NSEAction(s) initiated or orders passed6d ago · 14 Oct 2026, 01:59 pm
Action(s) initiated or orders passed
Pitti Engineering Limited · PITTIENG
✦ AI SummaryRegulatory
Pitti Engineering Limited has informed the Exchange about the conclusion of an investigation or search proceeding initiated by the Maharashtra State GST officials at its manufacturing unit. The Company has cooperated fully and the process was concluded peacefully. The GST liability for the period FY 2022-23 to FY 2026-27 has been identified, and the Company has agreed to discharge the applicable GST liability together with interest.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Pitti Engineering Limited has informed the Exchange about Action(s) initiated or orders passed
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14th October 2026
To, To,
BSE Limited National Stock Exchange of India Limited Exchange
Floor 25, P J Towers, Dalal Street Plaza, Bandra Kurla Complex Bandra (E), Mumbai –
Mumbai – 400 001 400 051
Scrip Code: 513519 Scrip Code: PITTIENG
Dear Sir,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing
Regulations”), and further to our intimation dated 8th October 2026, we wish to inform you that investigation or search
proceeding under Section 67 of the Maharashtra Goods and Services Tax Act 2017 initiated by the Maharashtra State GST
officials at the manufacturing unit situated in State of Maharashtra has been concluded yesterday i.e., 13 October 2026 at
11:30 P.M. The Company has extended full co-operation and assistance in the said matter and the entire process was
concluded peacefully and cordially.
The details of the above as required under Clause 19 of Para A of Schedule III of the Listing Regulations read with SEBI
Master Circular No. HO/49/14/14(7)2025–CFD-POD2/I/3762/ 2026 dated 30th January 2026 are enclosed as Annexure.
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
Annexure
Sno. Particulars Details / Information
1. Name of the authority Deputy Commissioner of State Tax, Maharashtra
2. Nature and details of the action(s) taken, Investigation or search proceeding was initiated u/s 67
initiated or order(s) passed of the Maharashtra Goods and Services Tax Act 2017 of
the Company’s manufacturing unit situated in the State
of Maharashtra.
3. Date of receipt of direction or order, Investigation or search concluded on 13th October 2026 at
including any ad-interim or interim orders, or 11:30 P.M.
any other communication from the authority
4. Details of the violations(s) / contravention(s) The Company has provided all necessary documents,
committed or alleged to be committed clarifications and details, as required and further agreed
to provide additional documents and details sought by
the GST Authority in due course of time.
Pursuant to the investigation, certain discrepancies were
identified for the period FY 2022-23 to FY 2026-27, the
Company has agreed to discharge the applicable GST
liability together with the corresponding interest
thereon, as detailed below:
Particulars Tax liability Interest
(₹) (₹)
Reverse Charge 26,88,245 10,00,096
Mechanism (RCM)
TDS credit wrongly 27,98,731 1,46,129
availed
Reversal of Input 8,51,219 3,07,410
Tax Credit (ITC)
Total 63,38,195 14,53,635
The above tax amount proposed to be discharged will be
available as Input Tax Credit to the Company subject to
eligibility in accordance with law.
5. Impact on financials, operation or other There is no material impact on the financials, business
activities of the listed entity, quantifiable in operations or any other activities of the Company due to
monetary terms to the extent possible the aforesaid investigation or Search proceedings.