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.

Purple Finance Limited's Finance Committee has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹5.00 crores in their meeting held on March 31, 2026. The committee, which was scheduled to consider various fund raising proposals, concluded with the approval of a specific NCD issuance plan on a private placement basis.

Meeting Outcome and NCD Approval

The Finance Committee meeting, held at the company's Corporate Office on March 31, 2026, from 11:30 a.m. to 11:45 a.m., resulted in the approval of a comprehensive NCD issuance plan. The committee considered and approved the issuance under Regulation 30 and Regulation 51(2) of SEBI LODR Regulations, 2015.

NCD Issuance Specifications

The approved NCDs will be subordinated, unsecured, rated, listed, redeemable, transferable, and INR denominated securities issued on a private placement basis. The issuance will be conducted in one or more tranches within the company's current borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

Financial Terms and Structure

The NCDs carry an attractive interest rate of 12.50% per annum with monthly payment schedules, providing regular income to investors. The principal amount will be repaid on the maturity date, which is 61 months from the deemed date of allotment.

Regulatory Compliance and Corporate Information

The NCD issuance complies with SEBI regulations and has been communicated to BSE Limited with the required disclosures. Company Secretary and Compliance Officer Ruchi Nishar signed the regulatory communication, ensuring adherence to all applicable provisions.