Please find enclosed Newspaper Advertisement pertaining to basis of allotment for Rights Issue.
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Awaiting price reaction for this filing.
Purple Finance Limited has informed the stock exchanges about the publication of a newspaper advertisement regarding the basis of allotment for its recently concluded Rights Issue. The company issued up to 96,04,273 fully paid-up equity shares of ₹10 face value at ₹42 per share (including a ₹32 premium), aggregating to about ₹40.33 crore, in the ratio of 3 shares for every 14 held. The issue was fully subscribed, with all 96,04,273 shares allotted — 68,31,236 to eligible shareholders and 27,73,037 to renouncees, raising roughly ₹40.97 crore in valid applications. The BSE approval came on June 19, 2025, and the CSE approval on June 23, 2025, with share credits to demat accounts already completed.
The rights issue is now fully allotted and closed, meaning shareholders will see new equity shares credited to their demat accounts. The fresh share issuance expands the share count, which can lead to some dilution of existing shareholders' stake, though the capital infusion strengthens the company's funds for growth.