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.

Purple Agrotech Industries held its 52nd Annual General Meeting on September 25, 2026, through video conferencing. The meeting focused on adopting financial statements for FY26 and regularizing key board appointments.

The company, formerly known as Purple Entertainment Limited, conducted the proceedings in compliance with Ministry of Corporate Affairs and SEBI circulars. Chairman cum Managing Director and CFO Naishadh Dineshbhai Modi chaired the session, which commenced at 12:30 pm and concluded at 12:55 pm.

Ordinary business transacted

Members received and adopted the audited annual financial statements and reports for the financial year ended March 31, 2026. The meeting also addressed the re-appointment of Chirag Kirtikumar Shah as a director retiring by rotation.

Special resolutions passed

The shareholders approved several special business items aimed at formalizing the current board composition and leadership structure:

• Regularization of the appointment of Pradip Sudhakarbhai Birewar as an additional non-executive and non-independent director.
• Regularization of the appointment of Lata Gaurav Kimtani as an additional non-executive independent director.
• Regularization of the appointment of Manthan Gumansinh Thakor as an additional non-executive independent director.
• Approval of the appointment of Naishadh Dineshbhai Modi as Managing Director and CFO.
• Ratification of the certificate received from Kamlesh Bhojani & Associates, Chartered Accountants, regarding shareholding patterns under SEBI Listing Regulations.

Board composition and attendance

The meeting was attended by key managerial personnel and directors, including the statutory auditor, secretarial auditor, and scrutinizer. Remote e-voting facilities were provided through the PURVA platform from September 22 to September 24, 2026, with results to be declared within two working days.