Pilani Investment & Industries Corporation Limited has disclosed that Essel Mining & Industries Limited, a member of its promoter group, has acquired additional equity shares in the company. The transaction was completed through an on-market purchase on the National Stock Exchange of India.

Share Acquisition Details

The acquisition involved 10,000 equity shares of Pilani Investment and Industries Corporation Limited, representing 0.09% of the company's total shareholding. The transaction was executed on December 26, 2025, through market purchase on NSE.

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2) read with Regulation 6 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Essel Mining & Industries Limited submitted the requisite Form-C disclosure to Pilani Investment and Industries Corporation Limited on December 30, 2025.

Company Information

Essel Mining & Industries Limited is registered as a member of the promoter group of Pilani Investment and Industries Corporation Limited. The company is incorporated under CIN U51109WB1950PLC018728 with its registered office located at Industry House, 18th Floor, 10, Camac Street, Kolkata-700017.

Post-Transaction Holdings

Following this acquisition, Essel Mining & Industries Limited now holds 10,000 equity shares representing 0.09% shareholding in Pilani Investment and Industries Corporation Limited. Prior to this transaction, Essel Mining held 0.00% stake in the company, indicating this represents a fresh acquisition of shares.

Pilani Investment & Industries Corporation Limited has announced that CRISIL Ratings Limited has reaffirmed and assigned credit ratings for the company's enhanced debt programmes. The development was communicated to stock exchanges through a regulatory filing under Regulation 30.

Credit Rating Details

CRISIL has taken comprehensive rating actions across the company's debt instruments, providing enhanced financial flexibility through increased programme sizes.

Programme Enhancement and Rating Significance

The Non-Convertible Debentures programme has been significantly enhanced from ₹100.00 crores to ₹1,000.00 crores, representing a ten-fold increase in the programme size. This enhancement provides Pilani Investment & Industries with substantially greater access to debt capital markets for its financing requirements.

The CRISIL A1+ rating on the Commercial Paper programme indicates that securities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry the lowest credit risk. For the NCD programme, the CRISIL AA+/Stable rating reflects that securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Validity and Compliance Requirements

The Commercial Paper programme rating letter is valid for 60 calendar days from the rating date, for the purpose of issuance. Once the instrument is issued, the rating remains valid throughout the life of the Commercial Paper Programme with a maximum maturity of one year, unless revised by CRISIL.

For the NCD programme, the company has 180 days from the rating date to make the issue. In case of any changes in size or structure of the proposed issues, fresh revalidation letters from CRISIL Ratings will be necessary. The company is also required to provide International Securities Identification Number (ISIN) details to CRISIL within 2 days after allotment, as per SEBI circular requirements.

Market Impact and Financial Flexibility

The rating reaffirmation and programme enhancement demonstrate CRISIL's continued confidence in Pilani Investment & Industries' creditworthiness and financial strength. The expanded debt programme capacity of ₹3,000.00 crores combined (₹2,000.00 crores CP + ₹1,000.00 crores NCD) provides the company with significant financial flexibility to meet its capital requirements and growth initiatives.

CRISIL will continue to keep these ratings under surveillance throughout the life of the instruments and reserves the right to withdraw or revise the ratings based on new information or changed circumstances that may impact the rating assessment.