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

Purple Finance's Board has approved the acquisition of Saksham Gram Credit Private Limited as a wholly-owned subsidiary for ₹99 Crore. This strategic move will significantly expand Purple Finance's national footprint from over 50 to nearly 200 branches across 12 states, strengthening its presence in rural and semi-urban markets and establishing a foothold in Southern India. Concurrently, the Board also approved a preferential allotment of approximately 1.4 crore equity shares at ₹72 per share, raising approximately ₹101 Crore. This acquisition enhances Purple Finance's distribution network and deepens its market reach, supporting its long-term aspiration of becoming a Small Finance Bank.