Piramal Finance Ltd

Piramal Finance Limited announced a significant capital raise of ₹3,850 crore, comprising ₹2,100 crore from a Qualified Institutions Placement (QIP) and a proposed ₹1,750 crore preferential allotment of warrants to the promoter group. The QIP saw strong participation from leading domestic and global investors, including ICICI Prudential Mutual Fund, Nippon India Mutual Fund, BlackRock, and Goldman Sachs Asset Management. The funds raised will be used to strengthen the company's balance sheet and capital base, supporting its retail-led growth strategy. This capital infusion is part of a broader program announced earlier and aims to enhance capacity for diversified lending while maintaining a strong capital buffer and prudent risk profile.

Piramal Finance Ltd has successfully completed a Qualified Institutions Placement (QIP), allotting 99,52,606 equity shares to Qualified Institutional Buyers at an issue price of ₹2,110 per share. This issuance, which opened on August 24, 2026, and closed on August 28, 2026, has raised a total of ₹20,999.99 crore. The face value of each share is ₹2, with a premium of ₹2,108 per share. Following this allotment, the company's paid-up equity share capital has increased from ₹45.34 crore to ₹47.33 crore. The QIP was approved by the Committee of Directors (Administration, Authorisation & Finance) of the Board of Directors.

Piramal Finance Ltd has announced the closure of its Qualified Institutions Placement (QIP) issue on August 28, 2026. The Committee of Directors approved the allocation of 99,52,606 equity shares at an issue price of ₹2,110 per share. This includes a premium of ₹2,108 per share, determined as per SEBI ICDR Regulations. The company also approved and adopted the placement document dated August 28, 2026, and finalized the confirmation of allocation notes to be sent to eligible QIBs. The placement aims to raise capital under SEBI regulations and the Companies Act, 2013.

Piramal Finance Ltd has announced an Extraordinary General Meeting (EGM) scheduled for September 19, 2026. The primary agenda is to seek shareholder approval for a preferential issue of warrants convertible into equity shares. This private placement aims to raise capital up to ₹1750.03 crore from Nithyam Realty Private Limited, a promoter group entity. The meeting will be conducted via Video Conferencing/Other Audio Visual Means.

Piramal Finance Ltd's Committee of Directors has approved a Qualified Institutional Placement (QIP) of equity shares. The meeting held on August 24, 2026, authorized the opening of the issue on the same day. The floor price for the QIP has been set at ₹2102.65 per equity share, determined according to SEBI ICDR Regulations. A preliminary placement document has been filed with BSE and NSE. The company may offer a discount of up to 5% on the floor price at its discretion. The trading window for designated persons remains closed.

Piramal Finance Ltd announced that its Board of Directors has approved the Unaudited Condensed Standalone and Consolidated Interim Financial Statements for the quarter ended June 30, 2026. The approval was granted at a board meeting held on August 24, 2026. These statements include comparative information and are prepared in accordance with Indian Accounting Standard 34 'Interim Financial Reporting'. The company intends to use these statements for capital raising activities, such as qualified institutions placement, rights issue, preferential allotment, or private placement, following a special resolution passed by shareholders on August 17, 2026. The financial statements have undergone a limited review by independent auditors, Singhi & Co. and Lodha & Co. LLP, who confirmed that nothing came to their attention to suggest non-compliance with accounting standards.

Piramal Finance Ltd's Board of Directors has approved a preferential issue of up to 82,94,000 warrants to Nithyam Realty Private Limited, a promoter group entity. The issue, amounting to ₹1,750.03 crore, involves warrants convertible into equity shares at ₹2,110 per warrant. The company has also executed an investment agreement with the subscriber and will convene an Extra-ordinary General Meeting (EGM) on September 19, 2026, to seek shareholder approval. This move is subject to requisite statutory and regulatory approvals.

Piramal Finance Ltd's Board of Directors has approved a preferential issue of up to 82,94,000 warrants to Nithyam Realty Private Limited, a promoter group entity. The issue, amounting to ₹1,750.03 crore, carries a right to subscribe to one fully paid-up equity share at ₹2,110 per warrant. The company will hold an Extra-ordinary General Meeting (EGM) on September 19, 2026, to seek shareholder approval. An investment agreement has also been executed with the subscriber.

Piramal Finance Ltd has announced that its Board of Directors will convene on August 24, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of eligible securities via preferential allotment. This move is subject to market conditions and necessary regulatory approvals. The Board will also discuss convening a shareholders' meeting to seek approval for this fund-raising initiative. Concurrently, the company has closed its trading window for designated persons and their relatives, in compliance with SEBI regulations on insider trading, effective immediately until further notice.

Piramal Finance Ltd. has been assigned an overall ESG Rating of 'Crisil ESG 68' under the 'Strong' category and a Core ESG Rating of 'Crisil ESG 72' for FY 2026 by Crisil ESG Ratings & Analytics Ltd. The ratings were independently prepared by Crisil using publicly available information, as the company had not engaged Crisil for this purpose. This independent assessment provides an external perspective on Piramal Finance's environmental, social, and governance performance.