PITTI ENGINEERING LIMITED — AGM Information 2024

Sep 20, 2024

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20[th] September 2024

To BSE Limited Floor 25, P J Towers, Dalal Street Mumbai – 400 001 Scrip Code: 513519

To National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai – 400 051

Scrip Code: PITTIENG

Dear Sir,

Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings of the 40[th] Annual General Meeting (AGM) held on Friday, 20[th] September 2024

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In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a summary of the proceedings of the 40[th] Annual General Meeting of the Company held on Friday, 20[th] September 2024 at 4:00 PM, IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM) is enclosed for your reference.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Pitti Engineering Limited

Digitally signed by MARY MARY MONICA MONICA BRAGANZA BRAGANZA Date: 2024.09.20 22:03:43 +05'30'

Mary Monica Braganza Company Secretary & Chief Compliance Officer FCS 5532

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Summary of the Proceedings of the 40[th] Annual General Meeting

The 40[th] Annual General Meeting (AGM) of the Members of Pitti Engineering Limited was held at 4.00 PM IST on Friday, 20[th] September 2024 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) and concluded at 4:37 PM (IST)

Proceedings in Brief:

Ms. Mary Monica Braganza, Company Secretary & Chief Compliance Officer, welcomed the Members to the 40[th] AGM of the Company. She further informed the Members that the 40[th] AGM of Company is being held through VC/OAVM in accordance with the circulars issued by Ministry of Corporate Affairs and SEBI. She then informed the Members of the procedure for participation in the meeting. After ensuring that the requisite quorum was present, she requested Shri Sharad B Pitti, Founder & Chairman of the Company, to commence the proceedings of the meeting.

Shri Sharad B Pitti, Founder & Chairman welcomed the Directors and Members and further added that the Statutory Auditors, the Secretarial Auditor and Scrutinizer for the e-voting were present for the AGM through VC/OAVM from their respective locations. All the Directors were present for the AGM.

The Chairman informed the Members that the Statutory Registers maintained under the Companies Act, 2013 and other documents required for inspection of the Members under the Act and Secretarial Standards were available for electronic inspection.

The Notice of the AGM, since already circulated, was taken as read and the Chairman informed the Members that the Auditors' Report and Secretarial Audit Report did not contain any qualifications or observations, accordingly as per the provisions of the Act the said reports were not read. He also informed that as the AGM was held through VC/ OAVM, the facility for appointment of proxies by the members was not available.

The Chairman then delivered his speech after which the Company Secretary & Chief Compliance Officer informed the Members that:

• The Company had provided remote E-voting facility to the Members to exercise their vote in respect of business proposed in the 40[th] AGM through National Securities Depository Limited (NSDL). The remote E-voting commenced on 17[th] September 2024 at 9 a.m IST and ended on 19[th] September 2024 at 5 p.m IST.

• E-voting at the meeting was activated and Members as on cut-off date, that is 13[th] September 2024, who have not exercised their vote through remote E- voting and participating in this

MARY Digitally signed by MARY MONICA MONICA BRAGANZA Date: 2024.09.20 BRAGANZA 22:04:13 +05'30'

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AGM through VC are entitled to vote during this meeting through E-voting facility provided by NSDL. The e-voting facility will remain active for 15 minutes after the conclusion of the meeting.

• All resolutions proposed in the 40[th] AGM shall be decided through E-voting only. There will be no proposing or seconding of the resolutions.

• Mr. Ajay Kishen, Practicing Company Secretary was appointed as the Scrutinizer for the remote E-voting and E-voting done during the 40[th] AGM.

• The results along with scrutinizer’s report will be submitted to the stock exchanges not later than two working days from the conclusion of the meeting and the same will be available on the website of the company and on E-voting platform of NSDL.

The Members who had registered as Speaker Shareholders were invited one by one to pose their questions. Shri Akshay S Pitti, MD & CEO replied to the queries of the Members.

The Members voted through remote e-voting and e-voting during the 40[th] AGM on the following business as given in the notice of the 40[th] AGM dated 14[th] August 2024:

Ordinary Business:

1. Adoption of (a) the audited financial statements of the Company for the financial year ended 31[st] March 2024 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statements of the Company for the financial year ended 31[st] March 2024 and the report of the Auditors thereon.

2. Declaration of final dividend on equity shares of the Company for the year ended 31[st] March 2024.

3. Re-appointment of Shri Akshay S Pitti, (DIN:00078760) as Director who retires by rotation.

Special Business:

1. Ratification of payment of remuneration to the cost auditors for the financial year 2024-25.

2. Appointment of Shri Vinod Kumar Nagururu (DIN 00121111) as an Independent Director.

3. Appointment of Ms.Kemisha Soni (DIN 06805708) as an Independent Director.

MARY Digitally signed by MARY MONICA MONICA BRAGANZA Date: 2024.09.20 BRAGANZA 22:04:49 +05'30'

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1. Appointment of Ms.Priti Paras Savla (DIN 00662996) as an Independent Director.

Shri Sharad B Pitti, Founder & Chairman thanked the Members for joining the meeting through VC/OAVM. He once again requested the Members who have not exercised their vote through remote e-voting to cast their vote through e-voting which will remain open for 15 minutes after the conclusion of the meeting and authorized Ms. Mary Monica Braganza, Company Secretary and Chief Compliance Officer to declare the combined voting results. He then declared the 40[th] Annual General Meeting of the Company as concluded at 4:37 PM.

HS

MARY Digitally signed by MARY MONICA MONICA BRAGANZA Date: 2024.09.20 BRAGANZA 22:05:11 +05'30'

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