Newspaper Advertisement regarding final hearing before the Hon''ble National Company Law Tribunal, Mumbai Bench seeking sanction to the Composite Scheme of Arrangement amongst Piramal Enterprises ....
Awaiting price reaction for this filing.
Piramal Enterprises Ltd has informed the stock exchanges about newspaper advertisements published on 24th July 2025 in Business Standard, Jansatta, and Navshakti, notifying stakeholders of the final hearing before the NCLT Mumbai Bench. The hearing, scheduled for 22nd August 2025, is for seeking sanction to the Composite Scheme of Arrangement amongst Piramal Enterprises Ltd, Piramal Finance Ltd, and their respective shareholders and creditors. This filing follows NCLT orders dated 11th July 2025 and 18th July 2025 directing such publication. The disclosure is made under SEBI Listing Regulations 30 and 51.
This is a procedural update ahead of the NCLT's final approval hearing. A successful sanction of the scheme could reshape the corporate structure between Piramal Enterprises and its financial services arm Piramal Finance, potentially affecting how the businesses are valued and reported. Investors should watch for the outcome of the 22nd August hearing.