Purple Finance Limited has successfully concluded its postal ballot process with all four proposed resolutions receiving overwhelming shareholder approval. The company announced the voting results on March 10, 2026, following the completion of the e-voting period on March 08, 2026.

Voting Process and Participation

The postal ballot was conducted entirely through remote e-voting, with the voting period commencing on Saturday, February 07, 2026, at 09:00 a.m. and concluding on Sunday, March 08, 2026, at 05:00 p.m. CS Abhilasha Chaudhary of Abhilasha Chaudhary & Associates served as the scrutinizer for the process, ensuring transparency and compliance with regulatory requirements.

Resolution-wise Voting Results

All four resolutions presented to shareholders achieved the requisite majority for approval. The voting breakdown demonstrates strong support from both promoter and public shareholders across different categories.

Resolution 1: Authorized Share Capital Increase

The ordinary resolution for increasing authorized share capital and consequent alteration to the capital clause of the Memorandum of Association received unanimous approval with 17,093,257 votes in favor and zero votes against.

Resolution 2: Convertible Warrants Issuance

The special resolution for issuance of convertible warrants on preferential basis was approved with 17,093,256 votes in favor and only 1 vote against, representing 99.99% approval.

Resolution 3: Articles of Association Alteration

The special resolution for alteration of articles of association received complete unanimous support with 17,093,257 votes in favor and no opposing votes.

Resolution 4: Memorandum of Association Changes

The special resolution for alteration of Memorandum of Association pursuant to change in objects of the company was approved with 17,093,256 votes in favor and 1 vote against.

Shareholder Category Participation

The voting participation varied across different shareholder categories, with promoter and promoter group showing significant engagement in the process.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The scrutinizer's report was submitted on March 09, 2026, confirming the validity and transparency of the entire voting process.

The company has made the voting results and scrutinizer's report available on its website at www.purplefinance.in , ensuring transparency and accessibility for all stakeholders. The resolutions are deemed to have been passed on March 08, 2026, the last day of the voting period.

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.