Key Quantitative Figures

  • Open Offer Price: ₹55.00 per fully paid-up equity share.
  • Offer Size: Up to 1,76,48,152 equity shares, representing 26.00% of the emerging voting capital.
  • Shares Tendered and Accepted: 36 equity shares.
  • Financial Outlay for Accepted Shares: ₹1,980 (36 shares * ₹55), excluding brokerage and other charges.

Dates of Action

  • Date of Advertisement Publication: July 24, 2026 (the date of this letter).
  • Open Offer Period: Opened on Wednesday, July 01, 2026, and closed on Tuesday, July 14, 2026.
  • Payment and Communication Date: Completion of payment and communication of rejection/acceptance was on Friday, July 17, 2026.
  • Detailed Public Statement Date: Originally made on Friday, February 13, 2026.

Parties Involved

  • Target Company: Purple Finance Limited (CIN: L67120MH1993PLC075037).
  • Acquirers:
  • Allied Commodities Private Limited (Acquirer 1)
  • Mr. Sandeep Jindal (Acquirer 2)
  • PACs (Persons Acting in Concert):
  • Intellect Stock Broking Limited (PAC 1)
  • Intellect Money Finvest Private Limited (PAC 2)
  • Mr. Amitabh Chaturvedi (PAC 3)
  • AC Enterprises Private Limited (PAC 4)
  • Manager to the Offer: Mark Corporate Advisors Private Limited (SEBI Registration No.: INM000012128).
  • Registrar to the Offer: Purva Sharegistry (India) Private Limited.
  • Stock Exchange: BSE Limited.

Shareholding Details

  • Pre-Offer Holding of Acquirers and PACs: 95,87,654 shares (16.26% of emerging voting capital), which includes 5,47,787 shares held by Deemed PACs.
  • Shares Acquired Triggering the Offer: 45,00,000 shares (7.64% of emerging voting capital) were acquired upon conversion of warrants.
  • Post-Offer Holding of Acquirers and PACs: 1,40,87,690 shares (23.90% of emerging voting capital). This includes the 36 shares from the offer and the 5,47,787 shares from Deemed PACs.
  • Pre-Offer Public Shareholding: 3,69,88,422 shares (54.49% of emerging voting capital).
  • Post-Offer Public Shareholding: 3,70,02,136 shares (62.78% of emerging voting capital). This includes 13,750 equity shares allotted upon exercise of vested stock options.
  • Post-Offer Company Capital Structure: Total shares are 5,89,37,962. This consists of Acquirers/PACs (23.90%), Existing Promoters (13.32%), and Public Shareholders (62.78%).

Purpose and Stated Rationale

The advertisement was issued to inform public shareholders of the outcome of the open offer and to comply with regulatory obligations under the SEBI Takeover Regulations.

Financial and Operational Impact

The financial impact of the offer is minimal, with only 36 shares being acquired for a total consideration of ₹1,980. There is no material change in the capital structure or control of the company as a result of this offer.