Please find enclosed the postal ballot notice.
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▲ 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 has issued a Postal Ballot Notice dated September 25, 2025, seeking shareholder approval (via Ordinary Resolution) to re-classify 9 individuals from the 'Promoter & Promoter Group' category to the 'Public' category. Together these persons hold roughly 7.5% of the company's shares, with the largest being Sunilkumar G Mittal (9,94,050 shares, 1.83%) and Anil Prithviraj Kumar (7,56,488 shares, 1.39%). BSE had already granted its No Objection Certificate on September 2, 2025, and the Board approved the applications on August 14, 2025. The remote e-voting window runs from September 26, 2025 (9:00 a.m.) to October 25, 2025 (5:00 p.m.), with results to be announced on or before October 28, 2025. The applicants have confirmed they hold under 10% voting rights each, have no board seat, are not KMPs, and are not willful defaulters or fugitive economic offenders.
This is a routine corporate governance housekeeping action – it reduces the formal promoter group shareholding label without any change in actual control or day-to-day operations, and is unlikely to materially move the stock. Public shareholders technically benefit from a clearer distinction between active promoters and passive public investors.