Intimation of Postal Ballot notice.
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Awaiting price reaction for this filing.
Purple Finance Limited (BSE: 544191) has issued a Postal Ballot Notice dated December 03, 2025, seeking shareholder approval through remote e-voting for two ordinary resolutions. The first is the regularization of Mr. Sandeep Jindal (DIN: 00402046), a Chartered Accountant with over 25 years of NBFC and capital markets experience, as Non-Executive Non-Independent Director for 3 years (November 17, 2025 to November 16, 2028); RBI approval was received on November 13, 2025. The second resolution seeks reclassification of two shareholders from 'Promoter Group' to 'Public' category — Mr. Satyaprakash Pathak (11,46,735 shares, 2.11%) and Ms. Ranjana Pathak (41,72,362 shares, 7.67%), totaling about 9.78% of shareholding; BSE's No Objection Certificate was obtained on November 14, 2025. The e-voting window runs from December 04, 2025 (9:00 a.m.) to January 02, 2026 (5:00 p.m.), with the cut-off date set as November 28, 2025. Results will be announced on or before January 06, 2026.
These are routine corporate governance items. The reclassification of approximately 9.78% shareholding from promoter to public category may marginally increase the public float and improve trading liquidity, but is unlikely to cause any material movement in the stock price. Director regularization is a procedural formality following RBI clearance.