Purple Finance Limited Clarifies Partial Redemption Terms for Non-Convertible Debentures
Purple Finance Limited has clarified to BSE that its NCD partial redemption under ISIN INE0CYK07012 involves face value reduction from INR 10,000 to INR 8,333.34 per debenture, with INR 1,666.67 being redeemed. The payment will be made on May 12, 2026, to eligible holders as per the April 27, 2026 record date. The company provided a detailed six-installment repayment schedule extending until the final maturity date of January 12, 2028, with the total number of NCDs remaining unchanged.
*this image is generated using AI for illustrative purposes only.
Purple Finance Limited has provided detailed clarification to BSE regarding the partial redemption of its Non-Convertible Debentures (NCDs), addressing queries raised by the exchange on April 10, 2026. The clarification pertains to the company's earlier intimation dated April 08, 2026, regarding the record date for partial redemption under ISIN INE0CYK07012.
Partial Redemption Structure
The company has clarified that the proposed redemption is a partial redemption of NCDs, not an early full redemption, and is conducted in accordance with the terms of the Offer Document. The redemption will be executed through face value reduction rather than a reduction in the number of NCDs, ensuring the total number of debentures under the ISIN remains unchanged.
| Parameter: | Details |
|---|---|
| Current Face Value per NCD: | INR 10,000 |
| Face Value Redeemed per NCD: | INR 1,666.67 |
| Post-Redemption Face Value per NCD: | INR 8,333.34 |
| Final Maturity Date: | January 12, 2028 |
| Record Date: | April 27, 2026 |
| Payment Date: | May 12, 2026 |
Repayment Schedule
The company has provided a comprehensive repayment schedule for the debentures, outlining six installments over the remaining tenure. The schedule demonstrates a systematic approach to debt servicing with equal installments of INR 1,667 for the first five payments, followed by a final payment of INR 1,665.
| Installment: | Due Date: | Face Value Redeemed (INR): |
|---|---|---|
| 1 | May 12, 2026 | 1,667 |
| 2 | September 11, 2026 | 1,667 |
| 3 | January 12, 2027 | 1,667 |
| 4 | May 12, 2027 | 1,667 |
| 5 | September 10, 2027 | 1,667 |
| 6 | January 12, 2028 | 1,665 |
| Total: | 10,000 |
Payment and Compliance Details
The payment of interest along with partial redemption proceeds will be made on May 12, 2026, to eligible debenture holders as per the record date of April 27, 2026. The clarification was signed by Ruchi Nishar, Company Secretary and Compliance Officer, and submitted to BSE's Corporate Relationship Department on April 15, 2026.
The company's response addresses BSE's queries comprehensively, providing transparency regarding the redemption mechanism and ensuring compliance with regulatory requirements. The structured approach to partial redemption through face value reduction maintains the integrity of the debenture structure while providing scheduled returns to investors.
Historical Stock Returns for Purple Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.24% | -1.43% | +25.16% | +56.02% | +42.01% | -35.19% |
What factors might influence Purple Finance's ability to meet the remaining five scheduled redemption payments through January 2028?
How could this partial redemption structure impact the trading liquidity and market pricing of Purple Finance's NCDs?
Will Purple Finance consider issuing new debt instruments to refinance the remaining NCD obligations before the 2028 maturity?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
