Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Disclosure under Regulation 30 read with Regulation 30A of SEBI Listing Regulations - Outcome of Board Meeting regarding proposed investment in material subsidiaries
Date of Board Meeting / Approval: September 23, 2026
Audit Opinion: Not Specified
Auditor's Comment: Not Specified
Key Financial Highlights:
Standalone Results: Not Specified
Consolidated Results: Not Specified
Segment-wise Performance:
Financial contributions of subsidiaries for FY 2025-26 (Audited):
- Brahma AI Holdings Limited (BHL): Turnover - Nil; Net worth - INR 1,863.99 Crores (76.37% of PFL's consolidated net worth)
- Brahma AI Services India Limited (Brahma India): Turnover - INR 202.84 Crores (4.34% of PFL's consolidated turnover); Net worth - INR 302.07 Crores (12.38% of PFL's consolidated net worth)
Corporate Actions:
- Multiples Private Equity Gift Fund IV to subscribe to compulsorily convertible preference shares (CCPS) of Brahma AI Holdings Limited for USD 54,356,600
- Multiples Private Equity Fund IV to subscribe to CCPS of Brahma AI Services India Limited for USD 45,643,400 (INR equivalent)
- Total investment: USD 100 million
- Broader fundraising round target: USD 150 million
- BHL's lead placement agent reported indications of demand and order confirmations exceeding USD 150 million from global investors
Other Significant Information:
- Transaction documents executed on September 23, 2026
- Completion subject to conditions precedent including shareholder approval
- Contemplated exchange of CCPS held by Multiples in Brahma India for shares of BHL after regulatory approvals
- Upon completion, BHL will become 100% shareholder of Brahma India
- Multiples' collective shareholding at BHL will be 5% with 10.9% voting rights
- Separation arrangements to enable Brahma Group to operate as standalone entity separate from DNEG Group