Piramal Enterprises Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

Piramal Enterprises' board has approved its quarterly consolidated financial results, reporting a net profit of ₹276.37 crore for the quarter ended June 30, 2025. The company also gave the green light to raise up to ₹1,000 crore via Non-Convertible Debentures through private placement by March 2026. Additionally, PEL invested ₹700 crore in its subsidiary, Piramal Finance Limited (PFL), which recently reclassified as an NBFC-ICC. The merger scheme with PFL is progressing, with RBI approval received and NCLT application pending.