Please find enclosed update on the Outcome of the Board Meeting.
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Purple Finance has issued a corrigendum to its February 6, 2026 board meeting outcome, correcting the name of a proposed allottee. The board had approved the issuance of 1,26,00,000 (1.26 crore) fully convertible equity share warrants at ₹55 per warrant (face value ₹10 each), aggregating to ₹69.30 crore, subject to statutory approvals. The corrigendum revises the name of the allottee at Sr. No. 8 to 'Harshita Jaswant Shah' for 6,00,000 warrants worth ₹3.30 crore. All other terms of the original outcome remain unchanged.
The ₹69.30 crore warrant issue (if approved and exercised) will lead to equity dilution on conversion but also strengthens the company's capital base. Retail investors should watch for further updates on allotment and statutory approvals.