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Purple Finance Limited announced a management transition for Mr. Rajeev Deoras. He has stepped down as Executive Director and Key Managerial Personnel but has been simultaneously re-designated and appointed as the President in a senior management (non-Board) capacity. He will continue to lead strategic and operational directions, maintaining his benefits and responsibilities. His ongoing involvement is crucial for the company's growth, disciplined scaling, risk management, and regulatory alignment, especially as it eyes becoming a Small Finance Bank. This ensures continuity in key leadership.