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

Purple Finance Limited is subject to an open offer from Allied Commodities Private Limited, Mr. Sandeep Jindal, and associated entities to acquire up to 1,76,48,152 equity shares, representing 26.00% of the company's total voting capital, at ₹55.00 per share. This cash offer, totaling approximately ₹97.06 Cr, aims for joint control and follows recent convertible warrant allotments. The acquirers seek to strengthen their financial services presence. RBI approval for the acquisition and control change has been obtained. Shareholders can tender their shares during the offer period. Independent Directors will publish their views on the offer for shareholders.