Purple Finance Board Approves Capital Increase and Preferential Allotment

Purple Finance Limited's Board of Directors, in a meeting held on August 06, 2026, approved a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores. This involves the creation of an additional 1.50 Crore equity shares. The board also approved a preferential allotment of 99,99,952 equity shares for cash consideration to Saksham Gram Credit Private Limited shareholders as part of an acquisition, and 40,00,000 equity shares for cash to Mrs. Manisha Agarwal. The acquisition of Saksham Gram Credit Private Limited involves a total consideration of approximately ₹99 Crores, with a mix of cash and share swap.