Purple Finance Limited has announced the opening of a special window for shareholders to re-lodge transfer requests for physical shares that were previously rejected or returned due to deficiencies. The company published newspaper advertisements on March 25, 2026, in Financial Express (English) and Mumbai Lakshdeep (Marathi) to inform shareholders about this facility.

SEBI Regulatory Framework

The special window has been established pursuant to Securities and Exchange Board of India (SEBI) circulars SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025 and HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. These circulars introduce measures to facilitate ease of investing for investors and secure their rights in securities purchased by them.

Special Window Details

The facility is designed for investors who submitted transfer requests for physical securities prior to April 01, 2019, and whose requests were rejected, returned, or not processed due to deficiencies. Key parameters of the special window include:

Important Conditions

Investors are informed that securities re-lodged for transfer pursuant to the SEBI circular will only be issued in demat form. This represents a shift from physical certificates to electronic format, aligning with current market practices and regulatory requirements.

Merger Impact on Eligibility

The National Company Law Tribunal (NCLT), Mumbai Bench, approved the Scheme of Absorption for the merger of Canopy Finance Limited with Purple Finance Limited on February 15, 2024. Consequently, shareholders of Canopy Finance Limited who had lodged transfer requests prior to April 01, 2019, and whose requests were rejected or returned due to documentation deficiencies, are also eligible to utilize this special window.

Implementation and Communication

The company has fulfilled its regulatory obligations under Regulation 30 read with Schedule III Part A Para A and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice has been made available on the company website at www.purplefinance.in for broader accessibility.

Company Secretary and Compliance Officer Ruchi Nishar signed the regulatory filing on March 25, 2026, emphasizing the company's commitment to facilitating investor convenience and regulatory compliance. The initiative encourages all eligible investors to take advantage of this special window established for their benefit.

Purple Finance Limited's board of directors convened on March 24, 2026, to address significant business developments and approve major financial initiatives. The comprehensive board meeting resulted in approval of substantial fundraising through non-convertible debentures and strategic portfolio monetization.

NCD Issuance Approval

The board has approved the issuance of up to 25,000 Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures (NCDs). These debentures will be issued on a private placement basis in one or more tranches.

The NCDs will carry a 12% per annum interest rate payable monthly, with the principal amount to be repaid in six installments over the 24-month tenure. The debentures will be secured by first ranking pari passu charge over identified book debts and loan receivables of the company.

Portfolio Sale Under Direct Assignment

The board has also approved the sale of part of its portfolio worth up to ₹37.93 crores under Direct Assignment, in accordance with Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025. This transaction is expected to be income accretive and demonstrates the company's portfolio creation capabilities.

Purple Finance Limited will continue to act as servicer for all loans sold under this arrangement, maintaining operational involvement in the transferred portfolio.

Governance and Compliance Framework

The board has delegated powers to the Finance Committee, a sub-committee of the Board of Directors, for deciding all terms and conditions related to the NCD issuance and connected matters. The NCD issuance will remain within the current borrowing limits applicable under Section 180(1)(c) of the Companies Act, 2013.

Company Secretary and Compliance Officer Ruchi Nishar has ensured all regulatory disclosures under Regulation 30 and Regulation 51(2) of SEBI LODR Regulations are completed. The board meeting commenced at 12:35 PM and concluded at 1:30 PM, with comprehensive deliberations on both strategic initiatives.

Security Structure and Risk Management

The NCDs will feature robust security arrangements including hypothecation over identified book debts and loan receivables. In case of payment default, additional interest at 2% per annum over the base interest rate will be applicable on outstanding principal amounts until the default is cured or debentures are fully redeemed.