Pitti Engineering promoters declare no share encumbrance in FY26

1 min read Updated on 16 Jun 2026, 04:14 AM

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Jubin VScanX News Team

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Promoters of Pitti Engineering Ltd declared that they have not created any encumbrance on shares during the financial year ended March 31, 2026. This disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has been requested to note this declaration at its next Audit Committee meeting.

*this image is generated using AI for illustrative purposes only.

The promoters and promoter group of Pitti Engineering Ltd have confirmed that no shares were encumbered during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges and the company's Audit Committee in compliance with regulatory requirements. The confirmation ensures that the shareholding structure remains free from undisclosed pledges or charges, which is a key factor for investor confidence.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoters stated that they have not made any encumbrance of shares, directly or indirectly, other than those already disclosed. Additionally, under Regulation 31(5) of the same regulations, the promoters requested the company to record this declaration at its next Audit Committee meeting.

The declaration was signed by key members of the promoter group, including Shri Sharad B Pitti, Shri Akshay S Pitti, and Smt Madhuri S Pitti. The document was also signed on behalf of Sharad B Pitti (HUF) and Pitti Electrical Equipment Private Limited by Shri Akshay S Pitti, Director.

Signatories to the Declaration

Entity / Individual	Role / Designation
Shri Sharad B Pitti	Promoter
Shri Akshay S Pitti	Promoter / Director
Smt Madhuri S Pitti	Promoter
Sharad B Pitti (HUF)	Promoter Group
Pitti Electrical Equipment Private Limited	Promoter Group

Historical Stock Returns for Pitti Engineering

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.12%	+9.27%	+10.12%	+23.75%	+0.10%	+699.48%

How will this clean shareholding structure impact Pitti Engineering's ability to secure future financing or debt?

Could this declaration signal the promoters' confidence in the company's valuation and potential for future expansion?

What measures are the promoters considering to maintain this unencumbered status during periods of market volatility?

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Pitti Engineering to raise machining capacity to 10.8 lakh hours

0 min read Updated on 04 Jun 2026, 02:06 AM

Reviewed by

Shriram SScanX News Team

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Pitti Engineering disclosed an addendum to its capital expenditure approval, detailing a plan to increase consolidated machining capacity to 10,80,000 hours through a new greenfield facility. The current capacity of 7,20,000 hours operates at 81% utilisation.

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Pitti Engineering disclosed plans to increase its consolidated machining capacity to 10,80,000 hours through a greenfield casting and machined components facility. The company submitted an addendum to its previous regulatory filing on June 3, 2026, to clarify specific capacity figures that were inadvertently omitted from the initial disclosure dated May 14, 2026. This expansion aims to address growing market requirements and improve production capabilities.

The existing consolidated machining capacity of the company stands at 7,20,000 hours, with a current utilisation rate of approximately 81%. By expanding the facility, the company intends to significantly boost its operational output. The proposed increase will raise the total capacity to 10,80,000 hours, marking a substantial upgrade in manufacturing potential.

All other details regarding the capital expenditure approval mentioned in the original letter dated May 14, 2026, remain unchanged. The disclosure was submitted to BSE Ltd and the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.