Pursuant to Regulation 30 of SEBI LODR Regulations, please find enclosed the announcement pertaining to Change in Management of the Company.
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Purple Finance Limited has informed the stock exchanges that Ms. Sonal Vira, Head of Internal Audit and Senior Management Personnel (SMP), has resigned from the company effective 16th April 2025. The resignation is subject to serving the notice period as per company policy. Ms. Vira, who was also a co-founder of the company, cited 'better opportunities and career advancement' as her reason for leaving. The company has stated there is no other material reason for the resignation. Required disclosures under SEBI LODR Regulation 30 have been annexed with the filing.
The departure of a co-founder and the head of internal audit may raise minor governance concerns for retail investors, though the company has framed it as a routine career move. Investors should watch for timely replacement and any disruption to internal audit functions.