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 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.

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.