Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), Piramal Enterprises Limited announced that Mr. Khushru Jijina (DIN: 00209953), Executive Director, has tendered his resignation from the services of the Company due to his personal desire to reduce full-time commitments and spend more time with family. Consequent to which Mr. Jijina would also step down from the Board of Directors of the Company with effect from 31st August, 2022. More over with the impending merger of PHL Fininvest Limited (PHL Fininvest), a NBFC and a wholly owned subsidiary, with the Company, Mr. Jijina would cease to be a director of PHL Fininvest once the NCLT order is made effective.

At the Board Meeting held earlier during the day, Mr. Jijina, on request made by the Board has agreed to act as a senior advisor to the Group to guide the business forward.