Piramal Finance Limited has received regulatory approval from major stock exchanges to modify key terms of its Non-Convertible Debentures, marking a significant step in the company's debt instrument management. The approvals enable the company to proceed with modifications to coupon rate clauses in its existing NCD offerings.

Stock Exchange Approvals Secured

The company has obtained in-principle approval from both major Indian stock exchanges for the proposed modifications. The approval details are as follows:

Non-Convertible Debentures Details

The modifications apply to NCDs issued under two specific International Securities Identification Numbers (ISINs). The affected instruments and their key parameters include:

The modifications relate to coupon rate clauses mentioned in the Information Memorandum and other relevant documents associated with these NCDs. This follows the company's earlier communication dated November 14, 2025, on the same subject matter.

Implementation Timeline

Piramal Finance Limited executed the addendum to the Information Memorandum on December 11, 2025, following the receipt of both exchange approvals. The company has outlined its next steps for completing the modification process:

• Current Status: Addendum executed for both affected ISIN series
• Pending Action: Awaiting modified ISIN letters from depositories
• Final Step: Application for final listing upon receipt of modified documentation

The regulatory filing was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with mandatory disclosure requirements for material events affecting listed securities.

Piramal Finance has demonstrated robust financial performance in the first half of the fiscal year, positioning itself well to achieve its long-term goals. The company's recent financial results highlight its strong growth trajectory and strategic execution.

Key Financial Highlights

Growth and Performance

Piramal Finance has reported a consolidated profit of ₹603.00 crore for the first half of the current fiscal year. This performance puts the company on a solid footing to pursue its future financial targets.

The company's total Assets Under Management (AUM) have shown impressive growth, increasing by 37.00% year-over-year. This growth rate has already surpassed the company's future target of 30.00%, indicating strong business momentum and effective strategy implementation.

H1 Performance

In the first half of the fiscal year, Piramal Finance's overall AUM grew by 22.00% compared to the same period in the previous year. This growth rate aligns well with the company's full-year growth target of 25.00%, suggesting that Piramal Finance is on track to meet or potentially exceed its annual objectives.

Outlook

The strong performance in H1 and the company's progress towards its future targets indicate Piramal Finance's robust business model and effective growth strategies. The company's ability to outperform its AUM growth targets while maintaining solid profit levels suggests a balanced approach to expansion and profitability.

As Piramal Finance continues to execute its growth plans, investors and market observers will likely keep a close watch on the company's ability to maintain this growth trajectory and achieve its projected targets for the future.