Piramal Finance Limited has completed the relocation of its registered office address, marking a significant administrative update for the financial services company. The change became effective on 30th April 2026, following formal board approval and regulatory compliance procedures.

Board Approval and Timeline

The Board of Directors of Piramal Finance Limited approved the registered office address change during their meeting held on 27th April 2026. The company subsequently implemented this change with effect from 30th April 2026, ensuring a swift transition within three days of board approval.

Address Change Details

The company has relocated its registered office while maintaining the same physical premises. The key change involves the corporate park designation:

Regulatory Compliance

Piramal Finance Limited has fulfilled its disclosure obligations by informing both major stock exchanges about this change. The company communicated this update to BSE Limited and National Stock Exchange of India Limited under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notification was digitally signed by Bipin Singh, Company Secretary, ensuring proper authorization and documentation of the address change. This administrative update reflects the company's commitment to maintaining accurate corporate records and regulatory compliance.

Company Background

Piramal Finance Limited, formerly known as Piramal Capital & Housing Finance Limited, operates from its updated registered office address. The company maintains its secretarial department on the 5th Floor of the same Amiti Building within Piramal Corporate Park, ensuring operational continuity during this transition. The company can be reached at corporate.secretarial@piramal.com and maintains its corporate website at www.piramalfinance.com .

Jefferies has issued a Hold rating on Piramal Finance with a target price of ₹1,940, reflecting a mixed outlook for the financial services company. The brokerage's assessment comes after analyzing the company's recent quarterly performance and future growth prospects.

Q4 Performance Challenges

Piramal Finance reported a sharp adjusted loss in Q4, primarily attributed to large legacy provisions that overshadowed other positive developments. Despite these provisions impacting profitability, the company demonstrated resilience in key operational metrics.

Growth Drivers for FY26-28

Jefferies expects significant improvement in Piramal Finance's performance during the FY26-28 period, driven by several key factors:

• Retail AUM Growth: Expected expansion in retail assets under management
• Cost of Funds: Anticipated reduction in funding costs
• Operational Efficiency: Improved operational expenses (opex)

These factors are projected to contribute to enhanced profitability and operational performance over the medium term.

Valuation and Profitability Outlook

Despite the positive growth drivers, Jefferies notes that upside potential remains limited due to valuation and profitability concerns:

The brokerage considers these profitability metrics subdued, which constrains the stock's upside potential despite expected operational improvements.

Investment Recommendation

Jefferies' Hold rating reflects a balanced view of Piramal Finance's prospects. While the company faces near-term challenges from legacy provisions and subdued profitability metrics, the expected improvements in retail AUM growth and cost optimization provide a foundation for gradual recovery. The ₹1,940 target price suggests limited upside from current levels, making it suitable for investors seeking stable exposure to the financial services sector with modest growth expectations.