Document Metadata

Key Quantitative Figures

  • Total Equity Shares to be Issued: 1,39,99,952 Equity Shares
  • Share Swap (Non-Cash Consideration): 99,99,952 Equity Shares valued at ₹71,99,96,544
  • Cash Consideration Issue: 40,00,000 Equity Shares valued at ₹28,80,00,000
  • Issue Price per Equity Share: ₹72
  • Saksham Gram Credit Acquisition: 1,81,33,588 Equity Shares (100% equity share capital)

Parties Involved

  • Issuer: Purple Finance Limited
  • Proposed Allottees (Share Swap): 92 Existing shareholders of Saksham Gram Credit Private Limited
  • Proposed Allottee (Cash Consideration): Mrs. Manisha Agarwal
  • Acquisition Target: Saksham Gram Credit Private Limited (100% equity acquisition)
  • Stock Exchange: BSE Limited
  • Registrar and Share Transfer Agent: Purva Sharegistry (India) Private Limited

Purpose and Rationale

The preferential issue has two distinct components with different purposes:

1. Share Swap Component (99,99,952 shares): For acquisition of 1,81,33,588 equity shares representing 100% of the equity share capital of Saksham Gram Credit Private Limited.

2. Cash Consideration Component (40,00,000 shares): The cash proceeds of ₹28,80,00,000 will be utilized towards payment of the cash consideration payable to the shareholders of Saksham Gram Credit Private Limited in connection with the proposed acquisition. Any surplus funds remaining after meeting the acquisition-related cash consideration shall be utilized towards general corporate purposes.

Changes Made in Corrigendum

1. Clarification of Issue Object and Consideration

The corrigendum provides a detailed table clarifying that the preferential issue consists of two distinct components with different consideration types and purposes.

2. Change in Relevant Date

The relevant date for determination of the floor price has been changed from Saturday, August 01, 2026 to Friday, July 31, 2026. This change applies throughout the EGM notice.

3. Ultimate Beneficial Owner Disclosures

The corrigendum discloses the ultimate beneficial owners for two proposed allottees:

  • Krishna Kumar Agarwal (HUF): Ultimate beneficial owner is Krishna Kumar Agarwal (PAN: AGVPA5945R)
  • Rajesh Baheti – Prop: Ultimate beneficial owner is Rajesh Baheti (PAN: AEMPB4561R)

Financial and Operational Impact

The disclosure explicitly states the financial impact of the transaction:

  • Total transaction value: ₹100,79,96,544 (₹71,99,96,544 share swap + ₹28,80,00,000 cash component)
  • The acquisition will result in Purple Finance Limited owning 100% of Saksham Gram Credit Private Limited
  • The cash component will provide funding for the acquisition and potential surplus for general corporate purposes

Additional Information

  • The corrigendum is available on the company's website (www.purplefinance.in), BSE website (www.bseindia.com), and Purva Sharegistry website (www.purvashare.com)
  • All other items of the EGM Notice dated August 06, 2026 remain unchanged except for the modifications detailed in this corrigendum
  • The document is signed by Ruchi Nishar, Company Secretary and Compliance Officer (Membership No. A68260)