An Extraordinary General Meeting (EGM) of Piramal Finance Limited was held on Saturday, 19th September, 2026 at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

Meeting Proceedings

Mr. Anand Piramal, Chairman of the Company, was deemed interested in the resolution and did not attend the meeting. Mr. Jairam Sridharan, Managing Director & CEO, was appointed as Chairman of the Meeting. Other directors present included Mr. Asheet Mehta (Independent Director), Mr. Rajiv Mehrishi (Chairman of Audit Committee and Stakeholders Relationship Committee), Mr. Suhail Nathani (Chairman of Nomination and Remuneration Committee), and other directors.

The meeting had requisite quorum and was called to order. Live proceedings were made available on the e-voting website of National Securities Depository Limited (NSDL).

Voting Process

Remote e-voting facility was provided to members from Wednesday, 16th September 2026 at 9:00 a.m. IST until Friday, 18th September, 2026 at 5:00 p.m. IST. E-voting was also made available during the EGM for members who had not cast their vote through remote e-voting.

Mr. Bhaskar Upadhyay (failing him Mr. Bharat R. Upadhyay) of N L Bhatia & Associates, Practicing Company Secretaries, were appointed as Scrutinizers to scrutinize the remote e-voting and e-voting process during the EGM.

Resolution Passed

The following special resolution was passed with requisite majority:

  • Item No. 1: Approval to raise capital by way of issuance of warrants convertible into equity shares through a preferential issue on a private placement basis to Nithyam Realty Private Limited, belonging to the Promoter Group of the Company. The aggregate amount is Rs. 1,750,03,40,000 (Rupees One Thousand Seven Hundred and Fifty Crore Three Lakh Forty Thousand only).

Meeting Conclusion

The Chairman invited registered speakers to express views and ask questions on the resolution. Members were informed that voting results along with the consolidated Scrutinizer's report would be disseminated to stock exchanges and placed on the company's website and NSDL website within prescribed statutory timelines. The EGM concluded at 11:35 a.m. IST.