Piramal Enterprises Limited (PEL) has announced its merger with Piramal Finance Limited (PFL), marking a significant corporate restructuring for the Piramal Group. The merger, which aims to streamline operations and potentially unlock value for shareholders, comes with several important details for investors to note.

Merger Specifics

• Record Date: September 23, 2025
• Share Allotment Ratio: 1:1 (One share of PFL for every share of PEL)
• Trading Cessation: PEL securities will stop trading from the record date

Key Points for Shareholders

Share Allotment

Shareholders of PEL whose names appear in the register of members on the record date will receive equity shares of PFL in a 1:1 ratio.

Debt Securities

Other debt securities of PEL will be transferred to PFL as part of the merger process.

Listing of New Securities

PFL will apply for the listing of the new securities post-merger. Trading of these securities will commence upon approval and listing.

Existing PFL Debt Securities

The current debt securities of PFL will continue to trade on the stock exchanges without interruption.

Additional Information

According to the LODR data dated September 20, 2025, PFL (formerly known as Piramal Capital & Housing Finance Limited) will be the transferee company in this merger. The company has been keeping shareholders and the investor community informed about the merger process through previous announcements and analyst/investor meetings.

Management Changes

In a separate announcement dated September 19, 2025, PEL disclosed that Mrs. Upma Goel, Chief Financial Officer and Key Managerial Personnel of the company, will be leaving her position. Her last working day is set for September 30, 2025.

Conclusion

This merger represents a significant corporate action for Piramal Enterprises and its shareholders. Investors are advised to keep track of further announcements regarding the listing of new securities and any additional details that may affect their holdings. The merger is expected to be completed as per the timeline provided, with the record date serving as a crucial milestone in the process.

Shareholders and interested parties can find more information on the official websites of PEL and PFL.

Piramal Enterprises Limited (PEL) has announced significant changes in its corporate structure and leadership, as disclosed in recent regulatory filings.

CFO Transition

Upma Goel, the Chief Financial Officer (CFO) and Key Managerial Personnel of Piramal Enterprises Limited, is set to conclude her tenure with the company. According to the company's latest intimation to the stock exchanges, Goel's last working day will be September 30, 2025. This follows her resignation, which was initially disclosed by the company on July 29, 2025.

Corporate Restructuring

In a parallel development, Piramal Enterprises has undergone a significant corporate restructuring. The company has merged with Piramal Finance Limited, following an order passed by the National Company Law Tribunal (NCLT), Mumbai Bench. This merger was communicated to the stock exchanges on September 16, 2025, as per the company's regulatory filing.

Regulatory Compliance

The company's disclosure adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This ensures transparency and timely communication of material events to shareholders and the market at large.

Impact and Next Steps

The departure of a key executive like the CFO, coupled with a significant corporate restructuring, marks a period of transition for Piramal Enterprises. Shareholders and market observers will likely be keen to understand the company's plans for succession in the finance leadership role and the strategic implications of the merger with Piramal Finance Limited.

Piramal Enterprises has stated that further information regarding these developments is available on the company's official website. As these changes unfold, stakeholders will be watching closely for any impacts on the company's financial strategy and overall business direction.