“Following the following of Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trade Regulations Part A, it is informed that the following security will be suspended from the trade on September 23, 2025 (ie closing times of trade on September 22, 2025),” read the NSE Circular.
On September 16, Piramal Enterprises de BSE and NSE inquired that the National Company Law Tribunal (NCLT), Mumbai Bench, the composite control scheme under Piramal Enterprises Limited and Piramal Finance Limited had approved and punished.
The company confirmed that it had submitted the certified copy of the NCLT order to the registrar of companies, the Ministry of Corporate Affairs, the Indian Government, which made the regulation in force of 16 September 2025.
As a result, PEL has been merged with PFL and has been resolved without ending.
In a separate disclosure of 19 September, Pyramal Enterprises had also informed the exchanges about the resignation of the Chief Financial Officer and the most important management staff, Upma Goel. Her last working day at the company will be on September 30. The merger was powered by strategic, regulatory and operational considerations. PFL, previously registered as a housing financing company, was again classified as a non-bank financial enterprise investment and credit company (NBFC-ICC) .RBI instructions forbid several NBFC-ICCs within the same group, which requires this amalgamation for compliance. PFL, as an NBFC of the top layer, must also be mentioned on September 30, 2025, under the regulations of the RBI based on scale.
The merger is expected to consolidate the activities by bringing Pel and PFL together under a uniform entity and offers a single platform for customers and lenders.
According to the company, this consolidation will help to deliver a broader range of financial products, improve the service experience and create economies of scale, which are expected to increase profitability and shareholder value.
Shareholders of Piramal Enterprises receive shares shares in the merged entity, Piramal Finance.
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