The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 20, 2025 for Ashray Charitable Trust
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Purple Finance Ltd filed a disclosure on November 20, 2025, under SEBI's Takeover Regulations reporting that promoter entity Ashray Charitable Trust has released the pledge on 761,904 shares, which represented 100% of the company's share capital held by the trust. The encumbrance was released on November 12, 2025. Post-release, the trust holds 0 encumbered shares, compared to the full 761,904 shares that were pledged earlier. The filing was submitted to BSE from Mumbai.
This is a positive signal for shareholders — a full pledge release reduces the risk of forced selling or stake dilution at the promoter level, indicating improved confidence or reduced funding pressure on the promoter entity.