Piramal Enterprises Limited at its Meeting of Administrative Committee of the Board of Directors held on May 4, 2022 approved the issuance of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures on private placement basis. Security Name is Piramal Enterprises Limited May 2021-22 Series 01. Size of the issue is Up to INR 50 crores along with an option to retain over subscription of up to Rs.

650 crores, aggregating up to Rs. 700 crores. Tenure of the instrument is 30 months.

Interest/Coupon Rate is 8% p.a.; Coupon shall be linked to Underlying Reference Price on Final Observation Date. Secured through a first ranking pari-passu charge by way of hypothecation over the Hypothecated assets (excluding Excluded Receivables both present and future) of Security Provider.