Purple Finance Ltd — Board Meeting, 15-05-2025: Board Meeting

Purple Finance Limited has announced a board meeting to approve key corporate actions including the Management Discussion and Analysis Report, Directors Report, and issuance of Non-Convertible Debentures via private placement up to Rs. 150 Cr, subject to shareholder approval. The company has increased its authorized share capital from Rs. 55.60 Cr to Rs. 60 Cr. It has also approved the Notice for the 31st Annual General Meeting and finalized the terms for a Rights Issue of 96.04 lakh equity shares priced at Rs. 42 each, aggregating to over Rs. 40 Cr, aiming to raise fresh capital from existing shareholders. Rights Entitlements will be credited to eligible shareholders’ demat accounts under ISIN INE0CYK20023 ahead of issue opening.