Key Resolution and Outcome

The single resolution put to vote was a Special Resolution seeking approval from members to raise capital. The resolution was to "Approval to raise capital by way of qualified institutions placement(s), rights issue, preferential allotment or a private placement(s) and/or any combination thereof to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs. 4,000 crore."

The resolution was passed with a requisite majority. The e-voting concluded on Monday, 17th August 2026, and the results were declared on 18th August 2026.

Detailed Voting Results

The total number of shareholders on the record date (10th July 2026) was 2,03,721.

The total number of shares outstanding was 22,66,77,700.

The total number of votes polled was 17,34,21,806, representing 76.5059% of the outstanding share capital.

The resolution received 17,33,61,134 votes in favor (99.9650% of votes polled) and 60,672 votes against (0.0350% of votes polled).

Category-wise Voting Breakdown:

  • Promoter and Promoter Group: Held 10,46,35,805 shares. Voted 10,46,34,416 shares (99.9987% of their holding), all (100%) in favor.
  • Public Institutions: Held 7,72,56,735 shares. Voted 6,24,59,641 shares (80.8469% of their holding). 6,24,12,327 votes (99.9242%) were in favor and 47,314 votes (0.0758%) were against.
  • Public Non-Institutions: Held 4,47,85,160 shares. Voted 63,27,749 shares (14.1291% of their holding). 63,14,391 votes (99.7889%) were in favor and 13,358 votes (0.2111%) were against.

Process and Scrutiny

Mr. Bhaskar Upadhyay (FCS: 8663, CP No.: 9625), a Practicing Company Secretary from N L Bhatia & Associates, was appointed as the Scrutinizer for the postal ballot process via a board resolution dated 16th July 2026.

The remote e-voting facility was provided by NSDL. The voting period commenced at 9:00 a.m. IST on Sunday, 19th July 2026, and ended at 5:00 p.m. IST on Monday, 17th August 2026.

The Scrutinizer's report confirms that 1,220 members cast their votes through the e-voting system. Of these, 1,156 members voted in favor of the resolution, and 64 members voted against.

The Scrutinizer certified that the resolution was duly passed and declared the result.

Additional Information

The notice of the postal ballot was dated 16th July 2026. The company had previously intimated the exchanges about this process on 17th July 2026.

The complete Voting Results and Scrutinizer's Report are available on the company's website at www.piramalfinance.com.

The letter is signed by Bipin Singh, Company Secretary of Piramal Finance Limited.