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Purple Finance Limited
8 articles
Purple Finance Limited is undergoing significant strategic shifts, signaling a period of accelerated growth and strengthened governance. Recent regulatory approvals from the RBI pave the way for key acquisitions, while the company reported a substantial 142% increase in assets under management (AUM) to ₹249 crore, achieving profitability in the fourth quarter despite a full-year net loss. Bolstered by ₹148 crore in equity commitments and ₹151 crore in debt, Purple Finance is expanding its branch network and has secured a BBB- rating, alongside the appointment of two new independent directors, suggesting a focus on institutionalizing operations and enhancing investor confidence.
Purple Finance Limited AGM Voting Results Disclosure
Purple Finance Limited discloses voting results from its 32nd AGM held on June 26, 2026 via video conference.
All nine resolutions were passed including financial statements adoption, director appoint
Allied-Sandeep Jindal Open Offer for 26% of Purple Finance
Mark Corporate Advisors issued an Offer Opening Public Announcement for an open offer to acquire 26% of Purple Finance Ltd at ₹55 per share.
The Committee of Independent Directors deemed the offer pri
Purple Finance Sells ₹23 Crore Loan Portfolio
Purple Finance Ltd discloses sale of ₹23 crore loan portfolio via Direct Assignment under SEBI Regulation 30.
Finance Committee approved the transaction on June 29, 2026, following RBI's Transfer of L
Purple Finance 32nd AGM Proceedings on June 26, 2026
Purple Finance Ltd held its 32nd AGM virtually on June 26, 2026, chaired by Executive Chairman Amitabh Chaturvedi with 55 members present.
The meeting transacted nine resolutions including adoption of
Purple Finance Independent Director Ajay Pandey Resigns
Purple Finance Ltd files SEBI Reg. 30 disclosure for management change effective June 27, 2026.
Independent Director Ajay Kumar Pandey ceases directorship upon completion of his term.
Pandey steps dow
Purple Finance 32nd AGM Proceedings Summary
Purple Finance Limited held its 32nd Annual General Meeting virtually on June 26, 2026, with 55 members present.
Shareholders approved all nine resolutions including FY26 financial statements, directo
Purple Finance Open Offer for 26% at ₹55/Share
Open offer by Allied Commodities, Sandeep Jindal, and PACs to acquire 1.76 crore shares (26%) of Purple Finance at ₹55 per share, aggregating ₹97.06 crore.
Mandatory offer triggered under SEBI SAST Re
Purple Finance Warrant Conversion & Promoter Reclassification
Purple Finance discloses reclassification of Balgopal Commercial Limited (55,000 shares) from non-promoter to promoter group in shareholding pattern.
Intellect Money Finvest Private Limited converted