Purple Finance Limited approves ₹5 crore NCD issuance in Finance Committee meeting
Purple Finance Limited successfully concluded its Finance Committee meeting on March 31, 2026, with approval for NCD issuance worth up to ₹5 crores. The approved securities offer 12.50% annual interest rate with monthly payments and 61-month tenure, to be issued on private placement basis and listed on BSE Limited.
*this image is generated using AI for illustrative purposes only.
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.
| Meeting Details: | Information |
|---|---|
| Date: | March 31, 2026 |
| Duration: | 11:30 a.m. to 11:45 a.m. |
| Venue: | Corporate Office |
| Committee: | Finance Committee of Board of Directors |
| Reference: | PFL/BSE/2025-26/150 |
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.
| NCD Details: | Specifications |
|---|---|
| Total NCDs: | Up to 500 debentures |
| Face Value: | ₹1,00,000 each |
| Total Amount: | Up to ₹5,00,00,000 |
| Interest Rate: | 12.50% per annum |
| Payment Schedule: | Monthly interest payments |
| Tenure: | 61 months from allotment date |
| Listing Exchange: | BSE Limited |
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.
| Financial Structure: | Details |
|---|---|
| Issuance Method: | Private Placement |
| Payment Basis: | Cash, at par |
| Security Type: | Unsecured |
| Transferability: | Transferable |
| Principal Repayment: | At maturity (61 months) |
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.
| Corporate Details: | Information |
|---|---|
| BSE Equity Scrip Code: | 544191 |
| BSE Debt Scrip Code: | 977452 |
| CIN: | L67120MH1993PLC075037 |
| Website: | www.purplefinance.in |
| Compliance Officer: | Ruchi Nishar |
Historical Stock Returns for Purple Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +2.18% | +29.09% | +58.95% | +51.75% | -33.16% |
How will Purple Finance utilize the ₹5 crore proceeds from the NCD issuance to drive business growth and expansion?
What impact might the 12.50% interest rate have on Purple Finance's debt servicing costs and overall financial performance over the 61-month tenure?
Could this private placement signal Purple Finance's preparation for larger public debt offerings or equity fundraising in the near future?
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