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.

Purple Finance Limited, a non-banking financial company (NBFC) focused on serving micro, small, and medium enterprises (MSMEs), has reported significant growth in its operations, with its loan portfolio tripling. The company's assets under management (AUM) have surpassed ₹155.00 crore, marking a substantial increase in its market presence.

Expansion and Market Penetration

Purple Finance has established a strong foothold in the MSME lending sector, operating over 40 branches across six states. The company primarily serves more than 2,500 MSME borrowers in tier III and IV cities, addressing the credit needs of underserved markets. Its focus on small-ticket secured business loans and income-generation credit has proven to be a successful strategy in penetrating these non-urban areas.

Hybrid Lending Model

The company employs a hybrid model that combines digital origination with a local network of representatives. This approach allows Purple Finance to maintain a personal touch while leveraging technology for efficient operations and broader reach.

Ambitious Growth Targets

Looking ahead, Purple Finance has set an ambitious target of reaching ₹500.00 crore in AUM by the fiscal year 2027. To accelerate its market penetration and achieve this goal, the company is exploring strategic acquisitions, particularly in the states of Gujarat and Rajasthan.

Long-Term Vision

As part of its long-term strategy, Purple Finance aspires to transition into a Small Finance Bank. This vision aligns with the company's mission to expand credit access to underserved MSME customers in non-urban areas.

Management's Perspective

Amitabh Chaturvedi, Founder and Executive Chairman of Purple Finance, emphasized the company's mission in a recent press release: "When we started Purple Finance, the mission was clear to unlock credit for the millions of underserved and un-served MSME customers in the non-urban geographies who struggles to access timely & fair credit. The response so far proves this isn't just a large market, it's an essential one for India's real economic growth."

Company Background

Purple Finance Limited, incorporated in 1993, is registered with the Reserve Bank of India as a non-deposit taking NBFC. While the company has been in existence for over three decades, its focused journey in retail secured lending began in 2022. The current leadership team, including three seasoned professionals who partnered with Chaturvedi, brings over 125 years of combined experience from leading financial services institutions.

As Purple Finance continues its growth trajectory, it remains committed to bridging the credit gap for MSMEs in India's smaller cities and towns, viewing this as both a significant opportunity and a responsibility in contributing to the country's economic development.