Intellect Money Finvest Private Limited has completed the conversion of 45,00,000 warrants into equity shares of Purple Finance Limited through preferential allotment. The transaction, completed on February 25, 2026, represents a significant expansion of Intellect Money's stake in the financial services company.

Shareholding Changes

The warrant conversion has substantially altered Intellect Money's ownership structure in Purple Finance. The company's direct shareholding increased from 30,21,480 shares (5.55%) to 75,21,480 shares (13.82%) of the total share capital.

Transaction Details

The conversion involved 45,00,000 warrants that were originally allotted on a preferential basis. This transaction represents 8.27% of Purple Finance's total share capital before the conversion and 5.59% of the diluted share capital.

Impact on Purple Finance Capital Structure

The warrant conversion has expanded Purple Finance's equity base significantly. The company's equity share capital increased from 5,44,24,212 shares to 5,89,24,212 shares following the conversion.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vibha Sandeep Jindal, Director of Intellect Money Finvest Private Limited with DIN 07407158, signed the regulatory filing on March 30, 2026. Intellect Money Finvest is identified as belonging to the promoter group of Purple Finance, which is listed on the Bombay Stock Exchange under scrip code 544191.

Purple Finance Limited has announced the opening of a special window for shareholders to re-lodge transfer requests for physical shares that were previously rejected or returned due to deficiencies. The company published newspaper advertisements on March 25, 2026, in Financial Express (English) and Mumbai Lakshdeep (Marathi) to inform shareholders about this facility.

SEBI Regulatory Framework

The special window has been established pursuant to Securities and Exchange Board of India (SEBI) circulars SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025 and HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. These circulars introduce measures to facilitate ease of investing for investors and secure their rights in securities purchased by them.

Special Window Details

The facility is designed for investors who submitted transfer requests for physical securities prior to April 01, 2019, and whose requests were rejected, returned, or not processed due to deficiencies. Key parameters of the special window include:

Important Conditions

Investors are informed that securities re-lodged for transfer pursuant to the SEBI circular will only be issued in demat form. This represents a shift from physical certificates to electronic format, aligning with current market practices and regulatory requirements.

Merger Impact on Eligibility

The National Company Law Tribunal (NCLT), Mumbai Bench, approved the Scheme of Absorption for the merger of Canopy Finance Limited with Purple Finance Limited on February 15, 2024. Consequently, shareholders of Canopy Finance Limited who had lodged transfer requests prior to April 01, 2019, and whose requests were rejected or returned due to documentation deficiencies, are also eligible to utilize this special window.

Implementation and Communication

The company has fulfilled its regulatory obligations under Regulation 30 read with Schedule III Part A Para A and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice has been made available on the company website at www.purplefinance.in for broader accessibility.

Company Secretary and Compliance Officer Ruchi Nishar signed the regulatory filing on March 25, 2026, emphasizing the company's commitment to facilitating investor convenience and regulatory compliance. The initiative encourages all eligible investors to take advantage of this special window established for their benefit.