Purple Finance passes all resolutions at 32nd AGM
Purple Finance disclosed the voting results for its 32nd AGM held on June 26, 2026, confirming that all nine resolutions were passed with the requisite majority. The meeting approved the audited financial statements for FY26, re-appointed Mrs. Minal Amitabh Chaturvedi as a Director, and sanctioned remuneration for executive directors. Additionally, shareholders authorized borrowing powers, the creation of charges on properties, and the issuance of NCDs through private placement.
*this image is generated using AI for illustrative purposes only.
Purple Finance announced the voting results for its 32nd Annual General Meeting held on June 26, 2026, via video conferencing. All nine resolutions put to vote were passed with the requisite majority, including approvals for borrowing powers, the issuance of Non-Convertible Debentures (NCDs), and the re-appointment of key directors. The meeting was scrutinized by Abhilasha Chaudhary & Associates, Practicing Company Secretaries, who confirmed the fairness of the remote e-voting and e-voting processes.
Remote e-voting was conducted from June 22, 2026, to June 25, 2026, for members holding shares as of June 19, 2026. A total of 64 members, including 8 representing the management, attended the meeting through video conferencing. The consolidated scrutinizer report, submitted on June 30, 2026, detailed the voting patterns across promoter and public shareholder categories.
Key Resolutions Passed
Shareholders approved the adoption of audited Financial Statements for the financial year ended March 31, 2026. Mrs. Minal Amitabh Chaturvedi was re-appointed as a Director, while the Board approved the remuneration for Mr. Amitabh Chaturvedi, Executive Chairman and Executive Director, and an increase in remuneration for Mr. Sabyasachi Rath, Executive Director and Chief Executive Officer.
| Resolution Type | Description |
|---|---|
| Ordinary | Adoption of audited Financial Statements for FY26 |
| Ordinary | Re-appointment of Mrs. Minal Amitabh Chaturvedi as Director |
| Special | Remuneration for Mr. Amitabh Chaturvedi |
| Special | Increase in remuneration for Mr. Sabyasachi Rath |
| Special | Appointment of Mr. Sriram Kalyanaraman as Independent Director |
| Special | Re-appointment of Ms. Sumeet Sandhu as Independent Director |
| Special | Borrowings Powers under Section 180(1)(c) |
| Special | Creation of charge on properties under Section 180(1)(a) |
| Special | Issuance of Non-Convertible Debentures via private placement |
Governance and Compliance
The company confirmed that there were no qualifications, observations, or adverse remarks in the Statutory Auditors' Report. Observations made by the Secretarial Auditor were duly noted by the shareholders. CA Jogin Raval & Associates served as the Statutory Auditors. The facility for the appointment of a proxy was not applicable for the 32nd AGM as the meeting was conducted via video conferencing without physical presence.
Historical Stock Returns for Purple Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.67% | +7.87% | +5.92% | +27.41% | +74.52% | -32.19% |
How does Purple Finance plan to utilize the funds raised through the issuance of Non-Convertible Debentures?
What impact will the increased remuneration for top executives have on the company's overall cost structure?
What strategic role will the newly appointed Independent Directors play in Purple Finance's governance?
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