Please find enclosed material update on the Postal Ballot Notice.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Purple Finance received an intimation on March 30, 2026 from Intellect Money Finvest Private Limited (described as an 'Acquirer') under SEBI's Takeover Regulations, which led the company to reclassify Balgopal Commercial Limited from the Non-Promoter category to the Promoter Group. The number of shares (55,000) and voting rights of this entity remain unchanged — only the classification was corrected. As a result, the company has issued a revised pre- and post-issue shareholding pattern, showing promoter holding rising from 22.88% (pre-issue) to 46.54% (post-issue), with public/Indian public shareholding reducing from 43.02% to 40.77% of total shares. The material update supplements the original Postal Ballot Notice dated February 6, 2026 and its Corrigendum dated March 7, 2026.
This points to an impending change of control at Purple Finance, with a new acquirer and a significant proposed equity issuance that would lift promoter shareholding to nearly half the company. Retail shareholders should watch for a possible mandatory open offer under SEBI takeover rules and the impact of dilution on their stake.