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

Pledge releasedPromoter pledge above 50%Ownership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹43.65

prior close

₹44.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-0.2% vs market

Non Banking Financial Company (NBFC) peers, median of 204sector-0.2%-1.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 1.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

-0.0

15m

-0.0

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-1.5-0.2-0.2-1.5

Next day

-6.1-2.1-4.0-1.4-4.6

-1.5-2.0+0.5-1.4-0.1

-1.6-0.7-0.9-1.1-0.5

+0.6-1.2+1.7-0.8+1.4

+0.8-1.3+2.1-0.5+1.3

+3.1-2.0+5.1-1.7+4.8

15d

+8.8-4.4+13.3-2.7+11.5

+35.2-3.2+38.4-3.2+38.3

+24.2-11.8+35.9-10.4+34.6

+47.1-7.3+54.3-10.3+57.4

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 204Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.