Purple Finance Board Meeting Outcome
Purple Finance approved a ₹8.74 Cr loan sale, ₹16.09 Cr warrant conversion, and ₹19.44 Cr preferential issue, raising ₹44.27 Cr total.
- Value
- ₹44.27 Cr
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Purple Finance approved a ₹8.74 Cr loan sale, ₹16.09 Cr warrant conversion, and ₹19.44 Cr preferential issue, raising ₹44.27 Cr total.
Purple Finance approved the acquisition of 100% of Saksham Gram Credit for Rs. 99 Crore and a separate preferential share issue of Rs. 28.80 Crore.
Purple Finance Limited announced a change in the designation of Mr. Sandeep Jindal, who transitions from Non-Executive Director to Executive Director, effective September 1, 2026.
Purple Finance's board approved Q1 FY27 financial results, a ₹20 Crore NCD issuance, and the acquisition of Saksham Gram Credit Private Limited.
Purple Finance approved the appointment of Mr. Sriram Kalyanaraman and re-appointment of Ms. Sumeet Sandhu as Independent Directors. Both appointments are for three-year terms.
Purple Finance approved the issuance of ₹350 Crore in Non-Convertible Debentures. The board also appointed new directors and scheduled the 32nd Annual General Meeting.