Purple Finance Limited, a Mumbai-based financial services company, has received requests from two promoter group members to reclassify their shareholding from the 'Promoter Group' to 'Public' category. This development, disclosed in a regulatory filing, marks a potential shift in the company's shareholding structure.

Reclassification Requests

The company has received requests under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 from two individuals:

The combined shareholding of these two promoter group members represents 9.78% of the company's total shares.

Next Steps

Purple Finance Limited has stated that the Board of Directors will consider these reclassification requests in their upcoming board meeting. This consideration is in line with the regulatory requirements set forth by SEBI.

Company Information

Purple Finance Limited's registered office is located at 11, Indu Chamber, 349/353, Samuel Street, Masjid Bunder West, Mumbai – 400003, while its corporate office is at 705/706, 7th Floor, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Guru Nanak Hospital, Bandra (E), Mumbai- 400051.

The reclassification, if approved, could potentially impact the company's shareholding pattern and may be of interest to investors and market watchers. However, the final decision rests with the Board of Directors and regulatory authorities.

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.