Purple wave infocom Limited has submitted a nil disclosure to BSE Limited under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The comprehensive disclosure confirms that no substantial acquisition events or encumbrance activities occurred during FY26 that would require reporting under the regulatory framework.

Regulatory Compliance Filing Details

The company filed the disclosure with BSE Limited's Listing Compliance Department on April 4, 2026, addressing the mandatory reporting requirements under SEBI's takeover regulations. Company Secretary and Compliance Officer Shivani Gupta (Membership No. 56157) digitally signed the submission at 16:28:18 +05'30', ensuring timely regulatory compliance.

Individual Promoter Declarations

Purple Wave Infocom Limited received individual nil disclosures from all promoter group members, each confirming no encumbrance activities during FY26. Three promoters submitted separate declarations dated April 3, 2026, specifically stating no creation, invocation, or release of encumbrance on shares occurred during the financial year.

SEBI Compliance Framework

The regulatory framework under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 requires companies to disclose substantial acquisitions and changes in shareholding patterns. When no such activities take place during a financial year, companies must file nil returns to maintain compliance with SEBI regulations. This disclosure represents standard regulatory housekeeping, confirming Purple Wave Infocom Limited's ongoing compliance during periods of no reportable activity for FY26.

Purple Wave Infocom Limited has successfully completed the incorporation of its wholly owned subsidiary, Nano Theatre Private Limited, in Delhi on 30th March 2026. The company received the Certificate of Incorporation on the same date, marking a significant milestone in its strategic expansion plans within the AV industry.

Subsidiary Incorporation Details

The incorporation of Nano Theatre Private Limited represents the completion of one of the two subsidiary approvals announced during the board meeting held on 26th March 2026. The subsidiary has been established with specific capital structure and operational focus.

Regulatory Compliance and Disclosure

Purple Wave Infocom Limited has fulfilled its regulatory obligations by filing the necessary disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Shivani Gupta confirmed the receipt of the incorporation certificate and submitted the required documentation to BSE Limited.

Strategic Business Expansion

The incorporation of Nano Theatre Private Limited aligns with Purple Wave Infocom's strategic expansion in the AV industry. The subsidiary will focus on expanding the company's business operations within this sector, leveraging the parent company's expertise and market presence.

Other Corporate Developments

This subsidiary incorporation follows other significant corporate developments approved during the board meeting on 26th March 2026, including the introduction of "PWIL ESOP 2026" scheme with 4,00,000 employee stock options, and the acceptance of CEO resignation effective 1st April 2026. The board also approved plans for a second subsidiary incorporation in the United Arab Emirates, subject to regulatory approvals.

Extraordinary General Meeting

The company has scheduled an Extraordinary General Meeting for 9th May 2026 at 02:00 PM to seek shareholder approval for the ESOP scheme. The meeting will be conducted through video conferencing, with notices to be circulated to shareholders via email.