Piramal Enterprises Limited has informed the exchange regarding ''Intimation under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Filing ....
Awaiting price reaction for this filing.
Piramal Enterprises Ltd has filed a Company Petition (CA(CAA) 113 of 2025) with the NCLT Mumbai Bench on 8th July 2025, seeking sanction for its composite scheme of arrangement with Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) and their respective shareholders and creditors. The scheme, filed under Sections 230-232 of the Companies Act 2013, had earlier been approved by the requisite majority of equity shareholders and secured creditors of PEL in meetings held on 4th July 2025. This filing is the next procedural step toward obtaining formal court approval for the restructuring. The move follows earlier intimations dated 28th May, 4th July, and 5th July 2025 on the same scheme.
This is a procedural milestone indicating the restructuring between PEL and Piramal Finance is progressing on schedule toward NCLT approval. Shareholders should watch for the NCLT hearing date and final sanction order, which will be the key trigger for the scheme becoming effective.