Piramal Finance Limited secured shareholder approval for all six resolutions at its 42nd Annual General Meeting held on July 2, 2026, including the declaration of a final dividend of ₹11 per equity share for the financial year ended March 31, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements and the re-appointment of key directors. The voting results, overseen by scrutinizer Bhaskar B. Upadhyay of N. L. Bhatia & Associates, were submitted to the stock exchanges on July 3, 2026.

The adoption of the audited financial statements for FY26 received 99.80% approval, with 16,62,34,432 votes cast in favour. The resolution to declare the final dividend of ₹11 per share on equity shares of face value ₹2 each was passed with 99.9999% of valid votes. Shareholders also sanctioned the re-appointment of Mr. Anand Piramal as Director, who retires by rotation, with 94.28% of votes in favour.

Key Resolutions and Voting Outcomes

The special resolutions regarding capital restructuring also received the necessary majority. The issue of Non-Convertible Debentures on a private placement basis was approved by 98.39% of shareholders, while the resolution for the conversion of loans into equity in case of an event of default passed with 98.39% support. Mr. Suhail Nathani was re-appointed as a Non-Executive Independent Director with 85.34% of votes in favour.

Meeting Details

Remote e-voting was facilitated from June 29, 2026, to July 1, 2026, with a total of 2,16,909 shareholders on the record date of June 25, 2026. The meeting was attended by 18 members from the promoter group and 61 public shareholders via video conferencing. The statutory auditors' report contained no qualifications, observations, or adverse remarks.

Piramal Finance Limited has confirmed that its promoters and promoter group did not create any encumbrance on the company's shares or securities during the financial year 2025-26. The disclosure ensures shareholders that no shares held by the promoters were pledged or otherwise charged directly or indirectly during this period. This information is material as it indicates the financial standing of the promoters regarding their holdings in the company.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST"). The filing was submitted to BSE Limited and National Stock Exchange of India Limited on April 6, 2026, by Ajay Gopikisan Piramal on behalf of the promoter and promoter group.

The confirmation provides transparency regarding the promoter's shareholding structure. The absence of encumbrance suggests that the promoters have not utilized their shareholding as collateral for borrowing purposes during the specified financial year.