BSEPurple Finance LtdMinimalNeutral
Announced Thu, 28 May · 16:24 IST

Please find enclosed the Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.

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AI summary

Purple Finance Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by Abhilasha Chaudhary & Associates. The company reports general compliance with SEBI regulations, with only 2 minor SOP fines totaling Rs. 23,600 for delays in regulatory submissions (Regulation 60(2) and 44(3) of LODR) - both already paid. During FY26, the company completed a Rights Issue raising Rs. 4033.79 lakhs through 96.04 lakh shares at Rs. 42 each, converted 45 lakh warrants to equity shares, and proposed issuing 1.26 crore warrants at Rs. 55 each (RBI approval pending). Authorised capital increased from Rs. 55.60 Cr to Rs. 82.60 Cr. The company also allotted Rs. 30 Crores in Non-Convertible Debentures and faced a mandatory open offer from Allied Commodities and associates. Historical compliance issues from FY25 (15 observations including delays in RPT approvals, disclosures, and board evaluations) have been addressed with corrective measures.

Likely market impact

The filing shows minor compliance lapses that have been remedied. Significant capital raising activity indicates growth ambitions. The ongoing open offer and warrant issuances may impact shareholding structure. For investors, the company appears operationally compliant despite past procedural delays.