Board Meeting1 Jun 2026, 07:13 pm
Purple Finance Board Approves NCD Issuance, Director Appointments
AI Summary
Purple Finance Ltd's board meeting on June 1, 2026, approved the Management Discussion and Analysis Report and the Directors Report for FY2025-26. It also approved the appointment of Mr. Sriram Kalyanaraman and the re-appointment of Ms. Sumeet Sandhu as Independent Directors for 3 years, subject to shareholder approval. The board approved the issuance of Non-Convertible Debentures (NCDs) under private placement for FY2026-27, up to ₹350 Crore, pending shareholder approval. The 32nd Annual General Meeting is scheduled for June 26, 2026.
Key Highlights
- Sriram Kalyanaraman appointed as Independent Director effective June 26, 2026.
- Sumeet Sandhu re-appointed as Independent Director effective June 28, 2026.
- Board approves NCD issuance up to ₹350 Crore via private placement.
- 32nd Annual General Meeting scheduled for June 26, 2026.
- MDAR and Directors Report for FY2025-26 approved.
Price Impact
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