Regulatory14 May 2026, 05:31 pm
Purple Wave Infocom: Monitoring Agency Report for March 2026
AI Summary
Purple Wave Infocom Ltd has released its Monitoring Agency Report for the half-year ended March 31, 2026, as per SEBI regulations. The report, issued by Infomerics Valuation and Rating Ltd, was reviewed and recorded by the Audit Committee. A deviation was noted regarding the purchase of property, with the company acquiring a different property than initially planned in the IPO prospectus, without shareholder approval.
Key Highlights
- Monitoring Agency Report for H1 ended March 31, 2026, released.
- Report highlights a deviation in property purchase from IPO plans.
- Company purchased a different property for ₹12.91 Crore without shareholder approval.
- Infomerics Valuation and Rating Ltd issued the Monitoring Agency Report.
Price Impact
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