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.

Piramal Finance reported a 210% year-on-year increase in consolidated net profit to ₹1,506 Cr for the financial year ended March 31, 2026 (FY26), driven by robust expansion in its retail lending portfolio and improved asset quality. Total AUM grew 25% YoY to ₹1,01,230 Cr, successfully completing the company's transition to a growth-oriented business mix. The firm met its FY26 targets, achieving a Growth Profit Before Tax (PBT) of ₹1,560 Cr, and secured several credit rating upgrades, including an upgrade to AA+ / Stable from AA / Stable by domestic agencies in February and March 2026. Looking ahead, the company has set ambitious FY27 targets of approximately 25% growth in total AUM, approximately 50% increase in consolidated profits, and a Return on AUM (RoAUM) of approximately 2.5%.

Financial Performance

The strong profitability was underpinned by a 41% YoY increase in net interest income to ₹1,362 Cr in Q4 FY26. For the full year, net interest income rose 32% to ₹4,731 Cr. Pre-provision operating profit (PPOP) for the year grew 45% to ₹2,294 Cr. The company's capital adequacy ratio stood at 19.8% as of March 31, 2026, while net worth was recorded at ₹28,191 Cr. The following table summarises key financial metrics across periods:

Retail and Wholesale Growth

Retail AUM increased 33% YoY, with disbursements rising 34% YoY. The retail business now drives the consolidated financials, supported by a reduction in operating expenses as a percentage of AUM. The company's customer franchise grew 22% YoY to 5.7 Mn. Wholesale 2.0 AUM also contributed to overall growth, focusing on underpenetrated real estate and corporate mid-market lending. Legacy AUM, classified as discontinued, now constitutes less than 3% of total AUM.

Asset Quality and FY27 Outlook

Asset quality improved across retail products in Q4 FY26, with Gross Non-Performing Assets (GNPA) at 2.3% and Net Non-Performing Assets (NNPA) at 1.6%. The company's cost of borrowings declined by approximately 35 basis points during the cycle. Building on this momentum, Piramal Finance has outlined the following FY27 targets: