The Finance Committee of the Company at their Meeting held today i.e. February 25, 2026, have inter-alia approved the allotment of in aggregate 45,00,000 (Forty Five Lakh) fully Paid up ....
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Purple Finance Ltd has allotted 45 lakh fully paid-up equity shares (face value Rs. 10 each) to non-promoter entity Intellect Money Finvest Private Limited, upon conversion of warrants issued earlier on a preferential basis. The warrants were originally allotted on December 12, 2025 at Rs. 39 per share, and the company has now received the balance 75% amount (Rs. 29.25 per warrant), totalling about Rs. 13.16 crore. As a result, the paid-up equity share capital has increased from Rs. 54.42 crore (5.44 crore shares) to Rs. 58.92 crore (5.89 crore shares). The remaining 55 lakh warrants are still outstanding and can be converted within 18 months from the original allotment date.
This is a mild dilution event for existing shareholders, expanding the share count by roughly 8.3%. However, the company receives Rs. 13.16 crore in fresh capital, and the exercise of warrants signals confidence from the allottee in the company's prospects.