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Pitti Engineering Limited is proceeding with the amalgamation of Pitti Castings Private Limited and Pitti Rail and Engineering Components Limited, forming Pitti Engineering Limited as the amalgamated entity. The National Company Law Tribunal has approved the scheme, allowing for the allotment of 21,88,772 fully paid-up equity shares to shareholders of Pitti Castings, following the share exchange ratio outlined in the scheme. This strategic move aims to enhance operational efficiencies and market positioning, ultimately unlocking shareholder value through focused management of combined resources.