Event Details

The 42nd Annual General Meeting of Piramal Finance Limited was held on Thursday, 2nd July 2026 at 10:30 a.m. (IST) through Video Conferencing/Other Audio Visual Means. The meeting was convened by Notice dated 27th April 2026.

Scrutinizer Appointment

Bhaskar B. Upadhyay, Practicing Company Secretary (Membership No. FCS 8663), partner of N. L. Bhatia & Associates, was appointed as the Scrutinizer to conduct and scrutinize the remote e-voting and e-voting process.

Voting Process Details

  • Record date for determining voting rights: Thursday, 25th June 2026
  • Total number of shareholders on record date: 216,909
  • Remote e-voting period: Monday, 29th June 2026 (9:00 a.m. IST) to Wednesday, 1st July 2026 (5:00 p.m. IST)
  • Voting platform: National Securities Depository Limited (NSDL) at www.evoting.nsdl.com
  • Total paid-up equity share capital: 226,677,700 shares
  • Number of resolutions passed: 6

Voting Results Breakdown

Item No. 1: Ordinary Resolution - Adoption of Financial Statements

  • To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Votes in favor: 16,62,34,432 (99.8040% of valid votes)
  • Votes against: 3,26,380 (0.1960% of valid votes)
  • Number of members voted: 602 in favor, 16 against

Item No. 2: Ordinary Resolution - Declaration of Final Dividend

  • To declare final dividend on Equity shares for FY ended March 31, 2026
  • Votes in favor: 16,65,81,752 (99.9999% of valid votes)
  • Votes against: 191 (0.0001% of valid votes)
  • Number of members voted: 611 in favor, 8 against

Item No. 3: Ordinary Resolution - Re-appointment of Director

  • To appoint Mr. Anand Piramal (DIN: 00286085) who retires by rotation
  • Votes in favor: 15,70,57,897 (94.2833% of valid votes)
  • Votes against: 95,22,845 (5.7167% of valid votes)
  • Number of members voted: 576 in favor, 49 against

Item No. 4: Special Resolution - Re-appointment of Independent Director

  • Re-appointment of Mr. Suhail Nathani (DIN: 01089938) as Non-Executive Independent Director
  • Votes in favor: 14,17,88,300 (85.3387% of valid votes)
  • Votes against: 2,43,59,495 (14.6613% of valid votes)
  • Number of members voted: 435 in favor, 182 against

Item No. 5: Special Resolution - NCD Issuance

  • Issue of Non-Convertible Debentures on Private Placement Basis
  • Votes in favor: 16,39,03,826 (98.3933% of valid votes)
  • Votes against: 26,76,453 (1.6067% of valid votes)
  • Number of members voted: 571 in favor, 48 against

Item No. 6: Special Resolution - Loan Conversion Mechanism

  • Conversion of loan into equity or other capital of the Company in case of Event of Default
  • Votes in favor: 16,39,03,001 (98.3928% of valid votes)
  • Votes against: 26,77,268 (1.6072% of valid votes)
  • Number of members voted: 564 in favor, 54 against

Shareholder Category-wise Voting Details

Detailed breakdown by promoter group, public institutions, and public non-institutions is provided for each resolution, showing number of shares held, votes polled, and percentage calculations.

Document Certification

The report is signed by Bhaskar B. Upadhyay, Scrutinizer, and countersigned by Bipin Singh, Company Secretary of Piramal Finance Limited.