This is to inform you that the Company has on January 03, 2026 redeemed 500 unsecured, unlisted, redeemable Non- Convertible Debentures.
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Purple Finance Ltd has redeemed 500 unsecured, unlisted, redeemable Non-Convertible Debentures (NCDs) on January 03, 2026. Each NCD had a face value of Rs. 1,00,000, taking the total redemption amount to Rs. 5 crore. These NCDs were originally allotted on July 04, 2024 to Mr. Anil Prithviraj Kumar and have now been redeemed at par along with the applicable interest. This is a routine liability management exercise disclosed under SEBI LODR Regulation 30.
The company has reduced its outstanding debt by Rs. 5 crore, which will lower future interest outflows but also uses up cash. For shareholders, this is a neutral-to-slightly-positive move as it signals timely debt servicing and disciplined liability management, though it reduces leverage that a finance company could otherwise deploy for lending.