Purple finance Limited has completed the allotment of 45,00,000 equity shares following the conversion of convertible equity warrants by Intellect Money Finvest Private Limited. The Finance Committee approved this significant capital transaction on February 25, 2026, marking a substantial milestone in the company's fundraising activities.

Warrant Conversion Details

The allotment stems from the original issuance of 1,00,00,000 convertible equity warrants that were allotted on December 12, 2025, following shareholder approval on November 27, 2025, and regulatory clearances from BSE and RBI. Intellect Money Finvest Private Limited, classified as a non-promoter entity, exercised their conversion option for 45,00,000 warrants and paid the requisite balance amount.

Financial Impact and Capital Structure

The warrant conversion has resulted in a significant increase in Purple Finance's paid-up equity share capital. Each newly allotted equity share carries a face value of Rs. 10/- and was issued at Rs. 39/- per share, including a premium of Rs. 29/- per share. The newly issued shares rank pari-passu with existing equity shares in all respects.

Outstanding Warrants and Future Conversion

Out of the total 1,00,00,000 warrants originally allotted, 55,00,000 warrants remain outstanding for conversion. The warrant holders are entitled to convert these remaining warrants into an equal number of equity shares by paying the balance 75% amount within 18 months from the original allotment date of December 12, 2025.

Regulatory Compliance and Next Steps

The company will apply for listing and trading approval from the stock exchange for the newly allotted equity shares in due course. The Finance Committee meeting, which approved this allotment, was conducted on February 25, 2026, commencing at 06:20 p.m. and concluding at 06:29 p.m. The transaction complies with SEBI LODR Regulations and represents a preferential allotment for cash consideration under Chapter V of the SEBI ICDR Regulations.

Purple finance Limited has expanded its operations into Chhattisgarh with the opening of two new branches in Bhilai and Rajnandgaon. This strategic expansion brings the company's total network to 46 branches across 7 states, marking another milestone in its journey toward becoming a pan-India NBFC focused on empowering micro, small and medium enterprises (MSMEs).

Branch Inauguration and Leadership

The new branches were inaugurated by Ajay Kumar Pandey, Independent Director, and Sabyasachi Rath, Executive Director and CEO of Purple Finance. The expansion reinforces the company's commitment to delivering fast, secure, and transparent financial services to MSMEs, particularly in Tier 2 and Tier 3 cities.

Strategic Market Entry

Ajay Kumar Pandey highlighted the strategic rationale behind the expansion, stating that Chhattisgarh represents a logical expansion given the company's strong presence in the Vidarbha region and Madhya Pradesh. He emphasized that the state offers significant potential for MSME growth, and the company's entry will enable small businesses to access secured business loans efficiently and scale their operations.

Sabyasachi Rath noted that Chhattisgarh is an emerging market supported by a strong ecosystem of retailers, distributors, transport operators, and small manufacturers. As a technology-led NBFC, Purple Finance aims to become a key growth partner for the state's emerging MSME clusters.

Product Offerings and Digital Capabilities

Purple Finance offers secured business loans ranging from ₹5 lakh to ₹30 lakh, specifically designed to support India's micro and small enterprises. The company serves diverse business segments including:

• Food processing units
• Dairy businesses
• Kirana stores
• Retail shops
• Small traders

The company leverages a robust digital underwriting platform that provides in-principle loan decisions within just 5 hours, enabling MSMEs to access timely funding and drive business growth with greater confidence and efficiency.

Company Background

Purple Finance Limited is registered with the Reserve Bank of India as an NBFC categorised as Investment and Credit Company. The company entered retail secured lending in 2022 when three seasoned professionals partnered with founder Amitabh Chaturvedi to transform Purple Finance into a digital-first, MSME-focused lender. The founding team brings over 125 years of combined leadership experience from leading financial services institutions. The company is listed on BSE Limited and continues to serve micro and small enterprises with secured business loans, leveraging technology and deep industry expertise to drive responsible growth.