Please find enclosed outcome of Finance Committee Meeting held on June 10, 2025 for extension of Rights Issue Closing Date.
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Purple Finance's Finance Committee met on June 10, 2025 and approved a 6-day extension of its ongoing Rights Issue closing date, pushing it from June 10, 2025 to June 16, 2025. The Rights Issue had originally opened on June 2, 2025, and the extension was granted to give eligible equity shareholders extra time to apply. There are no changes to the terms, pricing, or conditions of the issue — only the closing date and the resultant post-issue timeline (basis of allotment, refunds, demat credit, and listing) have been pushed back by a few days. An addendum to the Letter of Offer with the revised schedule has been published on the company's, registrar's, and stock exchange websites.
Eligible shareholders get additional time to subscribe to the rights entitlement; no change to issue size or price terms. A last-day extension of a rights issue is often a sign that subscription levels were below expectations, so investors should watch the final subscription number once it closes.