Shareholder Sanjeev Lunkad reduced his shareholding in Purple Agrotech Industries Ltd below the 5% threshold through an open market sale. The transaction involved the disposal of 40,000 equity shares representing 0.46% of the company's total voting capital.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale occurred on September 18, 2026, bringing the acquirer's total stake down to 4.76%.

Transaction details

Lunkad acted in concert with Snehajeev Ventures Pvt. Ltd., Sneha Lunkad, Rushank SS Lunkad, and Riddhi Lunkad. Prior to the sale, the group collectively held 451,637 shares, accounting for 5.22% of the paid-up capital.

The company's equity share capital remains unchanged at ₹86,45,960, comprising 8,64,596 equity shares of ₹10 each. The acquirer confirmed that none of the shares held were encumbered before or after the transaction.

Purple Agrotech Industries has scheduled its 52nd Annual General Meeting (AGM) for September 25, 2026, to approve director appointments and adopt financial statements. The company reported a profit after tax (PAT) of ₹16.45 lakh for FY26, down from ₹30.80 lakh in FY25.

Financial Performance

The company transitioned from entertainment to wholesale trading in agricultural products and energy drinks during the year. This strategic shift drove revenue from operations to ₹1,999.59 lakh in FY26, compared to nil in the previous year. However, higher operating costs and administrative expenses weighed on profitability.

Other income declined to ₹101.51 lakh from ₹123.01 lakh, primarily due to lower interest income. Total expenses rose significantly to ₹2,077.75 lakh from ₹81.68 lakh, reflecting the ramp-up of trading activities.

AGM Details and Director Appointments

The board approved convening the 52nd AGM via Video Conferencing on September 25, 2026, at 12:30 pm. Shareholders holding shares between September 19 and September 25, 2026, are eligible to vote. Remote e-voting will be available from September 22 to September 24, 2026.

Key resolutions include:

• Re-appointment of Mr. Chirag Kirtikumar Shah as Executive Director.
• Regularization of Mr. Pradip Sudhakarbhai Birewar as Non-Executive Director.
• Appointment of Mrs. Lata Gaurav Kimtani and Mr. Manthan Gumansinh Thakor as Independent Directors.
• Approval of Mr. Naishadh Dineshbhai Modi as Managing Director and CFO, effective November 14, 2025, with remuneration up to ₹12 lakh per annum.

Regulatory Developments

The company disclosed a SEBI penalty of ₹50 lakh and a four-year restraint period imposed on June 30, 2026. An appeal has been filed with the Securities Appellate Tribunal. Additionally, the board ratified a revised certificate from M/s Kamlesh Bhojani & Associates regarding the change of name from Purple Entertainment Limited.

What the Numbers Show

Despite generating nearly ₹2,000 lakh in revenue, the company’s net profit margin contracted sharply to approximately 0.8% from over 25% in FY25 when other income dominated total income. The new trading business model has yet to generate operational profits sufficient to offset the loss of high-margin interest income from the previous year, highlighting the early-stage nature of its agri-commodity operations.