Please find enclosed Board Comments on the fine levied by BSE Limited for Non- Compliance of Regulation 44(3) of the SEBI LODR Regulations.
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Purple Finance Ltd received a notice from BSE for delayed compliance with Regulation 44(3) of SEBI LODR Regulations, which relates to the disclosure of voting/poll results. The Board discussed this at its meeting on July 21, 2025 and stated that the delay was unintentional. The Company has already paid the fine imposed by BSE on July 16, 2025 (UTR No. IDFBH25197073045) and has additionally filed an application seeking a waiver of the penalty. The Board has directed management to ensure timely compliance going forward and to avoid repeating such lapses.
The penalty amount appears to be modest and has already been paid, limiting immediate financial impact. The waiver application may reduce or reverse the fine. However, repeated compliance lapses under SEBI LODR could attract larger penalties and damage investor confidence in the company's governance.