Purple Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2025 ,inter alia, to consider and approve the proposal for fund raising ....
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Purple Finance Ltd has informed BSE that a meeting of the Finance Committee of the Board of Directors is scheduled on October 28, 2025, to consider a proposal for raising funds. The company may issue Equity Shares, Preference Shares, Warrants, Debentures or other securities, through methods such as rights issue, qualified institutions placement (QIP), preferential issue or any other legally permitted route. Shareholder approval will be sought via postal ballot or EGM if required. The trading window for insiders is closed until 48 hours after the meeting outcome is declared. The BSE scrip code is 544191.
This is a preliminary intimation with no confirmed size, pricing, or instrument details yet. Shareholders should watch for dilution risk depending on the final structure, but the actual impact on the stock will only be clear after the October 28 meeting outcome is announced.