Purple Finance Ltd — Important, 06-08-2026: Company Update

Purple Finance's board approved strategic initiatives at its recent meeting. The company plans to increase its authorized share capital from Rs. 82.60 Cr to Rs. 97.60 Cr. A key move is the acquisition of Saksham Gram Credit Private Limited for approximately Rs. 99 Cr, making it a wholly-owned subsidiary. This deal involves a share swap of nearly 1 crore equity shares, plus a Rs. 27 Cr cash component. Additionally, Purple Finance will issue 40 lakh equity shares preferentially for Rs. 28.80 Cr. These proposals await shareholder approval at an upcoming Extra-Ordinary General Meeting.