PITTIENG2024-04-012024-06-30 PITTIENG2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member PITTIENG2024-06-30 PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults01Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults02Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets01Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets02Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member PITTIENG2024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member PITTIENG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member PITTIENG2024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member PITTIENG2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513519 PITTIENG NOTLISTED Pitti Engineering Limited Equity 2024-04-01 2025-03-31 2024-08-14 2024-08-02 INR Lakhs First quarter 16:00:00 17:10:00 2024-08-14 2024-08-14 Not applicable Geographical 2024-04-01 2024-06-30 Unaudited Consolidated 3827834000.00 39268000.00 3867102000.00 2701050000.00 0.00 -224689000.00 366136000.00 170803000.00 154098000.00 421813000.00 3589211000.00 277891000.00 0.00 277891000.00 79905000.00 -7506000.00 72399000.00 0.00 205492000.00 0.00 0.00 0.00 0.00 205492000.00 -10497000.00 194995000.00 0.00 0.00 160292000.00 5 6.41 6.41 0.00 0.00 6.41 6.41 1. The above financial results for the quarter ended 30th June 2024 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 14th August 2024. 2. The consolidated financial results include results of the following:a.Holding Company – Pitti Engineering Limited b.Wholly owned subsidiary – Pitti Rail and Engineering Components Limited c.Wholly owned subsidiary - Bagadia Chaitra Industries Private Limited (w.e.f.6th May 2024) 3. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed uner Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulations issued by Securities and Exchange Board of India (SEBI). 4. The financial results for the Quarter ended 30th June 2024 is not comparable with previous period results due to the acquisition of Bagadia Chaitra Industries Private Limited results are considered from the date 6th May 2024 to 30th June 2024. 5. On 6th May 2024, the Company has acquired Bagadia Chaitra Industries Private Limited for Rs.10,450.41 lakhs out of which the goodwill amount is Rs. 7,434.32 lakhs. The transaction costs of Rs. 218 lakhs incurred in connection with the acquisition of Bagadia Chaitra Industries Private Limited such as finder’s fees, legal fees, due diligence fees, and other professional and consulting fees are expensed as incurred and have been included under other expenses for the quarter ended 30th June 2024. 6. The Board of Directors at their meeting held on 15th June 2023 considered and approved the Scheme of Amalgamation among Pitti Castings Private Limited (PCPL) and Pitti Rail and Engineering Components Limited (PRECL) and Pitti Engineering Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and the rules framed thereunder (Scheme). The Scheme, inter-alia, provides for amalgamation of PCPL and PRECL with Pitti Engineering Limited. The Company had filed the Scheme with Stock Exchanges on 26th June 2023 and received their no objection on 26th October 2023. Further, the Company has received approval from the shareholders and creditors pursuant to a National Company Law Tribunal (NCLT) convened meeting on 22nd March 2024. A joint petition has been filed with the NCLT, Hyderabad bench on 29th March 2024 and the same was heard on 7th June 2024 and 2nd August 2024 and is reserved for next hearing on 3rd September 2024. The Scheme would become effective from the appointed date (1st April 2023) after receipt of all requisite approvals as mentioned in the Scheme. Pending receipt of necessary approvals, no effect of the Scheme has been given in the financial results for the quarter ended 30th June 2024. 7. The Board of Directors at their meeting held on 15th May 2024 and the Shareholders at the Extra-Ordinary General Meeting held on 13th June 2024 approved the issue of securities through Qualified Institutional Placement. In accordance with the same the Fund Raising Committee at its meeting held on 11th July 2024 allotted 34,14,749 equity shares of Rs. 5/- each at an issue price of Rs. 1,054.25 per share (including securities premium of Rs. 1,049.25 per share) aggregating to Rs. 35,999.99 lakhs. For note 8 to 11,please refer to the results submitted to the stock exchanges. Other Expenses 421813000.00 India 2794195000.00 Outside India 1072907000.00 3867102000.00 3867102000.00 India 0.00 Outside India 0.00 0.00 0.00 India 15018763000.00 Outside India 1446062000.00 16464825000.00 India 0.00 Outside India 0.00 0.00 Remeasurement of the net defined benefit liability -14028000.00 -14028000.00 -3531000.00 0.00