Please find enclosed Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Purple Finance Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for two ordinary resolutions. The first resolution seeks to regularize the appointment of Mr. Sandeep Jindal (DIN: 07899850), a Chartered Accountant with 25+ years of experience in NBFCs and capital markets, as a Non-Executive Non-Independent Director for a period of 3 years effective November 17, 2025, following RBI's clearance dated November 13, 2025. The second resolution seeks approval to re-classify two shareholders – Mr. Satyaprakash Pathak (11,46,735 shares, 2.11%) and Ms. Ranjana Pathak (41,72,362 shares, 7.67%) – from the 'Promoter Group' category to 'Public' category, after BSE's no-objection dated November 14, 2025. The remote e-voting window runs from December 4, 2025 (9:00 a.m.) to January 2, 2026 (5:00 p.m.), with results to be announced by January 6, 2026. The cut-off date for eligibility is November 28, 2025, and voting will be conducted solely through electronic means via Purva Sharegistry.
This is largely a routine governance action – formalizing a director's appointment and moving two shareholders (totalling about 9.78% stake) out of the promoter group into the public category. The promoter re-classification slightly reduces the promoter group's shareholding weight, which may marginally improve the stock's public float but should not materially affect the stock price.