Issue of Securities

28th September 2026 BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Wing, Exchange Plaza, 5th Floor, Rotunda Building, P.J. Towers, Plot No. C/1, G-Block, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 544597 NSE Symbol: PIRAMALFIN Sub.: Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) Outcome of Committee Meeting Issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures on Private Placement basis through EBP process Dear Sir / Madam, In furtherance to our letters dated 27th March 2026 regarding outcome of Board Meeting and prior intimation of meeting(s) of Committee of Directors (Administration, Authorisation & Finance) (‘Committee’) for raising of funds by way of issue of Non-Convertible Debentures (‘NCDs’) on Private Placement basis, during the period from 1st April 2026 to 31st March 2027, we wish to inform you that the Committee at its meeting held today i.e. 28th September 2026, has approved the issuance of Secured, Rated, Listed, Redeemable, NCDs on Private Placement basis, as per the details mentioned in Annexure A, through Key Information Document. The meeting commenced at 5:40 p.m. and concluded at 6:00 p.m. Kindly take the above on record. Thanking you. Yours faithfully, For Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited) Bipin Singh Company Secretary Encl.: As above Annexure A Details of the Secured, Rated, Listed, Redeemable, Non-Convertible Debentures Type of securities proposed to be issued Secured, Rated, Listed, Redeemable, NCDs on Private placement (viz. equity shares, convertibles etc.) basis Type of issuance Non-Convertible Debentures on Private Placement basis Size of the issue Base issue size of the Debentures for Rs. 500,00,00,000 (Rupees Five Hundred Crores only) along with green shoe option to retain over subscription of up to Rs. 1500,00,00,000/- (Rupees One Thousand Five Hundred Crores only), aggregating to Rs. 2000,00,00,000/- (Rupees Two Thousand Crores only), each having a face value of Rs. 1,00,000/- (Rupees One Lakhs only) Whether proposed to be listed? If yes, The Debentures are proposed to be listed on the WDM of the BSE name of the stock exchange(s) and NSE within a maximum period of 3 (Three) Working Days from the date of closing of Issue as per SEBI Circular no. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025. NSE being the designated Stock Exchange. Tenure of the instrument 3 years and 45 Days Date of allotment 8th October 2026 Date of maturity 22nd November 2029 Coupon/interest offered, schedule of Coupon/interest: 8.62% p.a. payment of coupon/interest and principal Payable annually and on redemption date Charge/security, if any, created over the The Debentures shall be secured through a first ranking assets pari-passu charge by way of hypothecation over the Hypothecated Assets (excluding Excluded Assets both present and future) of Company. The Company shall at all times ensure that the Security Cover Ratio is maintained at or above the Minimum Security Cover (i.e. 1 time). The security is more specifically mentioned in the Transaction Document. Special right/interest/privileges attached to Not Applicable the instrument and changes thereof Delay in payment of interest / principal In case of default in payment of interest and/or principal redemption amount for a period of more than three on the due dates, additional interest at 2% (Two percent) p.a. over months from the due date or default in and above the applicable Coupon Rate will be payable by the payment of interest / principal Company from the date of the occurrence of the default until the default is cured or the debentures are redeemed pursuant to such default on the defaulted amount, as applicable. Details of any letter or comments Not Applicable regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any Details of redemption of preference shares Not Applicable indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures