Description

Listing of 226,677,700 equity shares of Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) following amalgamation with Piramal Enterprises Limited on a 1:1 share exchange ratio.

Summary

NSE has approved the listing of 226,677,700 equity shares of Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited) pursuant to a Composite Scheme of Arrangement. The scheme involves the amalgamation of Piramal Enterprises Limited (Transferor Company) into Piramal Finance Limited (Transferee Company), approved by the National Company Law Tribunal, Mumbai Bench I on September 10, 2025.

Key Points

  • 226,677,700 equity shares of Rs. 2/- each will be listed on NSE
  • Share exchange ratio: 1:1 (One equity share of Piramal Finance Limited for every one equity share of Piramal Enterprises Limited)
  • Trading symbol: PIRAMALFIN
  • ISIN: INE202B01038
  • Face value and paid-up value: Rs. 2/- per share
  • Securities will initially trade in ‘BE’ (Trade for Trade) series, later to be shifted to ‘EQ’ series
  • Market lot: 1 share
  • Shares are pari passu with existing equity shares
  • No lock-in period applicable
  • Distinctive number range: 1 to 226677700

Regulatory Changes

The securities will be part of the pre-open session as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012. The securities will initially be available for trading in Series ‘BE’ and subsequently be shifted to Series ‘EQ’ as per SEBI circular no. SEBI/CIR/ISD/1/2010 dated September 2, 2010.

Compliance Requirements

  • Members must note the new security code and trading parameters
  • Trading will be conducted through the designated security code PIRAMALFIN
  • Initial trading will be in ‘BE’ (Trade for Trade) series with subsequent migration to ‘EQ’ series
  • The securities are admitted to dealings on the National Stock Exchange Capital Market segment

Important Dates

  • Circular Date: November 04, 2025
  • NCLT Approval Date: September 10, 2025
  • Effective Date for Listing: November 07, 2025
  • Circular Effective Date: November 07, 2025

Impact Assessment

This is a significant corporate restructuring event with high market impact. The amalgamation consolidates Piramal Enterprises Limited into Piramal Finance Limited, creating a unified entity. Existing shareholders of Piramal Enterprises Limited will receive shares of Piramal Finance Limited on a 1:1 basis. The listing of 226.68 million shares represents a substantial addition to the tradable securities. The initial Trade-for-Trade (BE series) classification indicates regulatory caution, with normal trading (EQ series) to follow later.

Company Contact Details

Registered & Corporate Office: Piramal Finance Limited 601, 6th Floor, Amiti Building, Agastya Corporate Park Kamani Junction, Opp. Fire Station, LBS Marg Kurla (W), Mumbai, 400070, Maharashtra Tel: +91 22 6918 1200 Website: www.piramalfinance.com Email: corporate.secretarial@piramal.com Contact Person: Mr. Bipin Singh

Registrar and Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited) C-101, 247 Park L B S Marg, Vikhroli (West) Mumbai 400083, Maharashtra Tel: +91 8108116767 Website: www.in.mpms.mufg.com Email: rnt.helpdesk@in.mpms.mufg.com Contact Person: Mr. Ashok Shetty

Impact Justification

Major corporate restructuring involving amalgamation of Piramal Enterprises Limited with Piramal Finance Limited, resulting in listing of 226.68 million new equity shares with 1:1 exchange ratio for existing shareholders.