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 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.