Purple Finance Ltd Approves NCD Issuance of ₹25 Crore

Purple Finance Ltd's Finance Committee has approved the issuance of up to 25,000 Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹25,00,00,000 (₹25 Crore). The NCDs will be issued on a private placement basis with a tenure of 30 months, carrying an interest rate of 11.50% per annum, payable monthly. The principal will be repaid in 7 installments. The issuance falls within the company's current borrowing limits and the NCDs are proposed to be listed on the Wholesale Debt Segment of BSE Limited. The meeting was held on November 04, 2026.