Pitti Engineering Limited — Important, 06-01-2025: Updates

The Audit Committee and Independent Directors of Pitti Engineering Limited have certified the distribution of proceeds to eligible shareholders concerning the Scheme of Amalgamation involving Pitti Castings Private Limited and Pitti Rail and Engineering Components Limited. This report confirms compliance with the requirements under the Companies Act, 2013, ensuring that the proceeds are appropriately distributed to eligible shareholders of the amalgamating companies. This development signifies a key step in integrating the entities and could enhance operational efficiency and shareholder value. Investors should monitor further updates related to the amalgamation process and any potential impacts on the company's financial performance.