Please find enclosed announcement pertaining to allotment of 96,04,273 fully paid up Equity Shares of the Company.
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Purple Finance Ltd has allotted 96,04,273 fully paid-up equity shares of face value Rs. 10 each at Rs. 42 per share (including a Rs. 32 premium) to existing shareholders under a Rights Issue. The allotment, approved by the Finance Committee on June 18, 2025, follows the Board's earlier decision on February 28, 2025. As a result, the company's paid-up equity share capital has risen from Rs. 44.82 crore to Rs. 54.42 crore, with the total share count now standing at 5,44,24,212 equity shares.
The rights issue completion expands the company's capital base by about 21.5%, strengthening its equity funding. Existing shareholders maintain their proportional ownership, and the Rs. 32 premium per share represents value contributed over face value. The stock may see some dilution-related pressure in the short term as the new shares begin trading.