Please find enclosed the gist of proceedings of the 31st Annual General Meeting of the Company held on June 12, 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 Limited held its 31st Annual General Meeting on Thursday, June 12, 2025, from 11:00 a.m. to 11:24 a.m. via video conferencing, attended by 71 members and chaired by Executive Chairman Mr. Amitabh Chaturvedi. A total of 19 resolutions were tabled, covering routine items like adoption of FY25 financial statements and re-appointment of a rotational director, along with several special business items. Notable resolutions include the re-appointment and remuneration increase for Mr. Amitabh Chaturvedi (Executive Chairman) and Mr. Rajeev Deoras (Executive Director), appointment of Mr. Rajan Bhat as Independent Director, ratification and amendments to the ESOP 2022 scheme, increase in authorised share capital with MOA alteration, approval for issuance of Non-Convertible Debentures on a private placement basis, and material related party transactions. The Statutory Auditors' Report carried no qualifications, while observations from the Secretarial Auditors were duly noted by shareholders. The consolidated e-voting results are awaited and will be filed with stock exchanges within two working days.
Shareholders should watch for the e-voting results, as outcomes on proposals like the authorised share capital hike, NCD issuance, and ESOP amendments will signal the company's near-term fundraising and capital expansion plans. The increase in remuneration for top executives and material related party transactions are also items worth monitoring for governance implications.