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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PITTIENG_14102026135631_Reg30intimation.pdf

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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.