Intimation under Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 - Newspaper Advertisement regarding dispatch of Notice to Equity shareholders ....
Awaiting price reaction for this filing.
Piramal Enterprises Limited (PEL) submitted an intimation to BSE and NSE under SEBI LODR Regulations 30 and 51 on 3rd June 2025, attaching copies of newspaper advertisements published that day in Business Standard (English) and Mumbai Lakshadeep (Marathi) in Maharashtra. The advertisements notify Equity Shareholders and Secured Creditors about a meeting convened pursuant to the NCLT Mumbai Bench order dated 26th May 2025 (Company Petition No. CP(CAA) 113/2025). The meeting relates to a composite scheme of arrangement between PEL, Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited), and their respective shareholders and creditors, under Sections 230-232 of the Companies Act, 2013. The filing was signed by Bipin Singh, Company Secretary.
This is a procedural disclosure notifying PEL shareholders and creditors of the upcoming NCLT meeting to consider the composite scheme of arrangement with Piramal Finance Limited — shareholders should watch for the meeting date, voting instructions, and timeline for scheme approval as it could materially reshape PEL's structure.