Piramal Enterprises shareholders approve scheme at tribunal-ordered meeting

Piramal Enterprises Limited (PEL) announced that its equity shareholders approved the composite scheme of arrangement involving the company and Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited), along with their respective shareholders and creditors. The meeting, held on July 4, 2025, was conducted via video conferencing under the order of the Hon'ble NCLT. A retired officer of the Indian Revenue Service, Devi Prasad Semwal, served as the Chairperson for the meeting. Shareholders were provided with remote e-voting facilities prior to and during the meeting. The results of the voting, along with the scrutinizer's report, will be disseminated to the stock exchanges and placed on the company's website and NSDL. The meeting concluded at 10:34 a.m. (IST).