Purple Style Labs Ltd has changed its Corporate Identification Number (CIN) from U18204MH2015PLC267215 to L18204MH2015PLC267215. This update follows the company's listing on the National Stock Exchange (NSE) and BSE Limited (BSE) on September 7, 2026.

The change was made pursuant to an application filed with the Registrar of Companies (ROC), Mumbai - I. The Ministry of Corporate Affairs (MCA) records now reflect the updated status. The company notified both exchanges on September 24, 2026.

Regulatory status update

The listing status of Purple Style Labs in MCA records has been updated from 'Unlisted' to 'Listed'. This administrative change aligns the corporate registry with the company's public trading status. The ROC Mumbai I jurisdiction oversees these filings.

The company confirmed that a copy of the updated Master Data from the MCA website was attached to the intimation letter sent to the exchanges.

Company profile details

Purple Style Labs is a public non-government company limited by shares. It was incorporated on August 6, 2015. The company maintains its registered office in Mumbai, Maharashtra. Its current compliance status is marked as 'Active Compliant'.

The paid-up capital stands at ₹80.06 crore against an authorized capital of ₹108.25 crore. The last Annual General Meeting was held on August 13, 2026. The latest balance sheet date recorded is March 31, 2026.

Purple Style Labs approved a $7 million investment in its wholly owned subsidiary, Purple Style Labs USA, Inc. (PSL USA), during a board meeting held on September 21, 2026. The company will acquire 7 million Class B Common Stock shares at a par value of $1 each.

The transaction is classified as a related-party transaction under Section 2(76) of the Companies Act, 2013. The board confirmed the deal was conducted on an arm's length basis and aligns with the objects of the Initial Public Offer (IPO).

Investment Details

The primary funding source for this acquisition is the net proceeds from the company's recent IPO. Specifically, up to ₹530 million of the net proceeds will be utilized for this purpose. PSL USA will deploy these funds for general corporate purposes, consistent with the disclosures made in the prospectus filed with the Registrar of Companies, Mumbai I, on September 2, 2026.

Subsidiary Profile

PSL USA, incorporated in Delaware on April 16, 2025, operates retail businesses including womenswear, menswear, jewelry, accessories, and kidswear through a physical experience centre in New York City under the trade name Pernia's Pop-Up Studio.

For the period from April 16, 2025, to March 31, 2026, PSL USA reported a turnover of INR 11.58 million. As the entity was incorporated less than three years ago, historical turnover data for previous periods is not available.

Regulatory Approvals

The acquisition requires relevant permission from an authorized dealer bank under the Foreign Exchange Management (Overseas Investment) Rules, 2022. The company expects to complete the acquisition within 30 days of receiving this approval.

Mr. Abhishek Agarwal, Whole-time Director and CEO of Purple Style Labs, also serves as President, Secretary, and Treasurer of PSL USA. His immediate relatives, Ms. Priyanka Agarwal and Ms. Payal Agarwal, are shareholders in the parent company but have no direct interest in the transaction beyond their shareholding.