Purple Finance Completes Rs 39 Crore Warrant Allotment to Intellect Money Finvest

1 min read     Updated on 28 Oct 2025, 11:58 AM
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Overview

Purple Finance Limited has successfully allotted 1 crore equity share warrants valued at Rs 39 crores to Intellect Money Finvest Private Limited. The Finance Committee approved the allotment on December 12, 2025, completing the preferential issue process with warrants priced at Rs 39 each including a premium of Rs 29 per warrant.

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Purple Finance Limited has successfully completed the allotment of equity share warrants worth Rs 39.00 crores to Intellect Money Finvest Private Limited. The Finance Committee approved the allotment on December 12, 2025, marking the completion of the preferential issue process that was initially approved by the Board of Directors.

Warrant Allotment Details

The Finance Committee meeting, held on December 12, 2025, approved the allotment of warrants under the preferential issue framework. The meeting commenced at 3:30 p.m. and concluded at 3:45 p.m.

Particulars: Details
Allottee: Intellect Money Finvest Private Limited
Number of Warrants: 1,00,00,000 (One Crore)
Issue Price: Rs 39.00 per warrant
Face Value: Rs 10.00 per equity share
Premium: Rs 29.00 per warrant
Total Amount: Rs 39.00 crores
Conversion Ratio: 1 warrant : 1 equity share

Regulatory Compliance

The allotment has been completed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with the preferential issue requirements under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with the Companies Act, 2013.

Capital Structure Enhancement

The company had earlier planned to increase its authorized share capital from Rs 60.00 crores to Rs 70.00 crores by creating an additional 1 crore equity shares of Rs 10.00 face value each. The warrants, once converted, will provide Purple Finance with additional equity capital to strengthen its financial position.

Corporate Communication

The disclosure has been uploaded on the company's website at www.purplefinance.in . Company Secretary and Compliance Officer Ruchi Nishar signed the regulatory filing, ensuring proper documentation of the allotment process.

Market Impact

The successful completion of the warrant allotment represents a significant milestone for Purple Finance Limited in its capital raising efforts. The potential conversion of these warrants into equity shares will provide the Mumbai-based financial services company with enhanced financial resources for its business operations.

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Purple Finance Reports Strong Q2 FY26 Results, Considers Promoter Reclassification

1 min read     Updated on 17 Oct 2025, 06:19 PM
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Reviewed by
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Overview

Purple Finance Limited announced its Q2 FY26 results, showing significant growth. Total income increased by 311% YoY to ₹1110 lacs, while net loss improved by 71% YoY. AUM grew 209% YoY to ₹16309 lacs. The company expanded to 43 branches and aims for ₹250 crores AUM by year-end. The board approved Q2 results and considered reclassification requests from two promoter group shareholders to public category.

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Purple Finance Limited, a fast-growing NBFC serving MSMEs through LAP products, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with considering requests for promoter group reclassification.

Financial Performance Highlights

Purple Finance demonstrated robust growth in the second quarter of FY26, with significant improvements across key financial metrics:

Particulars Q2 FY26 Q1 FY26 QoQ Growth Q2 FY25 YoY Growth
Total Income (₹ in Lacs) 1110.00 618.00 80% 270.00 311%
Net Profit (₹ in Lacs) (162.99) (484.08) 66% improvement (557.17) 71% improvement
AUM (₹ in Lacs) 16309.00 12836.00 27% 5281.00 209%
Gross NPA % 0.87 0.73 19% increase 0.42 107% increase

The company's Assets Under Management (AUM) reached ₹163 crore by the end of September 2025, marking an impressive 209% growth over the past year while maintaining a Gross NPA ratio below 1%.

Operational Expansion

Purple Finance has been actively expanding its reach:

  • Number of branches increased to 43, up 16% from the previous quarter and 95% year-on-year
  • Employee count grew to over 400, an increase from the previous quarter and a significant rise compared to the previous year

Future Outlook

The company aims to reach an AUM of ₹250 crores by the end of the current financial year, supported by deeper market penetration through its expanded network across key MSME clusters.

Board Meeting Outcomes

In a board meeting held on October 17, 2025, from 03:45 p.m. to 05:15 p.m., Purple Finance's directors:

  1. Approved the unaudited financial results for Q2 and H1 FY26, which were reviewed by Jogin Raval & Associates, Chartered Accountants.

  2. Considered requests from two Promoter Group shareholders for reclassification to the Public category:

    • Mr. Ranjana Pathak, holding 41,72,362 shares (7.67%)
    • Mr. Satyaprakash Pathak, holding 11,46,735 shares (2.11%)

Management Commentary

Mr. Amitabh Chaturvedi, commenting on the results, stated, "Our performance in Q2 demonstrates the scalability and resilience of our business model. We are committed to expanding our reach and achieving profitability while maintaining a quality portfolio."

Purple Finance continues to leverage technology and deep industry expertise to drive responsible growth in the MSME-focused lending sector. The company remains focused on serving micro and small enterprises with secured business loans.

Historical Stock Returns for Purple Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.91%-0.73%+37.97%+31.01%-19.54%-46.14%
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