Board of Directors of the Company have on December 03, 2025, approved the notice of postal ballot through Circular Resolution.
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Purple Finance Limited's Board of Directors approved a Postal Ballot notice via Circular Resolution on December 03, 2025. Two items are being put before shareholders for approval: (1) regularisation of Mr. Sandeep Jindal (DIN: 07899850) as a Non-Executive Non-Independent Director for a period of three years, and (2) re-classification of certain shareholders from the 'Promoter Group' category to the 'Public' category. The Board also approved the Postal Ballot notice and the ancillary steps required to carry out the voting process in a compliant manner. A further intimation regarding the dispatch of the notice and e-voting arrangements will be shared with the stock exchange afterwards.
The re-classification of certain shareholders from Promoter Group to Public could marginally increase the public float and free-float liquidity of the stock. The director appointment is a routine governance item. Shareholders should look out for the Postal Ballot notice and e-voting details to cast their vote.