Quarterly Updates25 Feb 2026, 07:37 pm
Purple Finance Ltd Allots 45 Lakh Equity Shares Following Warrant Conversion
AI Summary
Purple Finance Ltd has allotted 45,00,000 (Forty Five Lakh) fully paid-up equity shares to warrant holders after they exercised their option of conversion of 45,00,000 (Forty Five Lakh) warrants. The warrant holders paid the balance 75% of the issue price on said warrants, and upon receipt of balance amount, the Finance Committee of the Company approved the allotment. The newly issued and allotted equity shares shall rank pari-passu with existing equity shares of the Company. The Paid-Up Equity Share Capital of the Company stands increased to 5,89,24,212 post-allotment.
Key Highlights
- Purple Finance Ltd allotted 45,00,000 equity shares following warrant conversion.
- Warrant holders paid the balance 75% of the issue price on said warrants.
- The newly issued and allotted equity shares shall rank pari-passu with existing equity shares of the Company.
- Paid-Up Equity Share Capital of the Company stands increased to 5,89,24,212 post-allotment.
- 55,00,000 Warrants are still outstanding for conversion within 18 months from the date of Warrants allotment i.e. December 12, 2025.