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

Purple Finance's board approved a significant expansion, increasing authorized share capital from Rs 82.60 Cr to Rs 97.60 Cr. Key approvals include the acquisition of Saksham Gram Credit Private Limited for approximately Rs 99 Cr, making it a wholly-owned subsidiary. This acquisition involves a share swap of nearly 1 Cr equity shares and a cash payment of Rs 27 Cr. Additionally, the company will issue 40 lakh equity shares for Rs 28.80 Cr on a preferential basis. These actions, subject to shareholder approval, aim to bolster Purple Finance's business.