Purple Finance Limited , a financial services company, has announced a significant portfolio sale to IDFC First Bank Limited. The transaction, approved by the company's Finance Committee on December 4, 2025, involves the sale of a portion of Purple Finance's loan portfolio under Direct Assignment terms, in compliance with Reserve Bank of India (RBI) regulations.

Transaction Details

• Sale Amount: Rs. 17,37,17,439 (Rs. 17.37 crores)
• Buyer: IDFC First Bank Limited
• Transaction Type: Direct Assignment
• Proportion: 90:10 (IDFC:Purple)
• Servicer: Purple Finance Limited (for all loans sold in this arrangement)

This strategic move by Purple Finance Limited is expected to be income accretive and demonstrates the company's ability to create a high-quality loan portfolio. The transaction adheres to the Master Directions - Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, as amended from time to time.

Financial Implications

The sale of this portfolio segment may have implications for Purple Finance's balance sheet. Based on the most recent financial data available:

All figures in Rs. crores

The significant growth in Total Assets and Current Assets over the past year suggests that Purple Finance has been expanding its portfolio. This recent sale of Rs. 17.37 crores worth of loans represents a strategic decision to manage this growth and potentially improve liquidity.

Market Implications

This transaction highlights several key points about Purple Finance Limited's business strategy:

1. Portfolio Management: The company is actively managing its loan portfolio, potentially to optimize its risk profile or to free up capital for new lending opportunities.

2. Strategic Partnerships: The deal with IDFC First Bank indicates Purple Finance's ability to forge partnerships with established banking institutions.

3. Regulatory Compliance: The adherence to RBI guidelines underscores the company's commitment to operating within the regulatory framework.

4. Servicing Capabilities: By retaining the servicing rights for the sold loans, Purple Finance maintains a connection with the borrowers and continues to generate fee income.

As the financial services sector continues to evolve, such strategic moves by companies like Purple Finance Limited warrant attention from investors and market analysts. The impact of this transaction on the company's future financial performance and market position will be an area to watch in the coming quarters.

Purple Finance Limited (PFL) has announced significant changes in its leadership structure and is seeking shareholder approval for key decisions.

Leadership Changes and Board Appointment

On November 17, 2025, Mr. Rajeev Deoras stepped down from his role as Executive Director of Purple Finance Limited. He was immediately reappointed as President in a senior management capacity, albeit not as a board member. Mr. Deoras cited personal reasons for his resignation from the board but will maintain his leadership responsibilities and oversight functions.

In a related development, Purple Finance Limited announced the appointment of Mr. Sandeep Jindal as an Additional Director, designated as Non-Executive Non-Independent Director, effective November 17, 2025. This appointment follows recommendations from the Nomination Remuneration Committee and confirmation from the Reserve Bank of India (RBI).

Shareholder Approval Process

Purple Finance Limited has issued a postal ballot notice seeking member approval for two key matters:

1. Regularizing Sandeep Jindal as Non-Executive Non-Independent Director for a term of 3 years effective November 17, 2025.
2. Reclassifying certain shareholders from the Promoter Group to the Public category.

The e-voting period for these decisions runs from December 4, 2025 to January 2, 2026. The results of the postal ballot are expected to be announced by January 6, 2026.

Strategic Importance

The company highlighted Mr. Deoras's significant contributions to PFL's strategic and operational direction. His extensive experience and ongoing leadership involvement were cited as key factors in the decision to retain him in a senior executive role.

Purple Finance Limited stated that it is entering a high-growth phase, with ambitions of eventually becoming a Small Finance Bank. The company believes that Mr. Deoras's continued involvement will be crucial in ensuring that PFL:

• Scales with discipline
• Upholds the trust of all stakeholders
• Remains fully compliant with all regulatory frameworks

Sandeep Jindal's Background

Mr. Jindal is a Chartered Accountant with over 25 years of experience in NBFCs and capital markets. His expertise in strategic, operational, and business leadership is expected to contribute significantly to the company's board.

Conclusion

These leadership changes and the pending shareholder approvals at Purple Finance Limited appear to be strategic moves to retain key talent while strengthening the board with new expertise. As PFL aims to balance rapid growth with maintaining portfolio quality and regulatory compliance, the combined experience of Mr. Deoras in his new role and Mr. Jindal on the board may prove valuable in navigating the company's ambitious future plans.