and 78 others; votes counted by SAURABH PODDAR / Saurabh Poddar & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended 31st March 2025 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2025 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 72.58% · promoters 97.99% · institutions 92.10% · other public 1.19%

  2. To declare a final dividend on equity shares of the Company for the year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 72.59% · promoters 97.99% · institutions 92.13% · other public 1.19%

  3. To appoint a Director in place of Shri Sharad B Pitti, (DIN:00078716) who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.08%

    Turnout: all 72.59% · promoters 97.99% · institutions 92.13% · other public 1.19%

  4. To ratify the payment of remuneration to the Cost Auditors for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 72.59% · promoters 97.99% · institutions 92.13% · other public 1.19%

  5. To consider and approve appointment of Shri Ajay Kishen, Practicing Company Secretary as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 72.59% · promoters 97.99% · institutions 92.13% · other public 1.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Approval of Material Related Party Transaction
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 16.08% · promoters 0.00% · institutions 84.74% · other public 0.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2024, 7 resolutions

Present: 5 promoters and 74 others.The company's voting result (opens in a new tab)

  1. Adoption of (a) the audited financial statements of the Company for the financial year ended 31st March 2024 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2024 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  2. Declaration of final dividend on equity shares of the Company for the year ended 31st March 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  3. Re-appointment of Shri Akshay S Pitti, (DIN:00078760) as Director who retires by rotation.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  4. Ratification of payment of remuneration to the cost auditors for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  5. Appointment of Shri Vinod Kumar Nagururu (DIN 00121111) as an Independent Director.
    Special
    99.34% for0.66% against

    Against: promoters 0.00% · institutions 2.69% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  6. Appointment of Ms.Kemisha Soni (DIN 06805708) as an Independent Director.
    Special
    99.34% for0.66% against

    Against: promoters 0.00% · institutions 2.69% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

  7. Appointment of Ms.Priti Paras Savla (DIN 00662996) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.14% · promoters 100.00% · institutions 92.34% · other public 0.66%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 13 Jun 2024, 8 resolutions

Present: 3 promoters and 55 others.The company's voting result (opens in a new tab)

  1. Raising of funds in one or more tranches, by issuance of equity shares and / or other eligible securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  2. Re-designation and revision in remuneration of Shri Sharad B Pitti as Founder & Chairman of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  3. Re-designation, revision in remuneration and re-appointment of Shri Akshay S Pitti as Managing Director and Chief Executive Officer of the Company.
    SpecialPromoters have an interest in it
    97.06% for2.94% against

    Against: promoters 0.00% · institutions 44.80% · other public 0.15%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  4. Pitti Engineering Limited – Employee Stock Option Plan 2024.
    Special
    95.13% for4.87% against

    Against: promoters 0.00% · institutions 74.12% · other public 0.14%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  5. Extension of Pitti Engineering Limited – Employee Stock Option Plan 2024 to the eligible employees of its associate and subsidiary companies
    Special
    95.13% for4.87% against

    Against: promoters 0.00% · institutions 74.12% · other public 0.15%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  6. Implementation of Pitti Engineering Limited – Employee Stock Option Plan 2024 through the trust route.
    Special
    95.98% for4.02% against

    Against: promoters 0.00% · institutions 61.18% · other public 0.01%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  7. Acquisition or purchase of equity shares of the Company by way of issuance and allotment of equity shares by the Company or from secondary market or by way of both for implementation of the Pitti Engineering Limited – Employee Stock Option Plan 2024.MoreLess
    Special
    95.98% for4.02% against

    Against: promoters 0.00% · institutions 61.18% · other public 0.14%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

  8. Provision of funds by the Company for purchase of its own shares by the trust / trustees for implementation of Pitti Engineering Limited – Employee Stock Option Plan 2024
    Special
    95.98% for4.02% against

    Against: promoters 0.00% · institutions 61.18% · other public 0.15%

    Turnout: all 63.65% · promoters 100.00% · institutions 65.20% · other public 0.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 22 Mar 2024, 1 resolution

Present: 3 promoters and 48 others.The company's voting result (opens in a new tab)

  1. Approval of Scheme of Amalgamation amongst Pitti Castings Private Limited (“PCPL”) and Pitti Rail and Engineering Components Limited (“PRECL”) and Pitti Engineering Limited (“PEL”) and their respective Shareholders and Creditors under Sections 230 to 232 of the Companies Act, 2013 and the rules framed thereunder (“the Scheme”)MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 100.00% · institutions 30.19% · other public 2.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Shri Yogender Bahadur Sahgal (DIN:01622420) as an Independent Director
    Special
    96.20% for3.80% against

    Against: promoters 0.00% · institutions 50.01% · other public 0.22%

    Turnout: all 64.79% · promoters 100.00% · institutions 72.00% · other public 1.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 18 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2026 and the report of the Auditors thereon.MoreLess
    2 for0 against
  • To declare a final dividend on equity shares of the Company for the year ended 31st March 2026.
    2 for0 against
  • To appoint a Director in place of Shri Akshay S Pitti, (DIN:00078760) who retires by rotation and being eligible offers himself for re-appointment.
    2 for0 against
  • To ratify the payment of remuneration to the Cost Auditors for the financial year 2026-27.
    2 for0 against
  • To consider and approve the place of keeping the registers and returns at a place other than the registered office of the Company.
    2 for0 against

Mutual fund votes, meeting of 4 Apr 2026, 6 fund houses

  • Appointment of Shri Gummalla Vijaya Kumar (DIN: 00780356) as Non‑Executive Non-Independent Director liable to retire by rotation
    6 for0 against
6 earlier meetings

Mutual fund votes, meeting of 26 Sep 2025, 6 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended 31st March 2025 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2025 and the report of the Auditors thereon.MoreLess
    6 for0 against
  • To declare a final dividend on equity shares of the Company for the year ended 31st March 2025.
    6 for0 against
  • To appoint a Director in place of Shri Sharad B Pitti, (DIN:00078716) who retires by rotation and being eligible offers himself for re-appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Director holding combined position of Chairman and Executive Director, which may result in concentration of power in the hands of single individual.
    5 for1 against
  • To ratify the payment of remuneration to the Cost Auditors for the financial year 2025-26.
    5 for0 against
  • To consider and approve appointment of Shri Ajay Kishen, Practicing Company Secretary as Secretarial Auditor of the Company.
    6 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 3,00,000/- plus applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the audit payable to M/s. S S Zanwar and Associates, Cost Accountants (Firm Registration No.100283), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the financial year ending 31st March 2026.MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Dec 2024, 7 fund houses

  • Approval of Material Related Party Transaction
    7 for0 against

Mutual fund votes, meeting of 20 Sep 2024, 7 fund houses

  • Adoption of (a) the audited financial statements of the Company for the financial year ended 31st March 2024 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2024 and the report of the Auditors thereon.MoreLess
    7 for0 against
  • Declaration of final dividend on equity shares of the Company for the year ended 31st March 2024.
    7 for0 against
  • Re-appointment of Shri Akshay S Pitti, (DIN:00078760) as Director who retires by rotation.
    7 for0 against
  • Ratification of payment of remuneration to the cost auditors for the financial year 2024-25
    7 for0 against
  • Appointment of Shri Vinod Kumar Nagururu (DIN 00121111) as an Independent Director.
    7 for0 against
  • Appointment of Ms.Kemisha Soni (DIN 06805708) as an Independent Director.
    7 for0 against
  • Appointment of Ms.Priti Paras Savla (DIN 00662996) as an Independent Director.
    7 for0 against

Mutual fund votes, meeting of 13 Jun 2024, 2 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Raising of funds in one or more tranches, by issuance of equity shares and / or other eligible securities.
    1 for0 against
  • Re-designation and revision in remuneration of Shri Sharad B Pitti as Founder & Chairman of the Company
    2 for0 against
  • Re-designation, revision in remuneration and re-appointment of Shri Akshay S Pitti as Managing Director and Chief Executive Officer of the Company.
    1 for0 against
  • Pitti Engineering Limited – Employee Stock Option Plan 2024.
    Against LIC Mutual Fund
    • LIC Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021 and Transparency Concern: Inadequate disclosures regarding the Exercise Price/Pricing Formula under the Scheme.
    1 for1 against
  • Extension of Pitti Engineering Limited – Employee Stock Option Plan 2024 to the eligible employees of its associate and subsidiary companies
    Against LIC Mutual Fund
    • LIC Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Interlinked to resolution #4. Governance concern: Scheme proposed to be extended to Associate Companies without compelling reason.
    1 for1 against
  • Implementation of Pitti Engineering Limited – Employee Stock Option Plan 2024 through the trust route.
    Against LIC Mutual Fund
    • LIC Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Resolution linked with resolution #4 & 5.
    1 for1 against
  • Acquisition or purchase of equity shares of the Company by way of issuance and allotment of equity shares by the Company or from secondary market or by way of both for implementation of the Pitti Engineering Limited – Employee Stock Option Plan 2024.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Resolution linked with resolution #4 & 5.
    0 for1 against
  • Provision of funds by the Company for purchase of its own shares by the trust / trustees for implementation of Pitti Engineering Limited – Employee Stock Option Plan 2024
    Against LIC Mutual Fund
    • LIC Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Resolution linked with resolution #4 & 5.
    0 for1 against
4 proposals not matched to one resolution
  • Approve issuance of equity or equity linked securities for an aggregate amount of Rs. 3.6 bn
    1 for0 against
  • Approve primary issuance and/or secondary acquisition of shares through Trust route for implementation of ‘Pitti Engineering Limited- Employee Stock Option Plan 2024’ (Pitti ESOP 2024)
    1 for0 against
  • Approve provision of money, to the trust to implement ‘Pitti Engineering Limited- Employee Stock Option Plan 2024’ (Pitti ESOP 2024)
    1 for0 against
  • Redesignate and appoint Akshay S Pitti (DIN: 00078760) to Managing Director and CEO with effect from 15 May 2024 approve revision in his remuneration to be paid as minimum remuneration in the event of loss or inadequacy of profitsMoreLess
    1 for0 against

Mutual fund votes, meeting of 22 Mar 2024, 1 fund house

  • Approval of Scheme of Amalgamation amongst Pitti Castings Private Limited (“PCPL”) and Pitti Rail and Engineering Components Limited (“PRECL”) and Pitti Engineering Limited (“PEL”) and their respective Shareholders and Creditors under Sections 230 to 232 of the Companies Act, 2013 and the rules framed thereunder (“the Scheme”)MoreLess
    1 for0 against

Mutual fund votes, meeting of 27 Dec 2023, 1 fund house

  • Appointment of Shri Yogender Bahadur Sahgal (DIN:01622420) as an Independent Director
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeFirst Appellate Authority. Commissioner of Central Tax (Appeals), BengaluruSince 23 Sep 2026
    Pursuant to the amalgamation of DFPL with the Company, which became effective on 23rd September 2026, the litigation, along with all associated rights, obligations and liabilities, have vested in the Company. Total Demand of Rs. 4.91 crore along with applicable interest and equivalent penalty thereon. Based on merits of the case and the Company’s assessment, the Company believes that the demand is not sustainable and expects a favourable outcome. The matter is not expected to have any material impact on the Company's financial position or operations. The demand has been disclosed as a contingent liability in the Company's Consolidated Financial Statements. The appeal is pending adjudication. Detailed submissions have been filed and the matter is awaiting further proceedings.MoreLess
    At the filing before: Dakshin Foundry Private Limited (DFPL) is contesting an order dated 22nd November 2025 passed by the Joint Commissioner of Central Tax, Bengaluru, for FY 2018-19 to FY 2022-23 relating to ITC availed. The demand comprises tax of Rs.3.09 crores along with applicable interest and equivalent penalty thereon. DFPL is contesting an order dated 11th November 2025 passed by the Superintendent of Central Tax, Bengaluru, for FY 2018-19 to FY 2022-23 relating to ITC, interest, penalties and an alleged RCM short-payment. The demand comprises tax of Rs. 0.01 crore, along with applicable interest and equivalent penalty thereon. DFPL is contesting an order dated 31st October 2025 passed by Asst Commissioner of Central Tax, Bengaluru, for FY 2018-19 to FY 2022-23 relating ITC reversal, short payment of GST and wrong availing of GST. The demand comprises tax of Rs.1.81 crore, along with applicable interest and equivalent penalty thereon.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.