Piramal Finance Ltd approves amalgamation and NCD issuance; director resigns
Piramal Finance · Finance
Key highlights
- Approved scheme of amalgamation of Piramal Finance Ltd with wholly-owned subsidiaries PCTPL, PAOPL, and DIL, subject to NCLT and regulatory approvals
- Board authorized issuance of Redeemable Non-Convertible Debentures on private placement basis up to ₹15,000 crore between 1-Apr-2026 and 31-Mar-2027, to be listed on BSE and/or NSE
- Mr. Gautam Bhailal Doshi resigned as Non-Executive Independent Director effective 27-Mar-2026 due to personal reasons
Why it's rated major development: amount is ₹10,000 crore or more
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Meeting Updates
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More from Piramal Finance
- Fundraise / allotmentMajor developmentPiramal Finance Q2 standalone profit Rs. 529.21 crores vs Rs. 277.67 crores a year ago
- Financial resultsMajor developmentPiramal Finance approves unaudited Q2 and half-year results to September 30, 2026
- Fundraise / allotmentNotablePiramal Finance allots 82,94,000 warrants to promoter group firm Nithyam Realty
- Credit ratingNotablePiramal Finance Limited upgraded by Moody's from Ba3 to Ba2 on Sep 11, 2026
- Fundraise / allotmentNotablePiramal Finance Limited approves issuance of secured NCDs on private placement
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
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- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.