Buy Pitti Engineering; target of Rs 438: Arihant Capital
Arihant Capital is bullish on Pitti Engineering has recommended buy rating on the stock with a target price of Rs 438 in its research report dated April 29, 2022.30-04-2022
30-04-2022
Pitti Engineering Ltd-$ - 513519 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayPitti Engineering Ltd- 2CINL29253TG1983PLC004141 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 85.53 4Highest Credit Rating during the previous FY INDA-STABLEINDA2+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INDIA RATINGS AND RESEARCH PVT. LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: MARY MONICA BRAGANZA Designation: COMPANY SECRETARY COMPLIANCE OFFICER EmailId: monica.m@pitti.in Name of the Chief Financial Officer: AKSHAY S PITTI Designation: VICE CHAIRMAN MANAGING DIRECTOR AND INTERIM CFO EmailId: asp@pitti.in Date: 22/04/2022 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.22-04-2022
Pitti Engineering Ltd-$ - 513519 - Compliance Certificate For The Year Ended 31St March 2022
Please find enclosed compliance certificate in terms of Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 for the year ended 31st March 2022. Kindly take the same on record.21-04-2022
Pitti Engineering Ltd-$ - 513519 - Compliance Certificate For The Year Ended 31St March 2022
Please find enclosed compliance certificate in terms of Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 for the year ended 31st March 2022. Kindly take the same on record.21-04-2022
Pitti Engineering Ltd-$ - 513519 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Further to our letters dated 22nd February 2022 and 24th February 2022 intimating loss of share certificate and submission of published notice of loss of share certificate, we wish to inform you that the company has issued letter of confirmation in lieu of the original share certificate reported lost, details whereof are mentioned in the attached letter. The aforesaid letter of confirmation has been issued pursuant to the Circular Resolution passed by the Stakeholders Relationship Committee on 19th April 2022, the said letter of confirmation was despatched to the shareholder on 20th April 2022. Kindly take the above on your record and oblige.20-04-2022
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Change in Directorate
Further to our letter dated April 11, 2022 informing inter-alia of the appointment of Shri Akshay S Pitti as Interim Chief Financial Officer in addition to being the Vice-Chairman & Managing Director of the Company, we request you to kindly read the date of appointment mentioned in Annexure-1 as Effective from April 14, 2022 instead of April 11, 2022.12-04-2022
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., April 11, 2022 has inter-alia: 1. Approved the re-appointment of Shri Sharad B Pitti as Chairman & Managing Director of the Company for a further period of five years subject to the approval of the Members. 2. Approved appointment of Shri Akshay S Pitti as Interim Chief Financial Officer in addition to being the Vice-Chairman & Managing Director of the Company. 3. Amended the Code of Practices and Procedures for fair Disclosure of Unpublished Price Sensitive Information by replacing the term President Corporate Resources & CFO wherever appearing by the term CFO. Request you to kindly take the same on record.11-04-2022
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Change in Directorate
We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., April 11, 2022 has inter-alia: 1. Approved the re-appointment of Shri Sharad B Pitti as Chairman & Managing Director of the Company for a further period of five years subject to the approval of the Members. 2. Approved appointment of Shri Akshay S Pitti as Interim Chief Financial Officer in addition to being the Vice-Chairman & Managing Director of the Company. 3. Amended the Code of Practices and Procedures for fair Disclosure of Unpublished Price Sensitive Information by replacing the term President Corporate Resources & CFO wherever appearing by the term CFO. Request you to kindly take the same on record.11-04-2022
Pitti Engineering Ltd-$ - 513519 - Regulation 40(10) Of SEBI (Listing Obligations And Disclosure Requirements), Regulations 2015
Please find enclosed the certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 for the year ended 31st March 2022. Kindly take the same on record.06-04-2022
Pitti Engineering Ltd-$ - 513519 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 and based on the certificate received from M/s.XL Softech Systems Limited (Registrar and Share Transfer Agent), we hereby confirm that during the quarter ended 31st March 2022, the certificates of equity shares received for dematerialization have been mutilated and cancelled only after due verification and that the name of the respective depository has been substituted as the registered owner in respect of those dematerialized equity shares. We further confirm that the securities comprised in the said certificates of equity shares have been listed on BSE Limited and National Stock Exchange of India Limited where the earlier issued securities are listed.01-04-2022