Please find enclosed requests received from Promoter Group seeking re-classification from Promoter Group to Public Category.
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Purple Finance Ltd has informed BSE that it received requests from 7 individuals currently classified under the Promoter Group seeking reclassification to the Public Category. Together these 7 persons hold 41,97,556 equity shares, representing approximately 5.88% of the company's total paid-up share capital. The largest individual holding is Satyaprakash Pathak at 2.11% (11,46,735 shares), followed by Anil Prithviraj Kumar at 1.39% and Ashis Mohanty at 1.12%. Each applicant has confirmed they do not hold more than 10% voting rights, do not exercise control over the company, have no board representation, and are not willful defaulters or fugitive economic offenders. The reclassification request will be considered by the Board of Directors at the next Board Meeting.
If approved by the Board and stock exchanges, the Promoter Group's classified shareholding will reduce by about 5.88%, with these shares moving to the Public category. This is purely a reclassification and not an actual sale, so there is no cash inflow/outflow. Shareholders may see a shift in the shareholding pattern reflecting reduced promoter influence, though the underlying ownership stays the same.