Announcement under Regulation 30 of SEBI (LODR) - Pending litigations/disputes

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.