Purple Finance Board Approves Share Capital Increase & Preferential Allotment

Purple Finance Limited's Board of Directors met on August 06, 2026, approving a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores. This involves 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, at an issue price of ₹72 per share, in connection with the acquisition of 1.81 Crore equity shares of Saksham Gram Credit Private Limited. Additionally, 40 Lakh equity shares will be issued for cash consideration of ₹72 per share to Mrs. Manisha Agarwal, aggregating to ₹28.80 Crores. The acquisition of Saksham Gram Credit Private Limited involves a total consideration of approximately ₹99 Crores, with a mix of cash and share swap.