Piramal Enterprises Limited — Others, 04-07-2025: Shareholders meeting

Piramal Enterprises has announced a secured creditors meeting held to approve a composite scheme of arrangement involving the Company and Piramal Finance Limited. The meeting, chaired by a retired IRS officer, was conducted via video conference and included remote and live e-voting facilities. The scheme, outlining key terms and share exchange ratio, received the required majority approval from secured creditors. Voting results will be disclosed on stock exchanges and company websites. This approval is a crucial step in advancing the restructuring plan, impacting shareholders and creditors by streamlining group operations.