This is to inform you that the Board of Directors have approved the notice of Postal Ballot through Circular Resolution on September 25, 2025.
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Awaiting price reaction for this filing.
Purple Finance Ltd has informed the stock exchange that its Board of Directors, through a Circular Resolution dated September 25, 2025, approved a Postal Ballot notice. The purpose of the postal ballot is to seek shareholders' approval for the reclassification of certain shareholders from the 'Promoter Group' category to the 'Public' category. The company has stated that details regarding the dispatch of the notice and e-voting arrangements will be shared with the stock exchanges once the notice is sent to shareholders. The filing has been made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a procedural corporate governance step and does not directly affect financials. If the reclassification is approved by shareholders, it would reduce the official Promoter Group shareholding and increase the Public category holding, which could marginally improve the stock's public float and trading liquidity.