Pitti Engineering appoints MUFG Intime India as new Registrar & Share Transfer Agent
Pitti Engineering's board approved MUFG Intime India as the new Registrar & Share Transfer Agent, replacing XL Softech Systems. The effective date will be announced later.
The appointment of a new RTA is an administrative change aimed at improving shareholder service efficiency, which has a low direct impact on the company's financial performance or stock valuation.
The change in Registrar and Share Transfer Agent to a provider with advanced systems and wider reach aims to improve shareholder services, which is a positive operational step, but does not directly impact financial performance.
* Pitti Engineering Limited's Board of Directors, at its meeting held on 7th November 2025, approved the appointment of MUFG Intime India Private Limited (MUFG) as the new Registrar and Transfer Agent (RTA) for the company. * MUFG will replace the existing RTA, XL Softech Systems Limited. * The company is currently in the process of executing necessary agreements and transferring documents and records from XL Softech Systems Limited to MUFG. * During this interim period, XL Softech Systems Limited will continue to provide RTA services until the database and electronic connectivity are fully shifted to MUFG and confirmed by both depositories. * The effective date of transition and the tripartite agreement will be communicated to the Stock Exchanges within stipulated timelines. * The reason for the appointment of MUFG is its team of skilled professionals, electronic solutions for share-related services, strong digital system for shareholder queries and grievances, technologically advanced infrastructure, and wider reach to the company's shareholder base.
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Pitti Engineering Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Pitti Engineering Limited. Read the original for the full detail.