Piramal Enterprises Limited has informed the Exchange about Fund Raising through issuance of Non-Convertible Debentures on Private Placement Basis
Awaiting price reaction for this filing.
Piramal Enterprises' board approved its Q1 FY26 (quarter ended 30 June 2025) unaudited standalone and consolidated results. On a consolidated basis, total income rose to Rs. 2,693.53 crore from Rs. 2,249.09 crore a year earlier, while profit after tax jumped to Rs. 276.37 crore from Rs. 181.48 crore; basic EPS stood at Rs. 12.22. Standalone PAT was Rs. 162.43 crore versus Rs. 228.07 crore last year, with total income of Rs. 500.88 crore. Separately, the board cleared a fundraise of up to Rs. 1,000 crore through redeemable, listed Non-Convertible Debentures (NCDs) on a private placement basis, to be issued in one or more tranches between 29 July 2025 and 31 March 2026. During the quarter, PEL had already raised Rs. 465 crore via NCDs in five tranches, all fully utilised. PEL also infused Rs. 700 crore into its wholly owned subsidiary Piramal Finance via a rights issue.
The NCD issuance up to Rs. 1,000 crore will expand Piramal Enterprises' debt base but is a routine part of its NBFC/HFC funding mix; coupon and tenure are yet to be decided. The strong consolidated PAT growth and improving subsidiary earnings support the ongoing merger of PEL into Piramal Finance, which is pending NCLT approval.