Purple Wave Infocom Limited has announced that its board meeting is scheduled to be held on Thursday, May 28, 2026. The meeting will be conducted pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Board Meeting

The primary focus of the meeting will be to consider and approve the audited financial results of the company for the year ended March 31, 2026, along with the audit report. In addition to the financial results, the board will deliberate on the appointment of Mrs. Sandhya Singh (Whole Time Director) as the Chief Executive Officer (CEO) of the company. The agenda also includes any other matter with the permission of the Chair.

Trading Window Closure

In continuation of a previous intimation, the company has informed that the trading window for dealing in the securities of Purple Wave Infocom Limited shall remain closed. This closure will be in effect until 48 hours after the declaration of the audited financial results.

Key Meeting Details

Purple Wave Infocom has disclosed an update regarding the utilization of its IPO proceeds earmarked for funding capital expenditure requirements towards purchasing an office space cum product display area. The company filed the disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 14, 2026.

Original Property Acquisition Falls Through

The company had originally proposed to utilize a portion of its IPO proceeds to purchase an office space cum product display area at 3rd Floor, MNG Tower, Plot No. 1 & 2, Pocket A-2, Sector – 17, Dwarka, New Delhi, Delhi, 110078, as disclosed in its Prospectus filed in connection with the Initial Public Offer. However, subsequent to the IPO, the owner of the said property communicated their inability to proceed with the proposed sale transaction. Due to circumstances beyond the control of the company, the proposed acquisition could not be completed.

Board Authorizes Alternate Property Search

In response to this development, the Board of Directors, at its meeting held on December 24, 2025, took note of the situation and, in the interest of implementing the stated IPO object within reasonable timelines, authorized Mr. Manoj Kumar Singh to identify and finalize an alternate suitable property. The outcome of the Board Meeting was duly intimated to the Exchange in compliance with applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Alternate Property Acquired in Gurugram

Following the Board's authorization, the company acquired an alternate property, the details of which are outlined below:

The purchase of the alternate property was duly intimated to the Stock Exchange. The company has clarified that the object and intended utilization of funds remain unchanged.

Key Clarifications by the Company

Purple Wave Infocom provided the following clarifications regarding the utilization of IPO proceeds:

• There has been no change in the overall object of utilization of IPO proceeds.
• The funds have continued to be utilized for the same identified purpose, namely purchasing an office space cum product display area.
• There has been no material deviation in the intended utilization amount allocated for the said object.
• The relevant developments were duly intimated to the Exchange from time to time.

The company stated that it remains committed to maintaining high standards of corporate governance, transparency, and compliance with applicable regulatory requirements. The disclosure was signed by Shivani Gupta, Company Secretary and Compliance Officer (Mem No. 56157).