Pitti Engineering Ltd

AGM notice and Annual Report access

• Web-link letters sent to Members without registered emails to access FY 2025-26 Annual Report.
• 42nd AGM scheduled for 18 September 2026 at 4:00 PM IST via VC/OAVM.
• Web-link, exact access path, and QR code to access the Annual Report provided.
• Members to update email addresses with DP or RTA (MUFG Intime) to receive communications.

Subject of filing

• BR & Sustainability Report for FY2025-26 filed with BSE/NSE under Regulation 34.

Business activities

• Main activity: Manufacturing electrical laminations and motor components, 96.88% of turnover.

Operations and workforce

• Workforce: 1,070 permanent employees and 2,843 workers (total 3,913).

ESG highlights

• 1 MW solar plant generated 1,496.89 MWh, reducing 1,072 tCO2e.
• LEED Platinum at Chhatrapati Sambhajinagar facility; EcoVadis Bronze.

Governance

• MD & CEO: Akshay S. Pitti; governance via Risk Management and CSR Committees.

GHG emissions

• GHG emissions: Scope 1 2,330.83 tCO2e; Scope 2 26,125.93 tCO2e.

Water and waste

• Water withdrawal 43,512.59 kL; water intensity 27.62 per turnover.

Related party transactions

• Related party transactions: purchases 0.94%; sales 3.47%; loans 100%; investments 99.97%.

CSR details

• CSR turnover: ₹1,57,557.42 Lakhs; net worth: ₹90,041.11 Lakhs.

AGM Details

• AGM date/time: 18 September 2026 at 4:00 PM IST.
• Mode: VC/OAVM.

Ordinary Business

• Adopt standalone financial statements for the year.
• Adopt consolidated financial statements for the year.
• Declare final dividend of Rs 2.50 per equity share.
• Re-appoint Akshay S Pitti, retires by rotation.

Dividend Details

• Record date for final dividend: 11 September 2026.
• Dividend payable within 30 days post AGM, subject to TDS.

Special Business

• Remuneration ratification for Cost Auditors for 2026-27: Rs 5,00,000 plus taxes and expenses.
• Place registers and annual returns at MUFG Intime India Private Limited office.
• Authority to Directors/Company Secretary to give effect.

FY26 highlights

• Consolidated revenue ₹1,952.91 cr in FY26.
• Adjusted EBITDA ₹325.80 cr; margin 17.03%.
• PAT ₹117.81 cr; PAT margin 6.03%.
• Operating cash flow ₹204.91 cr.
• Net debt ₹600.01 cr; net debt/ equity ~0.63x.
• EPS ₹31.77; final dividend ₹2.50 per share proposed.
• Total assets ₹2,137.78 cr; ROE 12.50%; ROCE 13.75%.
• Exports ₹531.31 cr; exports share 27% of revenue.
• Data centres and railways prominent growth themes.

Geography and end-markets

• India revenue ₹1,090.86 cr; outside India ₹499.15 cr; total ₹1,590.01 cr.
• Railways remains large at 33% of revenue; export mix 27%.
• Exports contributed ₹531.31 cr; ~43% YoY growth in three years.
• Two new data-centre clients; recurring revenue in greenfield growth area.
• Domestic share 73%; international footprint across 11+ countries.

Capex and capacity expansion

• Brownfield capex ₹150 cr, ~₹100 cr spent; sheet metal to 1,08,000 MT.
• Casting capacity to 24,600 MT; higher machining hours added.
• Greenfield capex ₹290 cr to expand castings and machined components.
• Capability expansion linked to marquee customers; aim for higher value-engineered assemblies.
• Full ramp-up expected to improve asset turns to 1.0x–1.2x.

Dividends and capital return

• Final dividend ₹2.50 per equity share (face ₹5) for FY26, subject to AGM approval.
• Record date: 11-Sep-2026; dividend payable within 30 days of AGM.
• Dividend policy aligned with policy; no differential voting rights issued.

Capital structure and liquidity

• Consolidated gross borrowings ₹70,129.53 lakhs; net debt ₹60,001.27 lakhs.
• Cash and cash equivalents ₹11,944.92 lakhs; other bank balances ₹2,727.44 lakhs.
• Total assets ₹2,137.78 crores; net worth approximately ₹986.90 crores.
• Net debt to equity 0.63x; stable liquidity profile.

Operations and footprint

• Six manufacturing locations; six locations across Telangana, Maharashtra, Karnataka.
• Sheet Metal, Machining, Casting capacities and utilizations cited.
• Two wholly owned subsidiaries: Pitti Industries Private Limited and Dakshin Foundry Private Limited.
• Scheme of Amalgamation: PIPL and DFPL with Pitti Engineering; NCLT filing and dispensation of meetings.

ESG, CSR and governance

• CSR spend ₹517.44 lakhs; CSR obligation ₹130.10 lakhs; excess ₹387.34 lakhs set off.
• LEED Platinum at Chhatrapati Sambhajinagar; EcoVadis Bronze.
• 1 MW solar installed; 23 EVs deployed; zero workplace injuries.

Outlook and risks

• Macro environment: India growth around 6–7% in medium term; global volatility persists.
• Tariffs and geopolitical tensions impact input costs; price pass-through important.
• Capex energy transition and data-centre demand support long-term growth.

Record date and dividend entitlement

• Security: Equity shares; record date 11-09-2026 for final dividend and AGM.
• AGM scheduled 18 Sep 2026; dividend payable within 30 days after AGM if declared.
• Subject to shareholder approval at AGM.
• Dividend amount not disclosed.

AGM Details

• AGM date/time/mode: 18 Sep 2026 at 4:00 PM IST; VC/OAVM.
• Record date for dividend and AGM: 11 Sep 2026.
• Dividend proposed: ₹2.50 per equity share (50%).
• E-voting: cut-off 11 Sep 2026; remote 15-17 Sep; AGM voting 18 Sep from 4 PM.

Meeting Details

• Date: August 11, 2026; time not disclosed
• Type/Mode: Virtual group earnings conference call
• Organizer: Pitti Engineering Q1 FY27 Earnings Conference Call

Participants

• Company roles: Managing Director & CEO; Senior Management Team; IR partner from SGA

Purpose

• Earnings results discussion for Q1 FY27; investor Q&A session

Availability

• Transcript attached to filing; audio recording uploaded to stock exchange on Aug 11, 2026
• Investor presentation and related disclosures available on stock exchanges and company website

Meeting Details

• Date: 11 August 2026.
• Type/Mode: conference call (group).
• Organiser: not specified.
• Key participant: Company Secretary & Chief Compliance Officer.
• Purpose: discuss un-audited Q1 FY27 results.
• Recording: audio available on the company website.
• Transcript: to be intimated to exchanges and posted on the website.