The Company has received the approval from BSE Limited on May 13, 2025 for reclassification of shareholding from "Promoter/Promoter Group" to "Public Category".
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Purple Finance Ltd has received BSE approval on May 13, 2025 to reclassify 19 shareholders from 'Promoter/Promoter Group' to 'Public Category' under Regulation 31A of SEBI LODR Regulations, 2015. A total of 32,94,989 shares (7.55%) have moved from promoter category to public category. As a result, promoter shareholding has reduced from 60.58% to 53.03%, while public shareholding has increased from 39.42% to 46.97%. The largest outgoing promoters are Debasish Mishra (2.53%), Tomorrow Capital Enterprises Pvt Ltd (1.86%), and Manas Shankar Ray (1.12%). No actual change in ownership has occurred — only the classification of existing shareholders has changed.
There is no change in the underlying ownership or control of the company — promoters continue to hold a majority at 53.03%. Public shareholding has grown, which could marginally improve trading liquidity, but this is a classification update rather than a material event for shareholders.