Purple Finance Limited, a Mumbai-based financial services company, has received shareholder approval for the reclassification of certain promoters from the "Promoter Group" category to the "Public" category. The approval was obtained through a postal ballot process completed on January 02, 2026.

Reclassification Details

The company announced that shareholders have approved the reclassification under Regulation 31A of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The move affects two key stakeholders who will transition from promoter group status to public category.

Regulatory Process

The reclassification process began with board approval in October 2025, followed by receipt of a No Objection Certificate from BSE Limited in November 2025. The company had previously informed the exchange about these developments through intimations dated October 17, 2025, and November 14, 2025.

Recent Portfolio Transaction

In a separate strategic move, Purple Finance announced the sale of a loan portfolio worth Rs. 15.70 crore to Ambit Finvest Private Limited through a Direct Assignment deal. The transaction maintains a 90% ownership structure for Ambit and 10% for Purple Finance, with Purple Finance continuing as the loan servicer.

Corporate Information

Purple Finance Limited operates from its registered office at 11, Indu Chamber, Samuel Street, Mumbai, with corporate offices in Bandra. The company trades on BSE under scrip code 544191 with the symbol PURPLEFIN. These corporate restructuring moves reflect the company's ongoing efforts to optimize its shareholding structure and portfolio management in the competitive financial services sector.

Purple Finance Limited has taken a significant step towards restructuring its shareholder categories. The company's Board of Directors has approved a postal ballot notice seeking shareholder approval to reclassify certain shareholders from the 'Promoter Group' category to the 'Public' category.

Board Approval and Postal Ballot

The board approval for this move was granted through a circular resolution on September 25, 2025. This decision marks a potential shift in the company's ownership structure and could have implications for its governance and public perception.

Shareholder Notification Process

Purple Finance has stated that it will share an intimation regarding the dispatch of the notice and e-voting details with stock exchanges after sending the notice to shareholders. This process ensures transparency and compliance with regulatory requirements.

Regulatory Compliance

In accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Purple Finance has duly informed the BSE Limited about this development. The company's commitment to regulatory compliance is evident in its prompt disclosure of this information.

Accessibility of Information

To maintain transparency, Purple Finance has made this information available on its official website, www.purplefinance.in . Interested parties can access the details there for further information.

Company Details

Purple Finance Limited's registered office is located in Mumbai, with its corporate office in Bandra (E), Mumbai.

This move by Purple Finance to reclassify certain shareholders could potentially impact the company's ownership structure and may be of interest to investors and market analysts. Shareholders are advised to look out for the forthcoming postal ballot notice and participate in the e-voting process to have their say in this important decision.