Purple Finance Limited, a Mumbai-based financial services company, has announced a strategic move to sell a portion of its loan portfolio to Ambit Finvest Private Limited. The transaction, approved by Purple Finance's Finance Committee, involves a Direct Assignment deal worth Rs. 15.70 crore.

Key Details of the Transaction

Strategic Implications

The company describes this transaction as income accretive, suggesting it will positively impact Purple Finance's financial performance. Moreover, the deal is seen as a reaffirmation of the company's ability to create a high-quality loan portfolio.

Regulatory Compliance

The transaction adheres to the Master Directions – Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, as amended from time to time. Purple Finance has duly informed the BSE Limited about this development, in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Additional Corporate Updates

In a separate announcement on the same day, Purple Finance also disclosed that its Board of Directors has approved a notice of postal ballot. This ballot seeks shareholder approval for the re-classification of certain shareholders from the "Promoter Group" category to the "Public" category.

Company Information

• Registered Office: 11, Indu Chamber, 349/353, Samuel Street, Masjid Bunder West, Mumbai – 400003
• Corporate Office: Bandra, Mumbai
• BSE Listing: Scrip Code 544191, Scrip ID PURPLEFIN
• CIN: L67120MH1993PLC075037

These strategic moves highlight Purple Finance's active management of its loan portfolio and corporate structure, potentially positioning the company for future growth and operational efficiency 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.