QIP Issue closure and approval of Placement Document.

28th August, 2026 BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Wing, Exchange Plaza, 5th Floor, Rotunda Building, P.J. Towers, Plot. 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.: Qualified institutions placement of fully paid-up equity shares of face value Rs. 2 each (the ‘Equity Shares’) of the Company under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the ‘SEBI ICDR Regulations’), and Sections 42 and 62(1)(c) of the Companies Act, 2013, including the rules made thereunder, each as amended (the “Issue”) - Outcome of the Meeting Further to our earlier intimation dated 24th August, 2026, on the captioned subject, we wish to inform that the Committee of Directors (Administration, Authorisation & Finance) of the Board of Directors (the “Committee”) has at its meeting held today i.e. 28th August, 2026, inter alia, considered and approved the following: a. Approved and declared the closure of the Issue today i.e. 28th August, 2026, pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers (the ‘QIBs’) in accordance with the terms of the Issue; b. Determined and approved the allocation of 99,52,606 Equity Shares at an Issue price of Rs. 2,110 per Equity Share (including a premium of Rs. 2,108 per Equity Share), in accordance with the SEBI ICDR Regulations upon the closure of the Issue, determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations and further approving the allocation of 99,52,606 Equity Shares to be allotted to the eligible QIBs in the Issue; c. Approved and adopted the placement document dated 28th August, 2026; and d. Approved and finalised the confirmation of allocation note to be sent to the eligible QIBs, intimating them of allocation of Equity Shares pursuant to the Issue. The meeting of the Committee commenced at 6:15 p.m. and concluded at 6:30 p.m. Copy of the placement document dated 28th August, 2026, is also being made available on the website of our Company at www.piramalfinance.com. Request you to please 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