Purple Wave Infocom completed a pilot deployment of its connected smart washroom air-quality and hygiene monitoring solution, HYGI AIR, across 100 retail outlets. The company disclosed the business development to the BSE Limited on August 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The pilot demonstrated the operational capability of the solution, including device connectivity, centralized monitoring, alerts, analytics, and device-health visibility. All deployed devices were connected to the company's centralized monitoring platform and transmitted field data for remote monitoring.

Commercial Evaluation

Following the pilot, Purple Wave Infocom is evaluating and preparing for commercial deployment of HYGI AIR. The potential rollout targets fuel-retail and other distributed or high-footfall facilities. Any commercial deployment remains subject to customer requirements, commercial negotiations, deployment schedules, and applicable statutory and regulatory requirements.

The solution extends the company's technology portfolio into connected sensing, cloud-based monitoring, analytics, and managed service support for distributed facilities.

Regulatory Clarification

The company clarified that this update does not represent any confirmed purchase order, binding contract, assured revenue, financial guidance, or guarantee of future business. Commercial deployments and revenues will depend on customer approvals, product configuration, market conditions, and other applicable factors.

Shivani Gupta, Company Secretary & Compliance Officer, signed the disclosure.

purple wave infocom disclosed a deviation in the utilization of funds raised through its Initial Public Offer (IPO) for the half year ended March 31, 2026. The company, which raised ₹31.45 crore on December 05, 2025, utilized ₹12.91 crore to purchase an alternative commercial property in Gurugram after the originally identified property in New Delhi could not be acquired due to non-completion of the transaction by the seller.

The deviation was reviewed by the Audit Committee, which noted that while the location of the property changed, the overall object of utilizing the proceeds for purchasing commercial office space remained unchanged. The funds were directed towards Unit No. 810A, 8th Floor, Neo Square, Sector 109, Gurugram, instead of the initially planned 3rd Floor, MNG Tower, Dwarka, New Delhi.

Infomerics Valuation and Rating Limited acted as the monitoring agency for the fund utilization. The company stated that the deviation was not pursuant to any change in terms of a contract or objects approved by shareholders. The primary objects for raising the funds included funding capital expenditure for office space, repayment of borrowings, and general corporate purposes.

The table below details the deviation in fund allocation for the capital expenditure requirement: