Please find enclosed the Draft Letter of Offer

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹64.19

prior close

₹63.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 203sector-0.7%+0.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.4 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.3-1.3+1.0-0.7+0.4

Next day

-1.9-1.1-0.8-1.0-0.8

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+5.6+3.8+1.8-2.1+7.7

+6.6+8.9-2.2-2.4+9.0

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 203Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Purple Finance Limited has received a Draft Letter of Offer dated February 23, 2026, from Mark Corporate Advisors (Manager to the Offer) for an Open Offer to public shareholders under SEBI Takeover Code. The offer is triggered by a preferential allotment of 1,26,00,000 convertible warrants (at ₹55 per warrant) approved on February 6, 2026, along with the acquirers' intention to gain joint control. The acquirers are Allied Commodities Private Limited and Mr. Sandeep Jindal, along with four persons acting in concert (PACs) including Intellect Stock Broking and Intellect Money Finvest. The offer is to acquire up to 1,76,48,152 equity shares (26% of Emerging Voting Capital) at ₹55 per share, totaling approximately ₹97.06 crore in cash. The tendering period will run from April 8, 2026, to April 22, 2026, subject to RBI approval. There is no intention to delist the stock, and the acquirers do not plan major changes to the existing business.

Likely market impact

Public shareholders of Purple Finance can tender their shares between April 8 and April 22, 2026, at ₹55 per share in cash. Since the offer is mandatory under takeover regulations, shareholders should weigh the offer price against the prevailing market price and await the Independent Directors' recommendation due by April 2, 2026. No delisting is planned, and joint control will be shared between acquirers and existing promoters.