Please find enclosed the Notice of the 31st Annual General Meeting to be held on Thursday, June 12, 2025 at 11:00 a.m. through VC/OAVM.
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Purple Finance Limited's 31st AGM will be held on Thursday, June 12, 2025 at 11:00 a.m. via video conferencing, with remote e-voting from June 7 to June 11, 2025 (cut-off date June 5, 2025). Ordinary business includes adoption of the FY25 audited financial statements and the re-appointment of Mrs. Minal Amitabh Chaturvedi as a director retiring by rotation. Special business covers re-appointment of Mr. Amitabh Chaturvedi as Executive Chairman for 5 years at Rs. 2.60 crore per annum (rising to Rs. 2.90 crore from October 1, 2025, plus a Rs. 25 lakh incentive tied to completing an Rs. 80 crore fund raise) and Mr. Rajeev Deoras as Executive Director for 3 years at Rs. 1.00 crore (rising to Rs. 1.12 crore), along with one-time share-linked compensation of Rs. 48.73 lakh each for Deoras and CEO Mr. Sabyasachi Rath (whose salary also rises to Rs. 1.10 crore). Other items include appointment of Abhilasha Chaudhary & Associates as Secretarial Auditor for FY26–FY30, Mr. Rajan Bhat as Independent Director for 3 years, ratification and amendment of the 2022 ESOP scheme (up to 34.53 lakh shares), raising authorised share capital to Rs. 60 crore, borrowing limits of up to Rs. 400 crore, and approval of material related party transactions for FY26.
Shareholders are being asked to approve several dilution- and cost-related items: expanded ESOP grants, a higher authorised share capital ceiling, and meaningful salary hikes plus stock-linked payouts for senior management. The proposed Rs. 400 crore borrowing limit signals a likely fundraising push, making this AGM a key event for retail investors to review governance and dilution risk.