Please Find Enclosed Corrigendum to the Postal Ballot Notice dated February 06, 2026
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Purple Finance has issued a corrigendum to its earlier Postal Ballot Notice (dated February 6, 2026) to update and clarify information related to Item No. 2, which concerns the issuance of warrants convertible into equity shares on a preferential basis. The corrigendum adds a new undertaking confirming that the company does not need to re-compute the warrant issue price because its shares have been listed on stock exchanges for more than 90 trading days before the relevant date. It also provides a revised shareholding pattern showing the impact of full warrant conversion: total shares will increase from 6,78,77,505 to 8,04,77,505, and promoter holding will rise sharply from 22.88% to 46.47%. The e-voting window is open from February 7, 2026 to March 8, 2026, and shareholders who have already voted can revise their votes by emailing the scrutinizer before 5:00 PM on March 8, 2026.
This is a clarification, not a new proposal. However, the revised shareholding pattern shows significant promoter shareholding will more than double (from 22.88% to 46.47%) after warrant conversion, while public non-institutional and corporate holdings will be diluted, which existing shareholders should note when voting.