Please find enclosed disclosure pertaining to change in Management of the Company.
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Rajeev Deoras has resigned as Executive Director of Purple Finance Limited effective November 17, 2025, citing personal reasons, and also ceases to be a Key Managerial Personnel. On the same date, he has been re-designated as President of the Company in a senior management (non-Board) role, approved via circular resolution. His benefits, entitlements, and leadership responsibilities largely remain unchanged. Mr. Deoras has been with the company since inception and continues to oversee its strategic and operational direction. The Board confirms its composition stays compliant with regulatory requirements.
This is essentially an internal restructuring rather than a genuine leadership exit, as Mr. Deoras retains his role and responsibilities as President with the same compensation. Shareholders are unlikely to view this as a disruptive change, though the management's reference to long-term Small Finance Bank ambitions signals growth-oriented intent.