Please find enclosed Intimation of Change in Management
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Purple Finance Ltd's Board of Directors, at a meeting on June 01, 2026, approved the appointment of Mr. Sriram Kalyanaraman (DIN: 09773647) as an Independent Director for a 3-year term effective June 26, 2026. The Board also approved the re-appointment of Ms. Sumeet Sandhu (DIN: 10119062) as an Independent Director for another 3-year term effective June 28, 2026. Both appointments are subject to shareholder approval. Mr. Kalyanaraman brings over 36 years of banking and financial services experience, including a stint as MD & CEO of National Housing Bank, while Ms. Sandhu has experience in product, portfolio, and sales management across investments and insurance.
Reinforces the independent oversight on the board with experienced professionals from banking and financial services. This is a routine governance update and is unlikely to have a material impact on the stock price, though it may be viewed positively by investors who value strong board expertise.