NCLT fixes July 17 hearing for Pitti Engineering amalgamation scheme

1 min read     Updated on 29 May 2026, 05:41 AM
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Pitti Engineering Limited announced that the NCLT Hyderabad Bench has scheduled a hearing for its amalgamation scheme with Pitti Industries Private Limited and Dakshin Foundry Private Limited for July 17, 2026. The joint petition under Sections 230 to 232 of the Companies Act, 2013, was admitted on May 22, 2026. Stakeholders wishing to support or oppose the scheme must submit a notice to the authorized representative at least two working days before the hearing.

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Pitti Engineering Limited has announced that the National Company Law Tribunal (NCLT), Hyderabad Bench, has scheduled the next hearing for its amalgamation scheme on July 17, 2026. The scheme involves the merger of Pitti Industries Private Limited and Dakshin Foundry Private Limited with Pitti Engineering Limited, along with their respective shareholders and creditors. The disclosure was made through newspaper advertisements published on May 28, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The joint petition under Sections 230 to 232 of the Companies Act, 2013, was admitted by the Hon'ble Tribunal on May 22, 2026. The petition was presented by Practicing Company Secretary Ms. Suman Bijarnia. The order dated May 22, 2026, subsequently fixed the hearing date for July 17, 2026.

Key Details of the Scheme

The amalgamation proposal involves three entities:

Entity Role CIN
Pitti Industries Private Limited Amalgamating Company 1 U31200TS2006PTC208072
Dakshin Foundry Private Limited Amalgamating Company 2 U02710TS2004PTC210677
Pitti Engineering Limited Amalgamated Company L29253TG1983PLC004141

The registered office for all three entities is located at Padmaja Landmark, Somajiguda, Hyderabad, Telangana.

Stakeholder Instructions

Any person desirous of supporting or opposing the petition must send a notice of intention to the Petitioner Companies' Authorized Representative. The notice, signed by the individual or their advocate, must include the name and address and reach the representative not later than two working days before the hearing date. Those opposing the petition must furnish the grounds of opposition or a copy of the affidavit with the notice to the Hon'ble Tribunal. A copy of the representation must also be served on the companies' authorized representative within the same timeframe.

Copies of the petition are available to any person upon payment of the prescribed charges. The authorized representative for the petitioner companies is Ms. Suman Bijarnia, a Practicing Company Secretary based in Hyderabad.

Historical Stock Returns for Pitti Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-3.55%+2.17%-5.79%+6.72%-7.63%+864.14%

What synergies and operational efficiencies does Pitti Engineering expect to achieve post-merger?

How will the amalgamation impact the consolidated financials and earnings per share of Pitti Engineering Limited?

What is the expected timeline for the final NCLT approval and scheme implementation following the July hearing?

Pitti Engineering changes registrar to MUFG Intime India

1 min read     Updated on 28 May 2026, 05:42 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

Pitti Engineering Limited has finalized the change of its Registrar and Share Transfer Agent from XL Softech Systems Limited to MUFG Intime India Private Limited. The transition was completed via a tripartite agreement on May 25, 2026, under Regulation 7(4) of the SEBI (LODR) Regulations, 2015.

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Pitti Engineering Limited has completed the change of its Registrar and Share Transfer Agent (RTA) from XL Softech Systems Limited to MUFG Intime India Private Limited. The transition was finalized following the execution of a tripartite agreement on May 25, 2026, involving the company, the outgoing RTA, and the incoming service provider. This move ensures that all share transfer and registry services will now be managed by the new entity.

The company informed the stock exchanges that all necessary formalities regarding the change of RTA have been duly concluded. This development is pursuant to Regulation 7(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification serves as a continuation of a previous letter sent by the company on December 30, 2025.

Key Details of the Change

Aspect Details
Erstwhile RTA XL Softech Systems Limited
New RTA MUFG Intime India Private Limited
Agreement Date May 25, 2026
Regulation SEBI (LODR) Regulations, 2015, Regulation 7(4)

The intimation was submitted to BSE Limited and National Stock Exchange of India Limited by Mary Monica Braganza, Company Secretary & Chief Compliance Officer of Pitti Engineering Limited. The filing confirms that the procedural requirements for the switch have been fully met.

Historical Stock Returns for Pitti Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-3.55%+2.17%-5.79%+6.72%-7.63%+864.14%

What strategic benefits does Pitti Engineering expect to gain by partnering with MUFG Intime India Private Limited?

How will this transition impact the efficiency and speed of share transfer services for shareholders?

Are there any upcoming corporate actions, such as dividends or buybacks, that influenced the timing of this RTA change?

More News on Pitti Engineering

1 Year Returns:-7.63%