Purple Finance Ltd — Important, 17-04-2026: Company Update

Purple Finance secured updated credit ratings from India Ratings, which assigned 'IND BBB-/Stable' to new Non-Convertible Debentures (NCDs) worth INR 50 Cr. Existing NCDs of INR 50 Cr and bank loan facilities of INR 125 Cr also had their 'IND BBB-/Stable' rating affirmed. This reflects robust capitalisation, bolstered by recent capital raises of INR 85.15 Cr, and seasoned management. Key challenges include modest operational scale, geographic concentration, and ongoing efforts towards sustainable profitability, aiming for break-even in FY27. This rating supports the company's funding and growth plans.