Pitti Engineering Limited has received the NCLT Hyderabad bench approval for the scheme of amalgamation of Pitti Industries Private Limited and Dakshin Foundry Private Limited with itself.

The strategic objective focuses on simplifying corporate structure and achieving operational synergies.

Since Pitti Industries Private Limited is a wholly-owned subsidiary, no new shares will be issued, resulting in no shareholding dilution for existing retail investors.

The consolidation will become operational upon filing the final order with the Registrar of Companies.