Purple Finance shareholders approved all four resolutions at its extraordinary general meeting held on August 31, 2026. The voting results, confirmed by scrutinizer Abhilasha Chaudhary & Associates on September 1, 2026, show unanimous support for the capital structure changes.

The company secured approval for an increase in authorized share capital and the alteration of its Memorandum of Association. Additionally, shareholders granted consent for the acquisition of securities in another body corporate under Section 186 of the Companies Act, 2013.

Key Resolutions Passed

The most significant outcome was the approval to offer, issue, and allot equity shares on a preferential basis. This special resolution paves the way for potential capital infusion or strategic partnerships without a public offer.

Another special resolution approved changing the designation of Mr. Sandeep Jindal from Non-Executive Non-Independent Director to Executive Director, along with approval for his remuneration.

Voting Breakdown

A total of 18,950,433 votes were cast in favour of all resolutions, representing 32.15% of outstanding shares held by eligible voters as on the record date of August 24, 2026. No votes were cast against any resolution.

Promoter group members, holding 21,935,826 shares, accounted for the majority of the voting power exercised, with 100% of their polled votes supporting every agenda item. Public non-institutional investors also voted unanimously in favour, while public institutional investors did not participate in the vote.

Meeting Details

Mr. Amitabh Chaturvedi, Executive Chairman, chaired the proceedings. The meeting commenced at 11:00 am and concluded at 11:15 am. Sixty-nine members attended via video conferencing, satisfying quorum requirements.

Remote e-voting was available from August 27, 2026, to August 30, 2026. One member cast 1,214 invalid votes (marked as abstain) in the remote e-voting process, which were excluded from the final count.

Purple Finance Limited approved the sale of a portion of its loan portfolio worth Rs. 5.38 crores on August 12, 2026, through a Direct Assignment transaction. The Finance Committee of the company authorized the move during its meeting held on that date, aiming to generate accretive income while demonstrating its capacity to originate and manage a quality loan book. Under the agreed terms, the participation ratio between the assignees and Purple Finance Limited is set at 90:10, meaning the company retains a 10% interest in the sold assets. Purple Finance Limited will continue to serve as the servicer for all loans assigned under these arrangements, ensuring continuity in customer relationships and collection processes.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited. The transaction is structured in accordance with the Master Direction – Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025, as amended from time to time. This regulatory framework governs how NBFCs can transfer credit risk and distribute loans, ensuring compliance with central banking standards.

Transaction Details

The key parameters of the loan portfolio sale are outlined below:

Strategic Implications

Management indicated that these Direct Assignment transactions are expected to be income accretive. By selling a portion of the portfolio while retaining a 10% stake, the company balances liquidity generation with continued exposure to asset performance. The decision reaffirms Purple Finance Limited's ability to originate high-quality loans, which can then be distributed to investors seeking specific risk-return profiles. Retaining the servicing role allows the company to maintain operational control over collections and customer interactions, potentially generating fee income alongside its retained equity interest in the portfolio.

Regulatory Compliance

The company emphasized adherence to the RBI’s Master Direction on Transfer and Distribution of Credit Risk for NBFCs. This direction provides the legal basis for non-banking financial companies to sell loans without altering the underlying contractual relationship between the borrower and the original lender, except for the change in ownership of the receivable. By following this route, Purple Finance Limited ensures that the transfer complies with national financial regulations regarding risk distribution among financial institutions.