Piramal Finance Ltd. Passes Special Resolution to Raise ₹1,750 Crore via Preferential Issue
Piramal Finance Limited's EGM on September 19, 2026, passed a special resolution to raise up to ₹1,750.034 crore via preferential issue of warrants convertible into equity shares to Nithyam Realty Private Limited.
The capital raise of over ₹1,750 crore is substantial and will significantly impact the company's financial structure and future growth prospects.
The company successfully passed a special resolution to raise significant capital, which is generally viewed positively for growth and financial strengthening.
Piramal Finance Limited held its Extraordinary General Meeting (EGM) on Saturday, 19th September 2026, at 11:00 a.m. IST, via Video Conferencing. The primary business transacted was a special resolution to raise capital amounting to ₹1,750.034 crore (Rupees One Thousand Seven Hundred and Fifty Crore Three Lakh Forty Thousand only) through the issuance of warrants convertible into equity shares on a preferential basis to Nithyam Realty Private Limited, a promoter group entity.
The e-voting facility was available remotely from Wednesday, 16th September 2026, 9:00 a.m. IST, to Friday, 18th September 2026, 5:00 p.m. IST, with an additional option during the EGM. Mr. Jairam Sridharan, Managing Director & CEO, chaired the meeting as Mr. Anand Piramal, Chairman, had an interest in the resolution.
The resolution was passed with the requisite majority. The voting results and the scrutinizer's report will be disseminated to the stock exchanges and published on the company's website and NSDL within the statutory timelines. The EGM concluded at 11:35 a.m. IST.
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Piramal Finance Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Piramal Finance Limited. Read the original for the full detail.