Piramal Enterprises Limited has informed the Exchange about 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 limited, Piramal Finance Limited and their respective shareholders and creditors.
Awaiting price reaction for this filing.
Piramal Enterprises Limited has informed the stock exchanges about newspaper advertisements published on July 24, 2025 regarding the final hearing of its Composite Scheme of Arrangement. The ads appeared in Business Standard (English), Jansatta (Hindi), and Navshakti (Marathi). The final hearing before the Hon'ble NCLT Mumbai Bench has been scheduled for August 22, 2025, where the tribunal will consider granting sanction to the scheme. The scheme involves Piramal Enterprises, Piramal Finance Limited, and their respective shareholders and creditors. The filing is being made under SEBI Listing Regulations 30 and 51, following NCLT orders dated July 11 and July 18, 2025.
This is a procedural compliance update rather than a new corporate action. Shareholders should watch the August 22 NCLT hearing outcome, as approval of the composite scheme could reshape the corporate structure of Piramal Enterprises and Piramal Finance.