Purple Finance Limited has successfully completed the allotment of subordinated non-convertible debentures worth ₹5.00 crores, marking the execution of its previously approved capital raising initiative. The Finance Committee had earlier approved comprehensive debenture issuances totaling ₹30.00 crores along with a strategic portfolio sale transaction.

Completed Debenture Allotment

The Finance Committee approved through circular resolution the allotment of 500 subordinated, unsecured, unrated, unlisted, redeemable, transferable, INR denominated, non-convertible debentures to Mr. Anil Prithviraj Kumar. The allotment was completed on January 06, 2026.

Original Debenture Issuance Framework

The Finance Committee had previously approved two distinct debenture offerings on a private placement basis totaling ₹30.00 crores:

Interest and Repayment Structure

The completed subordinated debentures offer monthly interest payments at 12.50% per annum. The principal amount will be fully redeemed at par on the final redemption date of February 06, 2031. These debentures are unsecured and will be listed on BSE Limited in due course.

The senior secured debentures, when issued, will be backed by a first ranking pari passu charge over identified book debts and loan receivables. In case of payment default, an additional 2.00% per annum will be charged over the outstanding principal amount.

Portfolio Sale Transaction

Alongside the debenture program, the committee had approved the sale of a loan portfolio worth ₹8.66 crores to Vaastu Housing Finance Corporation Limited under a Direct Assignment arrangement.

The company maintains that this Direct Assignment transaction will be income accretive and demonstrates its ability to create quality loan portfolios while continuing operational involvement through loan servicing.

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.