The Board of Directors at their Meeting held on August 14, 2025 have approved the appointment of Mr. Sandeep Jindal (DIN: 00402046) as a Non- Executive Non- Independent Director of the ....
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Purple Finance Ltd's Board of Directors approved the appointment of Mr. Sandeep Jindal (DIN: 00402046) as a Non-Executive Non-Independent Director on August 14, 2025, based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to Reserve Bank of India (RBI) approval. Mr. Jindal is a Chartered Accountant with over 25 years of experience spanning NBFCs, securities, capital markets, corporate governance, risk management, and regulatory compliance. The company confirmed he is not related to any existing director, satisfies directorship criteria under the Companies Act 2013 and SEBI LODR Regulations, and is not debarred from holding a director's office by SEBI or any other authority.
This is a routine board-level appointment pending RBI clearance, which is standard for an NBFC. Adding a director with deep NBFC and regulatory experience could strengthen governance, but the appointment does not change day-to-day operations or the shareholding structure. Investors should monitor for the RBI approval update as a confirming event.