Purple Finance Limited submitted a regulatory disclosure to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The purpose of the filing is to intimate a change in the company's management, specifically the composition of its Board of Directors.

Key Decisions from Board Meeting

A meeting of the Board of Directors was held on June 01, 2026. The meeting commenced at 03:57 P.M. and concluded at 05:00 P.M.

The Board approved the following two items:

1. Appointment of Mr. Sriram Kalyanaraman (DIN: 09773647) as an Independent Director of the company for a term of 3 (three) consecutive years, effective from June 26, 2026. This appointment is subject to the approval of the shareholders of the company.

2. Re-appointment of Ms. Sumeet Sandhu (DIN: 10119062) as an Independent Director of the company for a term of 3 (three) consecutive years, effective from June 28, 2026. This re-appointment is subject to the approval of the shareholders of the company.

Director Profiles and Disclosures

Mr. Sriram Kalyanaraman is described as a seasoned banking and financial services professional with over 36 years of experience. His expertise spans banking, housing finance, retail and SME lending, credit bureaus, and financial sector advisory services. He has held leadership positions at National Housing Bank (as Managing Director & CEO), Standard Chartered Bank, Deutsche Bank AG, Equifax India, and KBZ Bank. His specific areas of expertise include lending, asset quality management, regulatory compliance, risk governance, institutional transformation, and digital initiatives in the financial services sector.

Ms. Sumeet Sandhu has extensive experience in product, portfolio, and sales management across investments and insurance. She has worked with organizations including Continental Financial Services, Finbuddys (UAE), Karvy Private Wealth, and Abu Dhabi Islamic Wealth.

Compliance Statements

As per the required disclosures:

  • Neither Mr. Kalyanaraman nor Ms. Sandhu is related to any other director of the company.
  • Neither individual is debarred from holding the office of director by virtue of any SEBI order or any other authority.

The detailed disclosures are contained in the enclosed Annexure-A. This information has also been made available on the company's website at www.purplefinance.in.

The disclosure was signed off digitally by Ruchi Nishar, Company Secretary & Compliance Officer, on June 01, 2026, at 18:44:57 IST.