Please find enclosed intimation pertaining to development of an in-house Loan Origination System (LOS) by the Company.
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Purple Finance's Board, at its August 14, 2025 meeting, approved the development of an in-house Loan Origination System (LOS) software in partnership with Techbulls SoftTech Private Limited. The project is expected to cost approximately INR 85 lakhs (plus taxes) and take around 9 months to develop. The LOS will be built for the company's own (captive) use. Management says the move will give it better operational control, faster loan processing, and the ability to adopt new technology upgrades more quickly. The disclosure has been made under SEBI Listing Regulations to keep the stock exchanges informed.
This is a modest, self-funded technology upgrade that should gradually improve efficiency, but the spend size (~INR 85 lakhs) is small and unlikely to move the stock price in the short term. For shareholders, the key thing to watch is whether faster loan processing translates into stronger business growth over the next 1-2 years.