Piramal Finance Limited has allotted 82,94,000 warrants to its promoter group entity, Nithyam Realty Private Limited, on a preferential basis. The allotment carries an aggregate consideration of ₹1,750.03 crore.

The Committee of Directors (Administration, Authorisation & Finance) approved the allotment at a meeting held on October 5, 2026. This action follows prior approvals from the Board of Directors and shareholders, as well as in-principle clearances from stock exchanges.

Allotment Details

The warrants were issued to Nithyam Realty Private Limited, classified under the Promoter Group category. The subscriber paid 25% of the aggregate consideration at the time of allotment.

Regulatory Compliance and Timeline

This disclosure is made under Regulation 30 of the SEBI Listing Regulations. The process involved several key steps:

1. Board approval received on August 24, 2026.
2. Special resolution passed by shareholders at an Extraordinary General Meeting on September 19, 2026.
3. In-principle approvals from the National Stock Exchange of India Limited and BSE Limited received on September 29, 2026.
4. Final allotment approved by the Committee of Directors on October 5, 2026.

The company previously operated as Piramal Capital & Housing Finance Limited. The information regarding this allotment is also available on the company's website.

Piramal Finance Limited announced that Viral Gandhi, President and Group Chief Information Officer, will cease to be a Senior Management Personnel of the company effective September 30, 2026. The move marks his transition to a new role within the broader Piramal Group.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations. The filing confirms that Gandhi’s cessation from the senior management cadre of the housing finance arm will take effect at the close of business hours on the specified date.

Regulatory Disclosure Details

The company filed an intimation with both BSE and NSE regarding the change in leadership structure. The regulatory submission highlights that the departure is not due to resignation or removal, but rather an internal reallocation of responsibilities within the group conglomerate.

The filing further noted that details required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 were enclosed in the annexure. As this is a cessation rather than an appointment, brief profile disclosures and director relationship declarations were marked as not applicable.