Purple Finance Limited disclosed the outcome of its Finance Committee meeting held on November 04, 2026, from 05:20 p.m. to 05:47 p.m. The committee approved the issuance of Non-Convertible Debentures (NCDs) through private placement.

Key Approval Details

The Finance Committee approved the issuance of:

  • Up to 25,000 Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures
  • Face value: ₹10,000 each
  • Aggregate nominal value: Up to ₹25,00,00,000 (Twenty Five Crores)
  • Issuance method: Private placement basis in one or more tranches
  • Pricing: At par, for cash

Instrument Specifications

  • Size of issue: Up to ₹25,00,00,000 (Twenty Five Crores Only)
  • Listing: Proposed to be listed on the Whole Sale Debt Segment of BSE Limited
  • Tenure: 30 months from the deemed Date of Allotment
  • Maturity date: To be determined in due course
  • Coupon rate: 11.50% per annum payable monthly
  • Principal repayment: In 7 installments with final payment at maturity (30 months from deemed allotment date)

Security Details

The Debentures will be secured by:

1. First ranking pari passu continuing charge created in favour of the Debenture Trustee

2. Charge created through an unattested deed of hypothecation over identified book debts/loan receivables of the Issuer

3. Such other security interest including any other assets of the company as may be agreed between the Issuer and the Debenture Holders

Default Provisions

On occurrence of any payment default lasting more than three months from due date:

  • Additional interest at 2% per annum over the Interest Rate will be payable
  • Additional interest applies from date of default until cure or full redemption

Additional Information

The disclosure includes confirmation that:

  • No special rights/privileges are attached to the instrument
  • No letters/comments regarding payment/non-payment issues exist
  • Redemption will occur as per the installment schedule described

The information is available on the company website at www.purplefinance.in.