Purple Finance Limited has announced the successful allotment of non-convertible debentures worth ₹5,00,00,000 on private placement basis. The Finance Committee of the Board of Directors approved this allotment through circular resolution dated April 06, 2026, marking a significant fundraising milestone for the company.

Debenture Allotment Details

The company has allotted 500 subordinated, unsecured, rated, listed, redeemable, transferable, INR denominated non-convertible debentures to Mr. Sanjeev Prithviraj Kumar on April 06, 2026. Each debenture carries a face value of ₹1,00,000, bringing the total allotment value to ₹5,00,00,000.

Interest and Tenure Structure

The non-convertible debentures offer competitive terms with an interest rate of 12.50% per annum payable monthly. The debentures have a tenure of 61 months, with maturity scheduled for May 06, 2031.

Listing and Regulatory Compliance

The debentures will be listed on BSE Limited, providing liquidity options for the investor. The allotment has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Security and Risk Profile

The debentures are subordinated and unsecured instruments, with no specific charge or security created over the company's assets. The instruments are rated and transferable, providing flexibility to the investor. No special rights, interests, or privileges are attached to these debentures beyond the standard terms outlined in the issuance documentation.

Purple Finance Limited has issued a material update to its postal ballot notice, correcting a shareholding pattern classification error that was identified following regulatory disclosure requirements. The company received an intimation from Intellect Money Finvest Private Limited under Regulation 29 of the SEBI (SAST) Regulations, 2011 on March 30, 2026.

Shareholding Classification Correction

The primary revision involves the reclassification of Balgopal Commercial Limited from the non-promoter category to the promoter group category. This correction affects the shareholding pattern previously disclosed in the postal ballot notice dated February 06, 2026, and its corrigendum dated March 07, 2026.

The company clarified that this revision pertains only to the classification change, with no alteration in the number of shares held or voting rights by the entity.

Revised Shareholding Pattern

The corrected shareholding structure shows significant changes in promoter holdings between pre-issue and post-issue scenarios:

Warrant Conversion Disclosure

Intellect Money Finvest Private Limited, identified as belonging to the promoter group, disclosed the conversion of warrants into equity shares under SEBI regulations. The disclosure reveals the acquisition of 45,00,000 equity shares through preferential allotment on February 25, 2026.

The total equity share capital increased from 5,44,24,212 shares to 5,89,24,212 shares following this acquisition, while the total diluted share capital stands at 8,04,77,505 shares.

Regulatory Compliance

The material update was communicated to BSE Limited through the Corporate Relationship Department, with Company Secretary and Compliance Officer Ruchi Nishar signing the disclosure on March 31, 2026. The revision ensures accurate representation of the company's ownership structure in compliance with regulatory requirements and provides stakeholders with the corrected shareholding information for informed decision-making regarding the postal ballot matters.