Purple Finance Ltd

Purple Finance Ltd announced that its Finance Committee has approved the sale of a portion of its loan portfolio, amounting to up to ₹5.38 crores, through the Direct Assignment route. This move aligns with RBI's Master Directions on Credit Risk Transfer. The transactions are anticipated to be income accretive, underscoring the company's capability in originating and managing a quality loan book. Purple Finance will retain a 10% participation in the assigned loans and will continue to act as the servicer for these portfolios.

Purple Finance Ltd has announced an Extraordinary General Meeting (EGM) scheduled for August 31, 2026, at 11:00 AM IST, to be conducted via Video Conferencing/Other Audio Visual Means. The primary agenda is to consider and approve an increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores, involving the creation of an additional 1.50 Crores equity shares of ₹10 face value each. This will result in an alteration of the capital clause in the Memorandum of Association. The cut-off date for e-voting eligibility is August 24, 2026, with the remote e-voting period running from August 27 to August 30, 2026. The notice of the EGM has been sent electronically to registered members.

Purple Finance Ltd has issued a clarification regarding its earlier intimation about Non-Convertible Debentures (NCDs). The company confirmed that the redemptions for ISIN INE0CYK07020 (Scrip Code 977748) and ISIN INE0CYK07012 (Scrip Code 977452) are partial redemptions, not early full redemptions, and are in line with the Offer Document terms. The redemptions are being executed through a reduction in face value, not the number of NCDs. Specific details on face value reduction per NCD and payment dates for interest and redemption proceeds have been provided for both ISINs, with final maturity dates remaining January 12, 2028, and April 26, 2028, respectively.

Purple Finance Limited has announced the acquisition of Saksham Gram Credit Private Limited. This strategic move is detailed in a press release filed with the stock exchange. The acquisition is expected to bolster Purple Finance's presence and offerings in the credit sector. Further details regarding the terms and financial implications of the acquisition are expected to be disclosed.

Purple Finance Limited's Board of Directors, in a meeting held on August 06, 2026, approved a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores, by 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, in connection with the acquisition of 1,81,33,588 equity shares of Saksham Gram Credit Private Limited. Additionally, 40,00,000 equity shares will be allotted for cash consideration to Mrs. Manisha Agarwal, aggregating to ₹28.80 Crores. The acquisition of Saksham is valued at approximately ₹99 Crores, with a mix of cash and share swap.

Purple Finance Limited's Board of Directors convened on August 6, 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 cash consideration (other than cash) to Saksham Gram Credit Private Limited shareholders, in exchange for acquiring 1.81 Crore equity shares of Saksham. Additionally, 40 Lakh equity shares will be issued for cash to Mrs. Manisha Agarwal. The total consideration for the Saksham acquisition is approximately ₹99 Crores, comprising cash and share swap components.

Purple Finance Limited's Board of Directors, in a meeting held on August 06, 2026, approved a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores. This involves the creation of an additional 1.50 Crore equity shares. The board also approved a preferential allotment of 99,99,952 equity shares for cash consideration to Saksham Gram Credit Private Limited shareholders as part of an acquisition, and 40,00,000 equity shares for cash to Mrs. Manisha Agarwal. The acquisition of Saksham Gram Credit Private Limited involves a total consideration of approximately ₹99 Crores, with a mix of cash and share swap.

Purple Finance Limited's Board of Directors, in a meeting held on August 06, 2026, approved a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores, by 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, in connection with the acquisition of 1,81,33,588 equity shares of Saksham Gram Credit Private Limited. Additionally, 40,00,000 equity shares will be allotted for cash consideration to Mrs. Manisha Agarwal, aggregating to ₹28.80 Crores. The acquisition of Saksham involves a total consideration of approximately ₹99 Crores, with a mix of cash and share swap.

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.

Purple Finance Ltd has announced a Board of Directors meeting scheduled for August 6, 2026. The primary agenda item is to consider and approve a proposal for fundraising. The fundraising could be through various instruments including equity shares, preference shares, warrants, or other eligible securities, via methods like rights issue, qualified institutions placement, or preferential issue. The company also plans to seek member approval for this proposal, if necessary, through a postal ballot or EGM. The trading window for company insiders will be closed until 48 hours after the board meeting concludes.