Please find enclosed intimation pertaining to receipt of No Objection Certificate for Re-classification of Shareholding from Promoter Group to Public Category.
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Purple Finance Ltd has received a No Objection Certificate from BSE for reclassifying 9 members of its Promoter Group into the Public Category under SEBI's Regulation 31A. Together, these 9 individuals held 40,57,387 shares, equal to 7.46% of the company's shareholding. The largest holders being reclassified include Sunilkumar G Mittal (1.83%), Anil Prithviraj Kumar (1.39%), and Surendra Sodhi (1.17%). The reclassification was originally applied for on August 14, 2025, and approved by BSE on September 2, 2025. This is a change in shareholding status, not a sale of shares — the same shares will now sit under the 'public' category instead of the 'promoter' category.
This reduces the company's promoter group shareholding by 7.46%, potentially increasing the public float and free-float availability for trading. It may also reduce perceived promoter control and could marginally improve liquidity, though it does not affect total shares outstanding or company valuation.