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Awaiting price reaction for this filing.
Purple Finance Ltd has informed BSE that its Board of Directors, at a meeting held on October 17, 2025, approved the reclassification of certain shareholders from the 'Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. This follows an earlier intimation dated October 15, 2025. The company has filed an application with BSE seeking a no-objection for this reclassification. The document does not disclose the names of the shareholders being reclassified or the quantum of shares involved.
Once approved, this reclassification will reduce the promoter group's shareholding and increase the public float, which could improve stock liquidity and trading volume. Shareholders should watch for BSE's approval and any subsequent changes in the shareholding pattern.