Pursuant to Regulation 30 of the SEBI LODR Regulations and Regulation 84 of SEBI ICDR Regulations, the Company has published the Pre-Rights Advertisement on Wednesday, May 28, 2025.
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Purple Finance Limited has published its Pre-Rights Issue advertisement on Wednesday, May 28, 2025, in compliance with SEBI LODR Regulations 2015 and SEBI ICDR Regulations 2018. The advertisement appeared in three newspapers: Business Standard (English), Business Standard (Hindi), and Mumbai Lakshdeep (Marathi). This is a mandatory regulatory step that a company must complete before launching a rights issue. The company is listed on BSE (Scrip Code: 544191) and Calcutta Stock Exchange (Scrip Code: 26505). The actual rights issue details, including record date, issue size, and price, would have been detailed in the newspaper advertisement.
This announcement signals that Purple Finance's rights issue is in its final pre-launch stage and should open for subscription soon. Existing shareholders can expect to receive rights entitlements to purchase additional shares in proportion to their current holdings, subject to the terms disclosed in the advertisement.