82,94,000 warrants allotted on preferential basis to Promoter Group entity

Piramal Finance allots 82,94,000 warrants to Promoter Group entity Nithyam Realty Private Limited on a preferential basis.

Mon 5 Oct 2026

Warrants Allotted

82,94,000 warrants

Allottee

Nithyam Realty Private Limited, a Promoter Group entity

Aggregate Consideration

Rs. 1750,03,40,000

Consideration Received on Allotment (25%)

Rs. 437,50,85,000

Allotment Date

5th October, 2026

Piramal Finance has allotted 82,94,000 warrants to Nithyam Realty Private Limited, a Promoter Group entity, on a preferential basis.

What was approved

• The Committee of Directors (Administration, Authorisation & Finance) approved the allotment of 82,94,000 warrants at its meeting held on 5th October, 2026.
• The meeting of the Committee commenced at 11:30 a.m. and concluded at 11:45 a.m.

How the approvals came together

• Board of Directors approval at its meeting held on 24th August, 2026.
• Special resolution passed by the Shareholders at the Extraordinary General Meeting held on 19th September, 2026.
• In-principle approvals received from the National Stock Exchange of India Limited and BSE Limited on 29th September, 2026.

What the allottee paid

• Aggregate consideration for the warrants: Rs. 1750,03,40,000.
• Consideration received on the date of allotment, being 25% of the aggregate consideration: Rs. 437,50,85,000.

What this means in simple terms

• A warrant is not a share by itself. It is a right to subscribe to shares of the company at a later date, on the terms of the issue.
• The allottee here is a Promoter Group entity, so the shares that may come from these warrants would go to a company in the promoter group, and not to the general public.
• The update records that 25% of the aggregate consideration, i.e. Rs. 437,50,85,000, was received by the company on the date of allotment itself.
• Because the warrants were issued on a preferential basis, they were allotted to an identified promoter group entity rather than being offered to all shareholders or to the public.
• If and when the warrants are exercised into shares, the total number of shares of the company would rise, and the promoter group's holding can change accordingly; the holding of other shareholders would then be a smaller share of a larger base.

What a retail investor can watch for

• The shareholding pattern in the coming periods, to see how the promoter group's stake moves.
• Any further disclosures on the exercise of these warrants and on the shares issued on such exercise.
• The company's capital base, since equity shares issued on exercise of warrants add to the paid-up share capital.

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