Please find enclosed Postal Ballot Notice dated October 28, 2025.
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 has sent a Postal Ballot Notice to shareholders seeking approval for two resolutions. The first is an Ordinary Resolution to increase the authorised share capital from Rs. 60 crore to Rs. 70 crore by adding 1 crore equity shares of Rs. 10 face value each. The second is a Special Resolution to issue up to 1 crore convertible warrants at Rs. 39 per warrant (including a Rs. 29 premium), aggregating to Rs. 39 crore, on a preferential basis to Intellect Money Finvest Private Limited. Warrant holders must pay 25% upfront and have 18 months to convert, failing which the warrants lapse and the upfront amount is forfeited. The e-voting window runs from October 29, 2025 to November 27, 2025, with the cut-off date set at October 24, 2025, and results to be announced by December 1, 2025.
If approved, the preferential allotment to Intellect Money Finvest will result in dilution of existing shareholders once warrants are converted, while bringing in up to Rs. 39 crore of fresh capital. The capital expansion supports future fundraising plans but existing investors should factor in potential dilution and monitor the use of proceeds once disclosed.