Please find enclosed press release pertaining to the fund raising by the Company.
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Awaiting price reaction for this filing.
Purple Finance Ltd's Board, on 6 February 2026, approved raising ₹69.30 crore via 1.26 crore equity warrants at ₹55 per warrant, subject to regulatory approvals. The investors participating in this round have also triggered an open offer, with details filed on the BSE website. This is part of a phased capital-raising strategy since its June 2024 listing — earlier rounds include ₹44 crore in October 2024, a ₹40 crore Rights Issue in June 2025, and ₹39 crore in December 2025. The fresh capital will support growth in SME and retail lending, where the company now operates 45 branches with AUM of ~₹210 crore (Jan 2026) and ~430 employees.
The ₹69 crore raise will strengthen the company's capital base for expansion, but the open offer triggered by investors could lead to share price pressure as shares come into the market. For existing shareholders, the dilution from warrants is a key consideration, though continued investor interest signals confidence in the growth strategy.