Standalone results for the quarter Ended 30.09.2026 Un-Audited

Also decided at the meeting

• Declared interim dividend of ₹ 2/- (40%) per equity share of face value ₹ 5/- each for FY 2026-27; record date Monday, 2nd November 2026; payable on or before 21st November 2026.
• Approved capex of ₹450 crores to increase capacities and consolidate Karnataka lamination operations into a single facility, in phases up to FY 2030-31, funded by internal accruals and debt.
• Noted second grant of 5,77,500 employee stock options under Pitti ESOP Scheme 2024 at exercise price of ₹ 736.72, made by the NRC on 22nd October 2026.
• Re-designated Shri Sandip Agarwala from COO – Motor & Generator Components Business to Deputy Chief Executive Officer, effective 22nd October 2026.
• Re-designated Shri Chaitra Sundaresh from Deputy Chief Operating Officer to COO – Motor & Generator Components Business, effective 22nd October 2026.
• Promoted Shri Avinash Arun Patil from President – Maharashtra Operations to Deputy Chief Operating Officer (Senior Management), effective 22nd October 2026.

Auditor's review

Conclusion: Unmodified

• Emphasis of matter: NCLT order dated 8th September 2026 approved amalgamation of PIPL and DFPL with the Company, appointed date 1st April 2026; comparatives restated under Appendix C to Ind AS 103. Conclusion not modified.

Notes to the results

• Scheme of Amalgamation of wholly-owned subsidiaries PIPL and DFPL with the Company approved by NCLT Hyderabad on 8th September 2026, effective 23rd September 2026, appointed date 1st April 2026.
• Amalgamation accounted using pooling of interests; comparatives restated. Company has no subsidiaries, so results are standalone. Q1 restated total income 52,994.57 lakhs vs reported 44,258.88 lakhs.
• ESOP Trust held 7,40,000 company shares as on 30th September 2026, treated as treasury shares under Ind AS 32.