Hey @monu_maverick, I do the exact thing you are talking about. Try this, go into Distribution platform, fit a distribution, then in the distributions red arrow options choose capability analysis. From there change the spec limit fit from probability to K sigma. 3 will equal a ppk of 1 and 4 will equal 1.33. It will then output a spec limit and capability analysis for that K sigma level. If this works for you let me know and I'll post a script that will allow you to do this for multiple columns.
Here is the flow using the Semiconductor sample dataset
shampton82_0-1669054820110.png
Make sure to press the "calculate spec limits" button before you press okay (note I removed the spec limits that were loaded from the column property)
shampton82_1-1669054853378.png
Here are the suggested spec limits.
shampton82_2-1669054882196.png
The nice thing about using the "fit best" distribution option is that this method works for normal or non-normal distributions!
Hope this helps
Steve