Piramal Enterprises' secured creditors approve composite scheme

Piramal Enterprises Limited's secured creditors have approved the composite scheme of arrangement involving Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) and their respective shareholders and creditors. The approval was granted at a meeting held on July 4, 2025, following directions from the National Company Law Tribunal (NCLT), Mumbai Bench. The meeting, conducted via video conferencing, was initially adjourned due to a lack of quorum but reconvened to secure the necessary approval.