Piramal Finance Ltd. Allows Rs. 10,110 Crore Tax Loss for FY 2023-24

Piramal Finance Ltd. has received an income tax assessment order for AY 2024-25, allowing a tax loss of Rs. 10,110 crore in relation to the return of income filed by the Company for FY 2023-24. This order brings the cumulative assessed tax losses to approximately Rs. 24,600 crore. This disclosure is made as a matter of abundant caution and should be taken on record.