Piramal Enterprises scheme clears final hurdle with creditor approval

Piramal Enterprises has announced that its secured creditors have approved the composite scheme of arrangement between the Company, Piramal Finance Limited, and their respective shareholders and creditors. The approval was granted during a meeting held on July 4, 2025, convened pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench. The meeting, conducted via video conferencing, addressed the scheme initially announced on June 2, 2025. E-voting facilities were provided to the creditors, both remotely prior to the meeting and during the session. The NCLT had appointed scrutineers to oversee the voting process. Following a summary of the scheme's features, the resolution to approve it was passed with the required majority. The voting results and a consolidated report will be disseminated to stock exchanges and made available on the company's website.