Outcome of Board Meeting

19th October, 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, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 544597 NSE Symbol: PIRAMALFIN Dear Sir/Madam, Sub.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) – Outcome of Board Meeting Kindly refer to our letter dated 12th October, 2026 on the subject. Pursuant to the provisions of Regulations 33, 51 and 52 of the SEBI Listing Regulations, the Board of Directors of the Company, at its meeting held today i.e. Monday, 19th October, 2026 considered and approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half-year ended 30th September, 2026. In this regard, the following documents are enclosed: a. Unaudited Financial Results (Standalone & Consolidated) for the quarter and half-year ended 30th September, 2026 along with information under Regulation 52(4) of the SEBI Listing Regulations; b. Limited Review Report by Joint Statutory Auditors; c. Statement of utilization of proceeds for the quarter ended 30th September, 2026 under Regulations 52(7) and 52(7A) of the SEBI Listing Regulations; and d. Security Cover Certificate for the quarter ended 30th September, 2026 under Regulation 54(3) of the SEBI Listing Regulations read with SEBI Master Circular dated 28th September, 2026. Further, we will arrange to publish these Financial Results in the newspapers as per Regulations 47 and 52(8) of the SEBI Listing Regulations. The meeting of the Board of Directors commenced at 2:00 p.m. and concluded at 3:25 p.m. The above information is also available on the website of the Company at www.piramalfinance.com. You are requested to take the same 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 Singhi & Co. Lodha & Co. LLP Chartered Accountants Chartered Accountants B2 402B Marathon lnnova,4th Floor, 6, Karim Chambers, Off Ganpatrao Kadam Marg, 40, Ambalal Doshi Marg Opp. Peninsula Corporate Park (Hamam Street), Lower Parel, Mumbai 400013, India Fort, Mumbai, 400001 Independent Auditors' Review Report on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 of Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited) pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited) 1. We have reviewed the accompanying statement of unaudited standalone financial results of Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited) (the 'Company') for the quarter and half year ended September 30, 2026 ('the Statement'), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), the circulars, guidelines and directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI guidelines'), and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of the Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Singhi & Co. Lodha & Co. LLP Conclusion 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, the RBI guidelines, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Singhi & Co. For Lodha & Co. LLP Chartered Accountants Chartered Accountants , gistration No.: 302049E Firm's Registration No.: 301051E/E300284 Ravi Kapoor R. P. Baradiya Partner Partner Membership No.: 040404 Membership No.: 044101 UDIN: 2..bOLfOJ.tOt.i 6\0~K FA 52-:f 2.. UDIN: '2.b0'1'1lO\ KOl.,;U~L1.9\ Place: Mumbai Place: Mumbai Date: October 19, 2026 Date: October 19, 2026 Pi,rarnal Finance Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limiled) Statement of standalone financial results for the quarter and half year ended September 30, 2026 (Currencv : Rs. in crores) 3 months 3 months 3 months Half year Half year Previous year ended ended ended ended ended ended Particulars (30/09/2026) (30/06/2026) (30/09/2025) (30/09/2026) (30/09/2025) (31/03/2026) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) /Audited\ Revenue from operations Interest income 3,258.72 3,157.00 2,594.1 I 6,415.72 4,998.10 I 0,706.94 Dividend income (Refer note 9) 12.96 18.33 9.16 31.29 66.86 1,417.17 Rental income 0.02 0.02 0.02 0.04 0.04 0.09 Fees and commission income 131.04 126.83 120.69 257.87 234.96 433.65 Net gain/ (loss) on fair value changes 170.42 (12.16) 158.26 - - Other operating income (Refer note 8) 52.04 99.61 118.65 151.65 200.71 599.22 Total Revenue from operations (I) 3,625.20 3,389.63 2,842.63 7,014.83 5,500.67 13,157.07 Other income (Il} 57.86 61.05 27.22 118.91 76.31 172.21 Total income (I+m 3,683.06 3,450.68 2.869.85 7 133.74 S 576.98 13,329.28 Expenses Finance costs 1,801.30 1,710.32 1,546.06 3,511.62 3,014.34 6,294.94 Fees and commission expenses 2.43 2.42 2.85 4.85 5.12 11.57 Net loss on fair value changes - 120.71 - 126.96 1,175.42 Net loss on derecognition of financial instruments under 189.63 173.80 196.91 363.43 588.38 874.94 amortised cost category Impairment allowances/(reversals) on financial instruments 235.38 273.59 (148.14) 508.97 (375.27) (319.04) Employee benefits expenses 508.07 494.81 440.84 1,002.88 880.00 1,768.36 Depreciation, amortisation and impairment (Refer note 7) 58.16 54.85 142.81 I 13.01 198.22 897.84 Other expenses 329.44 319.81 289.31 649.25 578.57 1,197.03 Total expenses 3,124.41 3 029.60 2 591.35 6 154.01 5,016.32 11,901.06 Profit before exceptional items and tax 558,65 421.08 278.50 979.73 560.66 1,428.22 (Less): Exceptional items (Refer note 6) {81.00) (81.00) (81.00) Profit [Showing first 8,000 characters — download PDF for full document]