PIRAMAL ENTERPRISES LTD.

Piramal Enterprises Limited (PEL) has announced a merger with Piramal Finance Limited (PFL), formerly known as Piramal Capital & Housing Finance Limited. The record date for allotting equity shares of PFL to eligible shareholders of PEL is 23 September, 2025. From this date, the securities of PEL will stop trading and shareholders of PEL will be allotted equity shares of PFL in the ratio of 1:1. PFL will make necessary applications to list these securities on the stock exchanges, which will be available for trading upon these approvals and listing. This change only applies to the securities issued by PEL, while existing debt securities of PFL will continue to trade on the stock exchanges.

Piramal Enterprises Ltd has announced the resignation of Mrs. Upma Goel, the Chief Financial Officer and Key Managerial Personnel, effective from the closure of business hours on 30th September, 2025. The decision comes in light of her career aspirations and pursuit of better opportunities outside the organization. Mrs. Goel has expressed her gratitude towards the Board for their support and guidance during her tenure. She will work towards ensuring a smooth transition of her responsibilities during her notice period.

Piramal Enterprises Ltd. has been assigned an ESG Score of 73.1 for the financial year 2025 under the 'Medium' ESG rating category by SES ESG Research Pvt. Ltd. The company has not engaged SES ESG Research Pvt. Ltd. for ESG Ratings, and the report has been independently prepared by them using publicly available information.

Piramal Enterprises Ltd has announced the effectiveness of the Composite Scheme of Arrangement amongst itself, Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited). Both companies have filed the certified copy of the order issued by the Hon’ble National Company Law Tribunal, Mumbai Bench, which approved and sanctioned the Scheme of Merger. The Scheme of Merger has become effective on 16 September 2025, leading to the merger of Piramal Enterprises with Piramal Finance and the dissolution of Piramal Enterprises without being wound up.

Piramal Enterprises Ltd has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for 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 companies have fixed 23rd September 2025 as the record date for the scheme. The NCLT order sanctioning the scheme is available on the company's website.

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.

Piramal Enterprises Ltd. announced the resignation of its Group General Counsel, Mr. Anand Vardhan, who has decided to pursue an opportunity outside the organization. Mr. Vardhan tendered his resignation, which will be effective from 8th August, 2025, and he will be relieved from his duties by the close of business hours on 29th September, 2025. Mr. Vardhan expressed his gratitude for the opportunity to be part of the management team and committed to ensuring a smooth transition before his departure.

Piramal Enterprises Ltd has been assigned an overall ESG Rating of 70 for FY 2025 under the 'Strong' ESG rating category by ESG Risk Assessments and Insights Limited. The rating was independently prepared by the agency using publicly available information, with no engagement from the company. This rating serves as an important recognition for the company's commitment to environmental, social, and governance (ESG) practices.

Piramal Enterprises Ltd has announced that it will consider raising funds by way of issue of Non-Convertible Debentures (NCDs) on Private Placement basis. The company will hold meetings of the Administrative Committee from 29th July 2025 to 31st March 2026 to consider and approve the issuance and allotment of NCDs, subject to market conditions.

Piramal Enterprises Ltd. has announced the resignation of Mrs. Upma Goel as Chief Financial Officer (CFO) and Key Managerial Personnel. Mrs. Goel has served the organization for four years and has decided to pursue her aspirations outside of the group. Her last day at the company is yet to be announced. The company is currently involved in a merger with Piramal Finance Limited (PFL), and upon successful completion, Mr. Vikash Singhla, the current CFO of PFL, will continue as the CFO of the merged entity.