PITTIENG2024-07-012024-09-30 PITTIENG2024-07-012024-09-30 PITTIENG2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member PITTIENG2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member PITTIENG2024-09-30 PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member PITTIENG2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member PITTIENG2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member PITTIENG2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member PITTIENG2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member PITTIENG2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member PITTIENG2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member PITTIENG2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513519 PITTIENG NOTLISTED Pitti Engineering Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-11-04 INR Lakhs Half yearly 16:30:00 17:50:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Geographical 2024-07-01 2024-09-30 Unaudited Consolidated 4293634000.00 258917000.00 4552551000.00 2771041000.00 0.00 -161862000.00 475412000.00 186929000.00 201010000.00 548273000.00 4020803000.00 531748000.00 0.00 531748000.00 116117000.00 35403000.00 151520000.00 0.00 380228000.00 0.00 0.00 0.00 0.00 380228000.00 10605000.00 390833000.00 0.00 0.00 0.00 0.00 188310000.00 5 10.20 10.20 0.00 0.00 10.20 10.20 1. The above financial results for the quarter and half year ended 30th September 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on 13th November 2024. 2. The financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and other generally accepted accounting principles in India and in terms of Regulations issued by the Securities and Exchange Board of India (SEBI). 3. The consolidated financial results include results of the following: a. Holding Company – Pitti Engineering Limited b. Wholly Owned Subsidiary – Pitti Industries Private Limited (Formerly Bagadia Chaitra Industries Private Limited) w.e.f. 6th May 2024 c. Wholly Owned Subsidiary -Dakshin Foundry Private Limited w.e.f. 25th July 2024 4. 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 or the Amalgamating Company 1 ) and Pitti Rail and Engineering Components Limited ( PRECL or the Amalgamating Company 2 ) and Pitti Engineering Limited ( PEL or the Amalgamated Company ) and their respective shareholders and creditors under Section 230 to 232 of the Companies Act, 2013 and the rules framed thereunder (Scheme). The Hon'ble National Company Law Tribunal, Bench at Hyderabad bench had approved the Scheme vide Order dated 3rd October 2024. The Scheme has been made effective upon filing the certified true copy of the order with the relevant Registrar of Companies, Hyderabad on 24th October 2024. The Scheme has been made effective from the Appointed Date of 1st April 2023. Accordingly, in terms of the Scheme, the eligible shareholders of the Amalgamating Company 1, have been allotted 21,88,772 equity shares of the Company on November 13th 2024 in the agreed share exchange ratio. In view of the above and in terms of the requirements under IndAS 103 and other applicable provisions, effect of the Scheme has been given in the financial results for all the applicable periods declared in the above results, are restated in accordance with the accounting treatment prescribed in the Scheme. 5. 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 Placement Document was issued on 8th July 2024, as against that the issue was subscribed with an aggregating amount of Rs. 35,999.99 lakhs. The Fund Raising Committee at its meeting held on 11th July 2024 allotted 34,14,749 Equity Shares of face value Rs.5/- each at an issue price of Rs.1,054.25 per share (including securities premium of Rs.1,049.25 per Equity Share) against the subscribed amount. The proceeds from the issue were utilised in accordance with the disclosures made in the Placement Document and there were no deviations in the actual utilisation of the proceeds from the Objects as stated in the Placement Document. 6. For note numbers 6 to 9, please refer the results submitted to the stock exchanges. Geographical 2024-04-01 2024-09-30 Unaudited Consolidated 8208116000.00 292477000.00 8500593000.00 5386924000.00 0.00 -394943000.00 900017000.00 356364000.00 369514000.00 1075154000.00 7693030000.00 807563000.00 0.00 807563000.00 198162000.00 35566000.00 233728000.00 0.00 573835000.00 0.00 0.00 0.00 0.00 573835000.00 -2662000.00 571173000.00 0.00 0.00 0.00 0.00 188310000.00 5 16.04 16.04 0.00 0.00 16.04 16.04 Other Expenses 548273000.00 Other Expenses 1075154000.00 7333530000.00 606349000.00 0.00 1360905000.00 96193000.00 0.00 0.00 0.00 3000.00 0.00 0.00 68719000.00 68722000.00 0.00 498583000.00 9964282000.00 3214524000.00 127000.00 2489155000.00 1077858000.00 316031000.00 0.00 26783000.00 3909954000.00 0.00 1317063000.00 8441541000.00 0.00 0.00 18405823000.00 188310000.00 8533342000.00 8721652000.00 8721652000.00 2346326000.00 0.00 753993000.00 3100319000.00 244290000.00 167581000.00 0.00 0.00 3512190000.00 2341065000.00 3106999000.00 500812000.00 5948876000.00 58197000.00 100022000.00 64886000.00 0.00 6171981000.00 9684171000.00 18405823000.00 India 3232959000.00 Outside India 1060675000.00 India 6074534000.00 Outside India 2133582000.00 4293634000.00 8208116000.00 4293634000.00 8208116000.00 India 0.00 Outside India 0.00 India 0.00 Outside India 0.00 0.00 0.00 0.00 0.00 India 17039648000.00 Outside India 1366175000.00 18405823000.00 India 0.00 Outside India 0.00 0.00 356364000.00 -261434000.00 166135000.00 0.00 -65787000.00 -4657000.00 -29056000.00 -10714000.00 0.00 271400000.00 0.00 -5763000.00 0.00 369514000.00 0.00 11910000.00 31814000.00 92662000.00 0.00 28156000.00 0.00 49737000.00 0.00 -3000.00 0.00 0.00 -6366000.00 1826000.00 0.00 896264000.00 1703827000.00 0.00 0.00 0.00 193076000.00 0.00 1510751000.00 0.00 0.00 0.00 2576292000.00 0.00 0.00 0.00 0.00 19260000.00 1373062000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 55366000.00 0.00 0.00 0.00 -3874728000.00 0.00 0.00 3468589000.00 0.00 0.00 0.00 0.00 0.00 2217378000.00 3097733000.00 0.00 -164426000.00 51865000.00 375216000.00 0.00 27483000.00 2353062000.00 -10915000.00 0.00 -10915000.00 1088773000.00 1077858000.00 13786000.00 -3944000.00 3181000.00 -1282000.00