Piramal Enterprises Ltd Receives Order for Composite Scheme of Arrangement from NCLT

Piramal Enterprises Ltd has received an order from the Hon'ble NCLT, Mumbai Bench approving the Composite Scheme of Arrangement with Piramal Finance Limited. The scheme, which involves the merger of Piramal Enterprises into Piramal Finance, has received all necessary regulatory approvals. The Record Date has been fixed as 23rd September 2025. The scheme is a result of Piramal Finance's conversion from a Housing Finance Company to a Non-Banking Financial Company - Investment and Credit Company, which required it to be listed within three years as per RBI regulations. The scheme aims to arrange the transfer of assets and liabilities from Piramal Enterprises to Piramal Finance, adjust the debit balance of the arrangement adjustment reserve account, and address other consequential matters.