Please find enclosed outcome of Board Meeting held on June 01, 2026
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Purple Finance Limited's Board of Directors met on June 01, 2026 and approved several key items. These include the Management Discussion and Analysis Report and the Directors Report (with annexures) for FY2025-26, along with the notice for the 32nd Annual General Meeting scheduled for Friday, June 26, 2026 at 3:00 p.m. The Board approved the appointment of Mr. Sriram Kalyanaraman (former MD & CEO of National Housing Bank, with 36+ years of financial services experience) as an Independent Director for 3 years, and the re-appointment of Ms. Sumeet Sandhu as Independent Director for another 3-year term. The Board also approved raising up to ₹350 crore through Non-Convertible Debentures (NCDs) via private placement during FY2026-27, subject to shareholder approval. Both director appointments and the NCD borrowing plan require shareholder approval at the upcoming AGM.
The ₹350 crore NCD borrowing plan will increase the company's debt-raising capacity but could add leverage, while the induction of a senior banking veteran (ex-NHB MD & CEO) on the Board may strengthen governance and lending oversight. Retail investors should track the June 26 AGM, where shareholder votes on the director appointments and NCD plan will be decisive.