Purple Finance Board Approves Capital Increase & 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, by creating an additional 1.50 Crore equity shares. The board also approved a preferential allotment of 99,99,952 equity shares for consideration other than cash, in connection with the acquisition of 1,81,33,588 equity shares of Saksham Gram Credit Private Limited. Additionally, 40,00,000 equity shares will be allotted for cash consideration to Mrs. Manisha Agarwal, aggregating to ₹28.80 Crores. The acquisition of Saksham is valued at approximately ₹99 Crores, with a mix of cash and share swap.