Purple Entertainment Limited, now known as Purple Agrotech Industries Limited, has announced significant changes to its board structure and leadership team, effective November 14, 2025. The company has seen a series of resignations and appointments that mark a substantial shift in its governance structure.

Board Resignations

Four independent directors have stepped down from their positions:

1. Mr. Alkesh Ajitkumar Shah
2. Ms. Dimple Alkeshkumar Shah
3. Mr. Mahavir Kamleshbhai Viramgami
4. Ms. Nidhi Bharatbhai Sarkhedi

All four directors cited professional commitments and pre-occupations as reasons for their resignations, effective from the closing hours of November 14, 2025. The company has confirmed that there are no material reasons for these resignations beyond those mentioned in their respective resignation letters.

Leadership Changes

Concurrent with these resignations, the company has made significant changes to its leadership:

New Managing Director and CFO

Mr. Naishadh Dineshbhai Modi has been promoted from his position as Executive Director to Managing Director for a term of five years, subject to shareholder approval. Additionally, Mr. Modi has been appointed as the Chief Financial Officer (CFO) of the company, effective immediately.

Transition of Former Managing Director

Mr. Chirag Kirtikumar Shah has stepped down from his role as Managing Director due to personal reasons and other pre-occupations. However, he will continue to serve on the board as a Director of the company.

Committee Reconstitution

Following these changes, Purple Agrotech Industries has reconstituted its board committees, effective November 15, 2025:

Financial Results Approval

Amidst these organizational changes, the Board of Directors has approved the unaudited financial results for the second quarter and six months ended September 30, 2025. The detailed financial results are expected to be released separately.

These sweeping changes in Purple Agrotech Industries' leadership and board structure signal a new phase for the company. Stakeholders will be watching closely to see how these changes impact the company's strategic direction and performance in the coming months.

Purple Entertainment Limited has recently become the target of a significant market move by Dealmoney Commodities Private Limited. On November 4, 2025, Dealmoney Commodities acquired a stake in Purple Entertainment through the purchase of 100,000 equity shares via open market transactions.

Key Details of the Acquisition

Impact on Purple Entertainment's Share Capital

The acquisition represents 1.16% of Purple Entertainment's total share capital. Here's a breakdown of the company's share capital structure:

The newly acquired shares will rank pari-passu with the existing equity shares of Purple Entertainment Limited, meaning they will have equal rights in terms of dividends, voting, and other matters.

Regulatory Compliance

This acquisition disclosure was made in compliance with the Securities and Exchange Board of India (SEBI) regulations concerning substantial acquisition of shares and takeovers. Such transparency ensures that all stakeholders and market participants are informed about significant changes in ownership structures of listed companies.

While the specific strategic implications of this acquisition are not detailed in the available information, such moves often indicate potential interest in the target company's business or market position. Investors and market analysts may want to monitor any further developments or announcements from either Dealmoney Commodities or Purple Entertainment Limited in the near future.

As always, it is advisable for investors to conduct their own research and consider multiple factors before making investment decisions based on such corporate actions.