Approval of Capex and capacity expansion

22nd October 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 Sirs, Sub: Approval of Capex and capacity expansion We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 22nd October 2026 has approved a capex of ₹450 crores to increase manufacturing capacities and value-addition capabilities and consolidate the Company's fragmented lamination manufacturing operations in Karnataka into a single integrated manufacturing facility. The project is proposed to be implemented in phases up to FY 2030-31. The relevant 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 is attached as Annexure. Kindly take the same on record. Thanking you, Yours faithfully, For Pitti Engineering Limited Mary Monica Braganza Company Secretary & Chief Compliance Officer FCS: 5532 Annexure Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 as updated on 30th January 2026. Approved capital expenditure and capacity expansion Sno Particulars Details a) Existing capacity The current consolidated installed capacity for sheet metal (lamination) is 1,08,000 MT per annum and for machining hours is 8,13,600 with an approved expansion currently underway to enhance machining capacity to 10,80,000 machining hours by Q1 2029-30. b) Existing capacity utilization The current capacity utilisation stands at ~ 78% for sheet metal and ~ 85% for machining. c) Proposed capacity addition Particulars Existing On-going Post (Per annum) Capacity as Capacity Proposed on addition to be Capacity 30-Sep-2026 completed by Q1 2029-30 Sheet Metal (MT) 1,08,000 NA 1,60,000 Machine Hours 8,13,600 10,80,000 13,14,000 d) Period within which the proposed The project is proposed to be implemented in phases up to FY 2030-31. capacity is to be added e) Investment required Estimated project cost is ₹ 450 crores f) Mode of financing Internal accruals and Debt g) Rationale The Company is witnessing sustained growth in demand across key sectors, including mining and off-highway vehicles, power generation (including thermal, hydro, pumped storage and wind energy), data centres, railways and metro infrastructure. In order to support the anticipated growth in business volumes, strengthen its manufacturing capabilities and enhance value addition, the Company proposes to undertake capacity expansion and consolidate its presently fragmented lamination manufacturing operations in Karnataka into a single integrated manufacturing facility. The project is expected to increase capacities, improve operational efficiencies, optimise costs and support future growth.