Piramal Finance issued a corrigendum to its Extraordinary General Meeting (EGM) notice on September 11, 2026. The amendment clarifies the permissible investment options for proceeds from a proposed preferential issue.

The company is convening the EGM on September 19, 2026, at 11:00 am through video conferencing. The notice was originally dispatched to members on August 26, 2026.

Amendment Details

The corrigendum modifies the explanatory statement under the heading "Objects of the Preferential Issue." Specifically, it deletes the phrase "or mutual funds (overnight funds/ liquid funds)" from the second paragraph on page 11 of the original notice.

This change was made following advice received from the stock exchanges. The revised paragraph now restricts temporary investments for unutilized proceeds to:

• Fixed deposits in scheduled commercial banks included in the Second Schedule of the Reserve Bank of India Act, 1934
• Certificates of deposit in such banks
• Money market instruments approved by the Board, such as TREPS, CROMS, or T-Bills

Procedural Compliance

The company stated that the corrigendum forms an integral part of the EGM notice. All other contents of the original notice remain effective and unmodified. The document is available on the company website and stock exchange portals.

Bipin Singh, Company Secretary, signed the communication on behalf of the board.

Piramal Finance reported a 67% year-on-year increase in consolidated net profit to ₹461 crore for the quarter ended June 2026. The NBFC also announced it will host an analyst and institutional investor meeting on September 21, 2026.

**Piramal Finance** posted the results alongside an update on its asset under management (AUM) and operational metrics. The company’s growth book return on AUM (RoAUM) stood at 1.9%, up from 1.5% in the same period last year.

Financial Highlights

The lender saw significant improvement in its top-line and bottom-line figures compared to the previous fiscal period. Pre-provision operating profit (PPOP) surged by 89% to ₹804 crore, reflecting strong operating leverage as total income grew faster than operating expenses.

Net interest income expanded by 43% to ₹1,442 crore, supported by a 27% rise in interest income to ₹3,179 crore. Interest expense grew at a slower pace of 16% to ₹1,736 crore. Loan loss provisions increased by 127% to ₹460 crore, partly due to ECL rebalancing impacts noted in the prior year comparison.

What the Numbers Show

The divergence between total income growth (37%) and operating expense growth (10%) highlights the impact of scale efficiency. Operating expenses rose only marginally to ₹889 crore despite the substantial expansion in income, driving the sharp 89% jump in PPOP. This indicates that the cost-to-income ratio is improving significantly as the business scales.

Asset Growth and Mix

Total AUM grew by 25% year-on-year to reach ₹1,06,940 crore. Retail AUM, which constitutes the bulk of the portfolio, expanded by 32% to ₹91,249 crore. Wholesale lending AUM also saw robust growth of 27% to ₹13,238 crore.

The retail portfolio remains diversified across housing loans, loan against property (LAP), and unsecured products. Housing loans accounted for 31% of the retail mix, followed by LAP at 26%. The company maintained stable asset quality with gross NPA at 2.4%, down from 2.8% in Q1FY26.

Analyst Meeting Schedule

Pursuant to SEBI Listing Regulations, Piramal Finance has scheduled an interaction with investors:

• Date: September 21, 2026
• Event: Citi India Financials Investor Forum
• Venue: Virtual

The company noted that the date is subject to change based on exigencies. An investor presentation covering the Q1FY27 results was enclosed with the intimation.