Notice of the 78th Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Piramal Enterprises has filed the notice for its 78th AGM scheduled for Monday, 30th June 2025 at 3:00 PM via video conferencing, along with its inaugural Integrated Annual Report for FY2024-25. The company delivered a strong turnaround with a consolidated net profit of ₹485 crore in FY25, swinging from a ₹1,684 crore loss in FY24, supported by 17% YoY growth in consolidated AUM to ₹80,689 crore and 35% YoY growth in retail AUM to ₹64,652 crore. The legacy wholesale book was reduced to ₹6,920 crore (from ₹14,572 crore), and secured loans now form 78% of the retail portfolio with stable asset quality (GNPA at 2.8%). A dividend payout of ₹248 crore has been proposed for shareholder approval at the AGM. Management has guided for FY26 total AUM to exceed ₹1 lakh crore (25% YoY) and consolidated PAT of over ₹1,300 crore, while the merger with Piramal Finance Ltd awaits final NCLT approval, expected around September 2025.
Positive for shareholders — the AGM will formalize the proposed ₹248 crore dividend, the return to profitability and FY26 guidance of ₹1,300+ crore PAT signal a strong earnings trajectory, and the near-completion of the PEL-Piramal Finance merger will create a simplified, upper-layer NBFC structure with potential value unlocking from embedded tax shields and balance sheet assets.