Piramal Enterprises Limited (PEL) announces that the composite scheme of arrangement for the merger with Piramal Finance Limited (PFL), formerly known as Piramal Capital & Housing Finance Limited, is now effective as of September 16, 2025. Consequently, Piramal Enterprises Limited is merged with PFL and stands dissolved without being wound up, according to the scheme of merger.
Merger Effective Date
Piramal Enterprises Limited (PEL) has officially announced the effectiveness of its merger with Piramal Finance Limited (PFL). The effective date of the scheme of merger is September 16, 2025.
Dissolution of Piramal Enterprises Limited
As a result of the merger, Piramal Enterprises Limited is now merged with Piramal Finance Limited (PFL) and is dissolved without being wound up. This action is in full accordance with the approved Scheme of Merger.
Background of the Merger
The merger follows the filing of the certified copy of the order issued on September 12, 2025, by the National Company Law Tribunal, Mumbai Bench (“NCLT”). This order approved and sanctioned the Scheme of Merger. Approvals were also received from the Registrar of Companies, Mumbai, Ministry of Corporate Affairs, Government of India.
Source: BSE
