Pitti Engineering Limited — Others, 20-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Pitti Engineering Limited has received a favorable order from the Commissioner of Income Tax (Appeals) regarding a significant tax dispute. The ruling deletes additions made by the Assessing Officer concerning certain unsecured loans that were previously considered company income. This dispute involved a demand of ₹923.08 lakhs (approximately 9.23 Cr), an amount the company had disclosed in its financial statements. This decision is positive for shareholders as it resolves a material tax matter in the company's favor, potentially reducing future tax liabilities or contingent claims.