Dealmoney Commodities Increases Stake in Purple Entertainment to 7.53%

Purple Entertainment Limited has seen a significant change in its shareholding structure as Dealmoney Commodities Private Limited increased its stake in the company through a series of open market purchases.

Key Highlights

Acquirer: Dealmoney Commodities Private Limited
Target Company: Purple Entertainment Limited
ISIN: INE905R01016

Transaction Details

Aspect	Details
Shares Acquired	2,07,000
Acquisition Method	Open Market Purchases
Acquisition Period	December 2-5, 2025
Face Value per Share	INR 10.00

Shareholding Change

Period	Shareholding Percentage
Before Acquisition	5.14%
After Acquisition	7.53%

Dealmoney Commodities Private Limited has significantly increased its stake in Purple Entertainment Limited. The acquirer purchased a total of 2,07,000 shares through multiple transactions in the open market between December 2 and December 5, 2025.

This strategic move has resulted in Dealmoney Commodities Private Limited increasing its shareholding from 5.14% to 7.53% of Purple Entertainment's total equity. The shares acquired have a face value of INR 10.00 each.

Impact and Implications

The substantial increase in Dealmoney Commodities' stake could potentially signal confidence in Purple Entertainment's future prospects. However, it's important to note that this change in shareholding does not necessarily indicate any immediate operational or strategic changes for Purple Entertainment Limited.

Investors and market analysts may want to keep a close eye on any further developments or announcements from either Dealmoney Commodities Private Limited or Purple Entertainment Limited that could provide insights into the rationale behind this increased investment.

As per regulatory requirements, the details of this transaction have been disclosed, ensuring transparency for all stakeholders involved.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.76%	-12.28%	-12.28%	+33.33%	+11.61%	-70.67%

Purple Entertainment Limited, now known as Purple Agrotech Industries Limited, has announced significant changes to its board structure and leadership team, effective November 14, 2025. The company has seen a series of resignations and appointments that mark a substantial shift in its governance structure.

Board Resignations

Four independent directors have stepped down from their positions:

Mr. Alkesh Ajitkumar Shah
Ms. Dimple Alkeshkumar Shah
Mr. Mahavir Kamleshbhai Viramgami
Ms. Nidhi Bharatbhai Sarkhedi

All four directors cited professional commitments and pre-occupations as reasons for their resignations, effective from the closing hours of November 14, 2025. The company has confirmed that there are no material reasons for these resignations beyond those mentioned in their respective resignation letters.

Leadership Changes

Concurrent with these resignations, the company has made significant changes to its leadership:

New Managing Director and CFO

Mr. Naishadh Dineshbhai Modi has been promoted from his position as Executive Director to Managing Director for a term of five years, subject to shareholder approval. Additionally, Mr. Modi has been appointed as the Chief Financial Officer (CFO) of the company, effective immediately.

Transition of Former Managing Director

Mr. Chirag Kirtikumar Shah has stepped down from his role as Managing Director due to personal reasons and other pre-occupations. However, he will continue to serve on the board as a Director of the company.

Committee Reconstitution

Following these changes, Purple Agrotech Industries has reconstituted its board committees, effective November 15, 2025:

Committee	Chairman	Members
Audit Committee	Jalpaben Nirav Joshi (Independent Director)	Manthan Gumansinh Thakor (Independent Director), Naishadh Dineshbhai Modi (Managing Director)
Nomination and Remuneration Committee	Manthan Gumansinh Thakor (Independent Director)	Jalpaben Nirav Joshi (Independent Director), Pradip Sudhakarbhai Birewar (Non-Independent Non-Executive Director)
Stakeholders Relationship Committee	Pradip Sudhakarbhai Birewar (Non-Independent Non-Executive Director)	Manthan Gumansinh Thakor (Independent Director)

Financial Results Approval

Amidst these organizational changes, the Board of Directors has approved the unaudited financial results for the second quarter and six months ended September 30, 2025. The detailed financial results are expected to be released separately.

These sweeping changes in Purple Agrotech Industries' leadership and board structure signal a new phase for the company. Stakeholders will be watching closely to see how these changes impact the company's strategic direction and performance in the coming months.