Intimation of Notice of NCLT Convened Meeting of the Equity shareholders and Secured Creditors of the Company scheduled to be held on Friday, July 4, 2025
Awaiting price reaction for this filing.
Piramal Enterprises Limited (PEL) has announced NCLT-ordered meetings of its equity shareholders and secured creditors to consider a composite scheme of arrangement between PEL and Piramal Finance Limited (PFL), along with their respective shareholders. The equity shareholders' meeting is scheduled for July 4, 2025 at 10:00 a.m. IST, followed by the secured creditors' meeting at 11:30 a.m. IST, both via video conferencing. Remote e-voting will be available from July 1, 2025 (9:00 a.m.) to July 3, 2025 (5:00 p.m.) through NSDL. Notices were dispatched on June 2, 2025, following earlier intimations dated April 11, 2025 and May 28, 2025.
Shareholders and secured creditors will vote on the proposed composite scheme of arrangement between PEL and PFL. The outcome of these meetings is a key milestone for the scheme's progress and could materially affect the future structure of the company, making this an important event for PEL investors to track.