Purple Agrotech Industries Limited received an advisory letter from the Bombay Stock Exchange (BSE) on September 24, 2026, citing non-compliance with Regulation 45(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory action stems from the company's name change application submitted on November 11, 2025, seeking approval to rename itself from Purple Entertainment Limited to Purple Agrotech Industries Limited. The BSE observed that the company was in non-compliance with Regulation 45(3) at the time of the application. Although a ratification letter was provided, the details of the non-compliance were referred to the Securities and Exchange Board of India (SEBI).

Regulatory directives and corrective steps

SEBI noted the lapse and advised the company to exercise due caution to prevent recurrence. The specific directives issued include:

• Placing the warning letter and corrective steps taken before the Board of Directors.
• Disseminating a copy of the warning on the stock exchange.
• Informing the exchange upon ratification of the actions taken.

Impact assessment

The company stated that there is no impact on its financial, operational, or other activities as a result of this advisory. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015.

Shareholder Sanjeev Lunkad reduced his shareholding in Purple Agrotech Industries Ltd below the 5% threshold through an open market sale. The transaction involved the disposal of 40,000 equity shares representing 0.46% of the company's total voting capital.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale occurred on September 18, 2026, bringing the acquirer's total stake down to 4.76%.

Transaction details

Lunkad acted in concert with Snehajeev Ventures Pvt. Ltd., Sneha Lunkad, Rushank SS Lunkad, and Riddhi Lunkad. Prior to the sale, the group collectively held 451,637 shares, accounting for 5.22% of the paid-up capital.

The company's equity share capital remains unchanged at ₹86,45,960, comprising 8,64,596 equity shares of ₹10 each. The acquirer confirmed that none of the shares held were encumbered before or after the transaction.