Purple Finance Limited Schedules Board Meeting on March 24, 2026 to Consider Fund Raising Proposals

1 min read     Updated on 18 Mar 2026, 05:44 PM
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AI Summary

Purple Finance Limited has scheduled a board meeting on Tuesday, March 24, 2026, to consider fund raising proposals through various securities including equity shares, preference shares, warrants, and debentures. The meeting will evaluate multiple methods such as rights issue, qualified institutions placement, and preferential issue, subject to regulatory approvals and shareholder consent. The company has notified BSE Limited in compliance with SEBI LODR Regulation 29, and the trading window for insiders will remain closed until 48 hours after the meeting outcome is declared.

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Purple finance Limited has scheduled a crucial board meeting to explore various fund raising opportunities, marking a significant corporate development for the financial services company.

Board Meeting Details

The company has informed BSE Limited that its Board of Directors will meet on Tuesday, March 24, 2026, at the corporate office to consider comprehensive fund raising proposals. This notification was made in accordance with Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Parameter Details
Meeting Date Tuesday, March 24, 2026
Venue Corporate Office
Purpose Fund raising proposals
Regulatory Compliance SEBI LODR Regulation 29

Fund Raising Options Under Consideration

The board will evaluate multiple avenues for raising capital through the issuance of various securities. The comprehensive proposal includes several financial instruments and methods to provide flexibility in capital mobilization.

Securities Under Consideration:

  • Equity Shares
  • Preference Shares
  • Warrants
  • Debentures
  • Other securities as permitted under applicable law

Proposed Methods:

  • Rights issue
  • Qualified institutions placement
  • Preferential issue
  • Other methods permitted under applicable regulations

Regulatory and Approval Requirements

The fund raising initiative will be subject to obtaining necessary regulatory and statutory approvals as required under applicable laws. Additionally, the company will need to secure approval from its shareholders before proceeding with any chosen fund raising method.

Trading Window Restrictions

In compliance with insider trading regulations, Purple Finance Limited has announced that the trading window will remain closed for company insiders and other relevant persons. This restriction will continue until 48 hours after the declaration of the board meeting outcome, as mandated by the Securities and Exchange Board of India Prohibition of Insider Trading Regulations, 2015.

Company Information

Details Information
BSE Scrip Code (Equity) 544191
BSE Scrip Code (Debt) 977452
Scrip ID (Equity) PURPLEFIN
Scrip ID (Debt) 1225PFL28
Corporate Office 705/706, 7th Floor, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Bandra (E), Mumbai- 400051

The notification was signed by Ruchi Nishar, Company Secretary & Compliance Officer, and submitted to BSE Limited on March 18, 2026. This development represents Purple Finance Limited's strategic approach to capital management and growth financing in the current financial year.

Historical Stock Returns for Purple Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.22%-3.65%-14.97%+47.70%+30.92%-48.65%

What specific growth initiatives or business expansion plans is Purple Finance targeting with the potential capital raise?

How might the choice between equity and debt instruments affect Purple Finance's ownership structure and cost of capital?

Will Purple Finance face competitive pressure from other financial services companies also seeking capital in the current market environment?

Purple Finance Limited Makes Timely Interest Payment of ₹23.49 Lakh on Non-Convertible Debentures

1 min read     Updated on 12 Mar 2026, 06:19 PM
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Purple Finance Limited successfully completed its monthly interest payment of ₹23.49 lakh on non-convertible debentures on March 12, 2026, maintaining perfect compliance with SEBI regulations. The payment relates to debentures with ISIN INE0CYK07012 worth ₹25 crore, with the company demonstrating consistent adherence to its debt obligations through timely monthly payments.

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Purple Finance Limited has fulfilled its debt service obligations by making a timely interest payment of ₹23.49 lakh on its non-convertible debentures on March 12, 2026. The company submitted a compliance certificate to BSE Limited, confirming adherence to regulatory requirements under SEBI guidelines.

Interest Payment Details

The interest payment pertains to the company's Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures. The payment was made in accordance with Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated July 11, 2025.

Parameter: Details
ISIN: INE0CYK07012
Issue Size: ₹25,00,00,000
Interest Amount Paid: ₹23.49 lakh
Payment Frequency: Monthly
Record Date: February 25, 2026
Due Date: March 12, 2026
Actual Payment Date: March 12, 2026

Regulatory Compliance

Purple Finance Limited filed the compliance certificate with BSE Limited through its Company Secretary and Compliance Officer, Ruchi Nishar. The certificate confirms that the company made the interest payment on the exact due date without any delays. The payment amount includes applicable tax deductions as per law.

Payment Schedule

The company maintains a monthly interest payment schedule for these debentures. The previous interest payment was made on February 12, 2026, demonstrating consistent adherence to the payment timeline. The company reported no changes in the payment frequency and cited no reasons for non-payment or delays.

Corporate Information

Purple Finance Limited operates from its registered office in Mumbai's Masjid Bunder West area, with corporate offices located in Bandra East. The company maintains its listing obligations through regular compliance filings and timely debt service payments, reinforcing its commitment to regulatory adherence and investor confidence.

Historical Stock Returns for Purple Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.22%-3.65%-14.97%+47.70%+30.92%-48.65%

More News on Purple Finance

1 Year Returns:+30.92%