NewsPurple Finance Limited Makes Timely Interest Payment and Partial Redemption of Non-Convertible Debentures on May 12, 2026Purple Finance Limited Makes Timely Interest Payment and Partial Redemption of Non-Convertible Debentures on May 12, 2026
Purple Finance Limited made a timely interest payment of Rs. 25.17 lakhs and a partial redemption of Rs. 416.75 lakhs on its NCDs (ISIN: INE0CYK07012) on May 12, 2026, as per the scheduled due date. The partial redemption was carried out by face value at INR 1,667 per debenture, with the outstanding principal standing at Rs. 2083.25 lakhs post-redemption. The original issue size of the NCDs was Rs. 25,00,00,000, with monthly interest payments. The disclosure was filed with BSE Limited in compliance with Regulation 57 of SEBI (LODR) Regulations, 2015.
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Purple Finance Limited has fulfilled its obligations under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by making timely payment of interest and effecting a partial redemption of its Non-Convertible Debentures (NCDs) on May 12, 2026. The disclosure was made to BSE Limited in accordance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025. The payments relate to Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures issued by the company.
Interest Payment Details
Purple Finance made its monthly interest payment on the scheduled due date without any delay. The interest payment record date was April 27, 2026, and the actual payment was executed on May 12, 2026, consistent with the due date. The previous interest payment had been made on April 10, 2026. The following table summarises the key details of the interest payment:
| Parameter: | Details |
|---|---|
| ISIN: | INE0CYK07012 |
| Issue Size: | Rs. 25,00,00,000 |
| Interest Amount Due (Rs. in lakhs): | 25.17 |
| Frequency: | Monthly |
| Interest Payment Record Date: | April 27, 2026 |
| Due Date for Interest Payment: | May 12, 2026 |
| Actual Date of Interest Payment: | May 12, 2026 |
| Amount of Interest Paid (Rs. in lakhs): | 25.17 |
| Date of Last Interest Payment: | April 10, 2026 |
| Reason for Delay/Non-Payment: | Not Applicable |
Note: TDS has been deducted as per applicable law.
Partial Redemption Details
Alongside the interest payment, Purple Finance also carried out a partial redemption of the NCDs on May 12, 2026. The redemption was executed by face value, with a face value redemption of INR 1,667 per debenture. The redemption payment record date was April 27, 2026, and the actual redemption was completed on the due date. The key details of the partial redemption are presented below:
| Parameter: | Details |
|---|---|
| ISIN: | INE0CYK07012 |
| Type of Redemption: | Partial Redemption |
| Face Value Redemption per Debenture: | INR 1,667 |
| Redemption Payment Record Date: | April 27, 2026 |
| Due Date for Redemption: | May 12, 2026 |
| Actual Date of Redemption: | May 12, 2026 |
| Amount of Principal Redeemed (Rs. in lakhs): | 416.75 |
| Outstanding Amount (Rs. in lakhs): | 2083.25 |
| Date of Last Interest Payment: | April 10, 2026 |
| Reason for Delay/Non-Payment: | Not Applicable |
Compliance and Certification
The certificate was signed by Ruchi Nishar, Company Secretary and Compliance Officer of Purple Finance, and submitted to the Corporate Relationship Department of BSE Limited. The company confirmed that both the interest payment and partial redemption were made on the due date with no delay or default. The disclosure underscores the company's adherence to its scheduled debt service obligations under the applicable regulatory framework.
Historical Stock Returns for Purple Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.95% | +0.15% | +1.80% | +51.81% | +54.59% | -33.84% |
How will Purple Finance's consistent NCD repayment track record influence its ability to raise fresh debt capital at competitive interest rates in the near future?
With Rs. 2083.25 lakhs still outstanding, what is Purple Finance's refinancing strategy as the remaining NCD principal approaches full redemption?
Could Purple Finance's demonstrated compliance with SEBI listing obligations position it to issue larger or longer-tenure NCD tranches to fund portfolio growth?
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