Key Quantitative Figures

  • Number of shares allotted: 6,00,000 equity shares
  • Face value per share: ₹2
  • Total value of allotment: ₹12,00,000 (6,00,000 shares × ₹2)
  • Pre-allotment paid-up share capital: ₹47,32,60,612 (23,66,30,306 equity shares)
  • Post-allotment paid-up share capital: ₹47,44,60,612 (23,72,30,306 equity shares)
  • Increase in paid-up capital: ₹12,00,000
  • Distinctive numbers of allotted shares: From 236630307 to 237230306

Dates of Action

  • Committee meeting date: 6th November, 2026
  • Allotment date: 6th November, 2026
  • Previous regulatory filings: Statement under Regulation 10(b) filed with BSE on 31st December, 2025 and with NSE on 5th January, 2026

Parties Involved

  • Issuing Company: Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited)
  • Allottee: PFL Employee ESOP Trust
  • Stock Exchanges: BSE Limited (Scrip Code: 544597) and National Stock Exchange of India Limited (NSE Symbol: PIRAMALFIN)
  • Approving Authority: Committee of Directors (Administration, Authorisation & Finance)

Purpose and Rationale

The shares were allotted to the ESOP Trust under the Piramal Finance Limited Employees' Stock Ownership Plan 2025 (ESOP Scheme). The equity shares allotted to the ESOP Trust shall be transferred to or for the benefit of eligible employees upon exercise of their Options under the ESOP Scheme.

Capital Structure Impact

The allotment results in a dilution through the creation of new shares. The paid-up share capital increased from 23,66,30,306 equity shares to 23,72,30,306 equity shares.

Additional Notes on Share Capital

There is a difference between the issued share capital and paid-up share capital of the company. While the total issued shares after this issue are 23,72,54,879 equity shares (₹47,45,09,758), the paid-up share capital is 23,72,30,306 equity shares (₹47,44,60,612). This discrepancy of 24,573 equity shares is due to shares kept in abeyance since February 2018 under the Rights Issue of Piramal Enterprises Limited (now merged with the company).

Share Characteristics

The allotted shares are identical in all respects to existing shares and rank pari passu with them. There is no lock-in period applicable to these shares, and no premium was charged on the allotment (exercise price: ₹2 per share).