Please find enclosed herewith Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025.
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Purple Finance Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by VKMG & Associates LLP. The report, filed under SEBI Regulation 24A, identifies 15 instances of non-compliance across Regulations 23, 30, 31A, 32, 17, 18, 29 and Insider Trading norms. Key issues include delayed disclosures of NCD allotments and AOA alterations, missing information in Related Party Transaction filings, late intimation of promoter reclassification outcome, and gaps in Audit Committee and NRC meeting documentation. The company clarified that most lapses were inadvertent and has implemented stricter internal controls. No monetary penalties or actions were imposed by SEBI or stock exchanges. The company was only listed in June 2024, making this its first full-year compliance review.
Multiple compliance lapses are flagged, though none have resulted in fines or regulatory action so far. For shareholders, this signals governance and disclosure weaknesses during the company's first year as a listed entity, which could invite SEBI scrutiny if repeated. May weigh on investor confidence regarding the company's regulatory discipline.