Change in Director / Key Managerial Personnel

Nature of change: Cessation of a Senior Management Personnel (SMP).

Name and DIN of the individual: Mr. Viral Gandhi. A DIN (Director Identification Number) is not provided as he was not a director but a member of the Senior Management.

Effective date and tenure: The cessation is effective from the close of business hours on 30th September 2026. No specific tenure for his previous role is disclosed.

Brief profile and relevant qualifications: Not provided in the disclosure for this cessation event.

Confirmation of eligibility under SEBI/BSE/NSE norms: The filing itself is made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, confirming regulatory compliance for the disclosure.

Relationship with other directors: Not disclosed, as the change involves a management personnel, not a director.

Previous KMP: Mr. Viral Gandhi held the position of President & Group Chief Information Officer. He is ceasing from this role to transition to a new position within the Piramal Group.

Potential financial impact: The disclosure does not provide any information on the potential financial impact of this management change on continuity, decision-making, or operational direction.

Key Financial or Operational Approvals

This section is not applicable to the provided data. The disclosure solely concerns a change in senior management personnel and does not contain information on financial results, fundraising, acquisitions, capital expenditures, or auditor opinions.

Strategic or Business Context

This section is not applicable to the provided data. The disclosure does not contain any commentary on business outlook, risks, trends, segment-wise insights, or changes in business strategy.

Any Other Material Information

The disclosure is formatted as a formal intimation to the BSE Limited (Scrip Code: 544597) and the National Stock Exchange of India Limited (NSE Symbol: PIRAMALFIN).

It is signed by Mr. Bipin Singh, Company Secretary of Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited), and is dated 30th September 2026.

The reason for the cessation is explicitly stated as a transition to a new role within the Piramal Group, indicating an internal movement rather than an exit from the organization.