Board Meeting27 Mar 2026, 03:27 pm
Piramal Finance Ltd. Board Meeting Approves Scheme of Amalgamation and Issuance of Redeemable, Non-Convertible Debentures
AI Summary
Piramal Finance Limited, formerly known as Piramal Capital & Housing Finance Limited, held a Board Meeting on 27th March 2026. The Board approved a scheme of amalgamation amongst the Company, Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited, subject to necessary approvals. The Board also approved the issuance of Redeemable, Non-Convertible Debentures on a private placement basis. Additionally, Mr. Gautam Bhailal Doshi resigned as a Non-Executive Independent Director due to personal reasons.
Key Highlights
- Approval of scheme of amalgamation involving Piramal Finance Limited and its subsidiaries.
- Issuance of Redeemable, Non-Convertible Debentures on a private placement basis.
- Resignation of Mr. Gautam Bhailal Doshi as a Non-Executive Independent Director.