Purple Finance has allotted 1,26,00,000 equity share warrants on a preferential basis at an issue price of ₹55 per warrant, aggregating to ₹69.30 crore. The Finance Committee approved the allotment during a meeting held on June 15, 2026. The warrants are convertible into an equivalent number of fully paid-up equity shares with a face value of ₹10 each, inclusive of a premium of ₹45 per warrant.

The company has received 25% of the aggregate issue amount, totaling ₹17,32,50,000, in accordance with SEBI ICDR Regulations. The balance amount is payable upon the exercise of warrants by the holders, which must occur after six months and within 18 months from the date of allotment. The warrants are subject to lock-in periods as per applicable regulations.

Allotment Details

The preferential allotment was made to eight investors, including promoters and non-promoters. Mr. Sandeep Jindal, classified as a non-promoter in this allotment, will be designated as a promoter of the company upon the completion of the ongoing open offer. The warrants are allotted in electronic form and rank pari passu with existing equity shares upon conversion.

Conversion Terms

Warrant holders may exercise the conversion option in one or more tranches on or before the completion of 18 months from the date of allotment. If holders fail to exercise the conversion within this period, the entitlement to conversion will lapse, and the upfront consideration paid will be forfeited. The company will intimate the exchange upon the conversion of the warrants. As the warrants are yet to be converted, there is no immediate change in the paid-up equity share capital of Purple Finance.

Purple Finance Limited completed the dispatch of letters to shareholders and debenture holders whose email addresses are not registered with the company or its Registrar and Transfer Agent, Purva Sharegistry (India) Private Limited, on June 03, 2026. The correspondence provides the web-link where the Annual Report for the financial year 2025-26 is uploaded on the company's website. This action was taken pursuant to Regulation 30 and 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company reminded security holders holding securities in physical mode to update KYC details, including PAN, address, mobile number, and bank account details, in compliance with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 07, 2024. The circular mandates that folios without updated details will receive payments such as dividend, interest, or redemption only through electronic mode effective April 1, 2024. Shareholders are also encouraged to register their email IDs and dematerialise physical securities to avail online services.

The 32nd Annual General Meeting (AGM) of the members is scheduled to be held on Friday, June 26, 2026, at 03:00 P.M. via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The facility for remote e-voting is available, with the cut-off date for voting set as Friday, June 19, 2026. The Annual Report and AGM notice are accessible on the company's website at www.purplefinance.in .

Purple Finance Limited reported a substantial increase in revenue for FY 2025-26, with revenue from operations rising to ₹4,764.79 lakhs from ₹1,472.00 lakhs in the previous year. Despite the revenue growth, the company reported a net loss of ₹644.10 lakhs, a reduction from the net loss of ₹1,554.82 lakhs in FY 2024-25. Total Assets under Management (AUM) as of March 31, 2026, stood at ₹24,901.13 lakhs, growing approximately 142% from the prior year.

Operational highlights include the expansion of the branch network to 46 across seven states and a gross loan book growth of approximately 87% to ₹16,770.95 lakhs. The company obtained a Corporate Agent License from IRDAI in June 2025 and voluntarily delisted from the Calcutta Stock Exchange Limited effective July 25, 2025.