Purple Finance Ltd

Purple Finance Ltd announced that Mr. Ajay Kumar Pandey will cease to be an Independent Director and committee member effective June 27, 2026, upon completion of his term. This change affects his roles as Chairman of the Audit Committee and Stakeholders' Relationship Committee, and Member of the Nomination & Remuneration Committee. The company assures that committee compositions remain compliant with SEBI LODR Regulations.

Purple Finance Ltd has announced the closure of its trading window for dealing in securities. The window will be shut from Wednesday, July 01, 2026, until 48 hours after the declaration of the company's Unaudited Financial Results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The National Securities Depository Limited will facilitate this restriction by freezing PAN at the security level for the company's ISINs, as per SEBI circulars.

Purple Finance Limited announced that its Committee of Independent Directors (IDC) has provided reasoned recommendations regarding the open offer made by Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert. The open offer aims to acquire up to 1,76,48,152 equity shares, representing 26% of the company's voting share capital, at a price of ₹55 per share. The IDC reviewed the public announcement, detailed public statement, and letter of offer before issuing their recommendations as per SEBI SAST Regulations.

Purple Finance Ltd announced the receipt of the Letter of Offer dated June 20, 2026, from Mark Corporate Advisors Private Limited, the Manager to the Open Offer. This offer is made by Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert, to acquire up to 1,76,48,152 equity shares, representing 26.00% of the emerging voting capital. The offer price is ₹55.00 per equity share, payable in cash, in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is made by the Acquirers and PACs pursuant to Regulations 3 and 4 of SEBI (SAST) Regulations 2011 and is not conditional.

Purple Finance Ltd has announced the receipt of the Letter of Offer dated June 20, 2026, from Mark Corporate Advisors Private Limited, the Manager to the Open Offer. This follows a previous intimation on February 24, 2026, regarding the Draft Letter of Offer. The Open Offer is being made by Allied Commodities Private Limited, Mr. Sandeep Jindal, Intellect Stock Broking Limited, two Infinity Partners, Intellect Money Finvest Private Limited, Mr. Amitabh Chaturvedi, and AC Enterprises Private Limited, collectively referred to as the 'Acquirers' and 'Persons Acting in Concert' (PACs). The offer aims to acquire up to 1,76,48,152 equity shares, representing 26.00% of the Target Company's voting capital, at a price of ₹55.00 per share, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Mark Corporate Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for the public shareholders of Purple Finance Ltd. The open offer is made by Allied Commodities Private Limited, Mr. Sandeep Jindal, Intellect Stock Broking Limited, Intellect Money Finvest Private Limited, Mr. Amitabh Chaturvedi, and AC Enterprises Private Limited. They aim to acquire up to 1,76,48,152 equity shares, representing 26.00% of the emerging voting capital, at an offer price of ₹55.00 per share, payable in cash. The offer is being made pursuant to SEBI (SAST) Regulations, 2011, and has received prior approval from the Reserve Bank of India for the acquisition and change in control.

Purple Finance Ltd's Finance Committee approved the allotment of 1,26,00,000 Equity Share Warrants convertible into equity shares. The total issue size is ₹693 crore, with an issue price of ₹55 per warrant (₹10 face value, ₹45 premium). The allotment includes promoters like Mr. Amitabh Chaturvedi and AC Enterprises Private Limited, as well as non-promoters. 25% of the issue amount has been received, with the balance payable upon exercise within 6 to 18 months. This issuance does not immediately change the company's paid-up equity share capital.

Purple Finance Limited has received approval from the Reserve Bank of India (RBI) for a change in shareholding and acquisition of control. This approval, dated June 03, 2026, pertains to a proposed open offer and the issuance of Equity Share Warrants under RBI's Non-Banking Financial Companies (Acquisition of Shareholding or Control) Directions, 2025. The company will complete the necessary procedural and regulatory formalities in due course.

Purple Finance Ltd has completed the dispatch of letters to shareholders and debenture holders whose email addresses are not registered with the company, RTA, or depositories. This action, in compliance with SEBI Listing Regulations, provides these individuals with a web-link to access the company's Annual Report for FY2025-26. The 32nd Annual General Meeting (AGM) is scheduled for June 26, 2026, via video conferencing. The company also reminds holders of physical securities to update their KYC details, including PAN, address, and bank information, to ensure eligibility for future payments like dividends and interest, effective from April 1, 2024.

Purple Finance Ltd's board meeting on June 1, 2026, approved the Management Discussion and Analysis Report and the Directors Report for FY2025-26. It also approved the appointment of Mr. Sriram Kalyanaraman and the re-appointment of Ms. Sumeet Sandhu as Independent Directors for 3 years, subject to shareholder approval. The board approved the issuance of Non-Convertible Debentures (NCDs) under private placement for FY2026-27, up to ₹350 Crore, pending shareholder approval. The 32nd Annual General Meeting is scheduled for June 26, 2026.