Piramal Enterprises' finance arm merger takes effect

Piramal Enterprises Limited (PEL) confirmed that the Composite Scheme of Arrangement, involving PEL and Piramal Finance Limited (PFL), became effective on September 16, 2025. This followed earlier intimations on July 9, 2025, July 24, 2025, and September 11, 2025.

Both PEL and PFL filed a certified copy of the National Company Law Tribunal, Mumbai Bench (NCLT) order, dated September 12, 2025, which approved and sanctioned the merger scheme. The filing with the Registrar of Companies, Mumbai, Ministry of Corporate Affairs, Government of India, occurred on September 16, 2025.

As a result of the scheme's effectiveness, PFL has merged with PEL and is dissolved without being wound up.