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 Ltd has notified BSE and NSE about newspaper advertisements published on 3rd June 2025 in Business Standard (English) and Mumbai Lakshadeep (Marathi) regarding the dispatch of notices to equity shareholders and secured creditors. The notices relate to meetings being convened pursuant to an NCLT Mumbai Bench order dated 26th May 2025. These meetings are connected to a composite scheme of arrangement amongst Piramal Enterprises, Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited), and their respective shareholders and creditors. This is a follow-up to the company's earlier intimation dated 2nd June 2025, and serves as a procedural compliance under SEBI Listing Regulations 30 and 51.
This is a procedural step in the ongoing corporate restructuring of Piramal Enterprises and Piramal Finance, moving the composite scheme of arrangement towards NCLT-convened shareholder and creditor voting. The scheme, if approved, could materially reshape the Piramal group's financial services structure and may affect shareholder value depending on the swap ratio and terms ultimately approved.