NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company2d ago · 23 Sept 2026, 06:42 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Pitti Engineering Limited · PITTIENG
✦ AI SummaryLitigation
Pitti Engineering Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) related to the amalgamation of Dakshin Foundry Private Limited (DFPL) with the Company. The Company has disclosed three litigations with a total demand of ₹ 7.81 crores along with applicable interest and equivalent penalty thereon.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment4/10
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Pitti Engineering Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s)
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23rd September 2026
To To
BSE Limited National Stock Exchange of India Limited
Floor 25, P J Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 513519 Scrip Code: PITTIENG
Dear Sir,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)
With reference to the captioned subject, we wish to inform you that, pursuant to the amalgamation
of Dakshin Foundry Private Limited (DFPL) with the Company, effective 23rd September 2026, all
assets, liabilities, rights, obligations and pending litigations of DFPL have vested in and stand
transferred to the Company.
Details of the vested litigations required to be disclosed under Regulation 30 of the SEBI Listing
Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated 30th January 2026, is provided in Annexure I.
You are requested to take the above information on record.
Thanking you,
Yours faithfully,
For Pitti Engineering Limited
Mary Monica Braganza
Company Secretary & Chief Compliance Officer
FCS 5532
Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 as updated on 30th January 2026.
Sr.No. Name of the Authority Brief details of the dispute / litigation Expected financial implications if Current Status
any, due to compensation, penalty
etc.
1 First Appellate Authority, DFPL is contesting an order dated 22nd November Pursuant to the amalgamation of The appeal is
Commissioner of Central Tax 2025 passed by the Joint Commissioner of Central DFPL with the Company, which pending
(Appeals), Bengaluru Tax, Bengaluru, for FY 2018-19 to FY 2022-23 became effective on 23rd September adjudication.
relating to ITC availed. The demand comprises 2026, the litigation, along with all Detailed
tax of ₹ 3.09 crores along with applicable interest associated rights, obligations and submissions have
and equivalent penalty thereon. liabilities, have vested in the been filed and the
Company. matter is awaiting
2 First Appellate Authority, DFPL is contesting an order dated 11th November further
Commissioner of Central Tax 2025 passed by the Superintendent of Central Tax, Total Demand of ₹ 4.91 crore along proceedings.
(Appeals), Bengaluru Bengaluru, for FY 2018-19 to FY 2022-23 relating with applicable interest and
to ITC, interest, penalties and an alleged RCM equivalent penalty thereon.
short-payment. The demand comprises tax of ₹
0.01 crore, along with applicable interest and Based on merits of the case and the
equivalent penalty thereon. Company’s assessment, the
Company believes that the demand
3 First Appellate Authority, DFPL is contesting an order dated 31st October is not sustainable and expects a
Commissioner of Central Tax 2025 passed by Asst Commissioner of Central favourable outcome. The matter is
(Appeals), Bengaluru Tax, Bengaluru, for FY 2018-19 to FY 2022-23 not expected to have any material
relating ITC reversal, short payment of GST and impact on the Company's financial
wrong availing of GST. The demand comprises position or operations.
tax of ₹1.81 crore, along with applicable interest
and equivalent penalty thereon. The demand has been disclosed as a
contingent liability in the Company's
Consolidated Financial Statements.