Nature of the Disclosure

This is a regulatory filing pursuant to SEBI Listing Regulations 30 and 51, containing a Notice of Postal Ballot sent to shareholders to seek approval for a special resolution to raise capital.

Key Quantitative Figures

The company proposes to raise capital aggregating up to ₹4,000 crore (Rupees Four Thousand crore only).

Dates of Action

  • Cut-off Date for determining members eligible to vote: Friday, 10th July, 2026.
  • Remote E-voting Period: Commences at 9:00 a.m. IST on Sunday, 19th July, 2026, and concludes at 5:00 p.m. IST on Monday, 17th August, 2026.
  • The resolution, if approved, shall be deemed passed on the last date of e-voting: Monday, 17th August, 2026.
  • Result Declaration: The results of the postal ballot along with the Scrutinizer's report will be announced on or before Wednesday, 19th August, 2026.

Parties Involved

  • Registrar and Share Transfer Agent (RTA): MUFG Intime India Private Limited.
  • E-voting Service Provider: National Securities Depository Limited (NSDL).
  • Scrutinizer: Mr. Bhaskar Upadhyay, Practicing Company Secretary (Membership No. 8663, FCS: 9625) of N L Bhatia & Associates. Mr. Bharat Upadhyay (Membership No. 5436, FCS: 4457) is named as the alternate.
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited (NSE).

Purpose / Rationale

The proceeds from the proposed capital raise (after adjustment of issue expenses) are intended for:

1. Augmentation of the Company's capital to meet future capital requirements for onward lending.

2. Supporting the growth of its assets under management (AUM).

3. Maintaining its capital adequacy ratios.

4. Any other general corporate purposes as permissible under applicable law.

Pending utilization, the net proceeds may be invested in creditworthy instruments, government securities, debt mutual funds, and deposits with scheduled commercial banks.

Capital Structure Impact

The resolution, if passed, will authorize the Board to issue various securities, which could lead to dilution of existing shareholding:

  • Types of Securities: Equity shares, convertible securities (preferential shares, debentures, warrants), non-convertible debentures with warrants, or other equity-linked securities, or any combination thereof.
  • Methods of Issuance: Qualified Institutions Placement (QIP), preferential allotment, private placement, rights issue, or any other permitted method, or a combination, in one or more tranches.
  • Pricing: For a QIP, the price will be at or above the Floor Price determined as per SEBI ICDR Regulations, with a possible discount of up to 5%.
  • Ranking: Equity shares allotted will rank pari passu with existing equity shares in all respects. partly-paid shares will rank pari passu once fully paid up.
  • The Board is granted absolute discretion to finalize all terms, including the specific type of issuance, investors, price, and number of securities.

Voting Instructions

The notice includes extensive instructions for shareholders to vote electronically via the NSDL platform. Detailed guidelines are provided for shareholders holding shares in both demat and physical form.

Availability of Documents

The Notice and Explanatory Statement are available on the company's website (www.piramalfinance.com), the websites of the stock exchanges (BSE and NSE), and the NSDL e-voting website. All referred documents will be available for electronic inspection until the last day of e-voting (17th August, 2026) upon request sent to corporate.secretarial@piramal.com.