The meeting of the Board of Directors of the Company was convened today i.e. Thursday, August 14, 2025, at 03:00 PM at the registered office of the company. The outcome is attached herewith. ....
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The Board of Directors of Purple Entertainment Limited met on August 14, 2025, and approved two key items. First, the unaudited financial results for the quarter ended June 30, 2025, which were also reviewed by statutory auditors H S K & Co LLP with an unmodified conclusion. Total income for Q1 FY26 stood at Rs. 31.43 lakhs, slightly higher than Rs. 31.38 lakhs in the corresponding quarter last year. Profit after tax rose sharply to Rs. 9.90 lakhs (EPS of Rs. 0.11) compared to Rs. 6.27 lakhs (EPS of Rs. 0.07) in Q1 FY25. Second, the Board appointed Mrs. Nidhi Bharatbhai Sarkhedi (DIN: 11225959) as an Additional Director (Non-Executive & Independent) for a five-year term, subject to shareholder approval. She has 5 years of finance experience and is not related to any existing director.
Profit after tax jumped ~58% year-on-year despite flat revenue, indicating improved cost management — a positive signal for shareholders. The addition of an independent director strengthens board composition, though the independent director appointment is pending shareholder ratification.