Pitti Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2026

1. The above financial results for the quarter ended 30th June 2026 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2026.

2. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulations issued by Securities and Exchange Board of India (SEBI).

3. The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year and the unaudited figures of nine months ended December 31, 2025, which were subjected to limited review.

4. The Board of Directors, at its meeting held on 5th February 2026, approved the Scheme of Amalgamation of Pitti Industries Private Limited (formerly Bagadia Chaitra Industries Private Limited) (“PIPL”) and Dakshin Foundry Private Limited (“DFPL”) with Pitti Engineering Limited (“PEL”. “the Company”) and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. The Company received an order from the National Company Law Tribunal (“NCLT”) on 10th April 2026, granting dispensation of meetings of the equity shareholders, secured creditors, and unsecured creditors of PIPL, DFPL and PEL in connection with the proposed Scheme. The second motion petition seeking approval of the Scheme was filed with the NCLT on 23rd April 2026 and the same was heard on 22nd May 2026, 17th July 2026 and 7th August 2026. The matter is scheduled for further hearing on 17th August 2026. The Scheme will become effective from the appointed date of 1st April 2026, after receipt of all requisite approvals as specified in the Scheme, no effect of the Scheme has been given in the financial results for the quarter ended 30th June 2026.

5. The Pitti Engineering Limited Employee Welfare Trust (ESOP Trust) purchased equity shares of the Company from the open market and outstanding as on June 30, 2026 is 7,40,000 company shares . The Company considers the ESOP Trust as its extension, and accordingly, the shares held by the Trust are treated as treasury shares in accordance with IND AS 32.
For the accounting of employee stock options granted, the Company and its subsidiaries have adhered to the requirements of IND AS 102. The adjustment to the earnings per share due to the grant of options is anti-dilutive; hence, the basic and diluted earnings per share remain the same.

6. The Company has only one business segment, which is manufacturing of engineering products of Iron and Steel, hence the reporting is done as a single segment. For the geographical segment revenue and assets please refer note 6 of the financial results submitted to the stock exchanges.

7. Figures of the previous quarters/year have been regrouped wherever necessary to correspond with current year's presentation.