Purple Finance Ltd — Important, 01-01-1970: Company Update

Allied Commodities Private Limited and Mr. Sandeep Jindal, along with associated entities, have initiated an open offer to acquire up to 1.76 Crore equity shares of Purple Finance Limited. This represents 26.00% of the company's emerging voting capital at ₹55 per share, totaling ₹97.06 Crore. The goal is to gain joint control of Purple Finance, an NBFC specializing in secured lending to MSMEs. Purple Finance's board recently approved a preferential issue of 1.26 Crore convertible warrants. The offer is conditional on Reserve Bank of India approval. Independent Directors will release their opinion on the offer, which runs from April 08, 2026, to April 22, 2026. This move is key for shareholders as it signals a significant change in company control.