Purple Finance Limited’s Finance Committee has approved the sale of a portion of its loan portfolio worth up to Rs 23.00 crores to enhance income generation. The decision, taken on June 29, 2026, involves transactions under the Direct Assignment route in compliance with the Reserve Bank of India's Master Direction regarding the transfer of loan exposures. The move is expected to be income accretive and demonstrates the company's capability to originate a quality loan portfolio.

Under the arrangement, the participation ratio between the assignees and purple finance is set at 90:10. The company will retain a 10% stake in the assigned loans while continuing to act as the servicer for all loans transferred under these agreements. This structure allows the company to maintain its relationship with borrowers while freeing up capital.

The sale was approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions adhere to the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021, as amended from time to time.

Purple Finance Limited announced that Mr. Ajay Kumar Pandey ceased to be an Independent Director of the company effective June 27, 2026, upon the completion of his term. This change in management was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consequent to the cessation of his directorship, Mr. Pandey also stepped down from his positions as Chairman of the Audit Committee and the Stakeholders’ Relationship Committee. Additionally, he ceased to be a Member of the Nomination & Remuneration Committee.

The company confirmed that despite this departure, the constitution of its committees continues to be in compliance with the applicable provisions of the SEBI LODR Regulations. The disclosure was signed by Ruchi Nishar, Company Secretary & Compliance Officer.

The following table details the change in management: