This is to inform you that we have received approval of the Shareholders of the Company through Postal Ballot approving reclassification of Shareholding from Promoter Group Category to ....
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Purple Finance Ltd has received shareholder approval via postal ballot on October 25, 2025, to reclassify the shareholding of 9 members from the 'Promoter/Promoter Group' category to the 'Public Category' under SEBI LODR Regulation 31A. The reclassification was previously approved by the Board on August 14, 2025, and BSE had issued a No-Objection Certificate on September 2, 2025. The total shareholding being reclassified is approximately 40.57 lakh shares, representing about 7.46% of the company's equity, with the largest individual being Sunilkumar G Mittal at 1.83%.
This reclassification reduces the company's promoter group shareholding by roughly 7.46%, shifting those shares into the public category. For retail investors, it means the free-float (publicly available shares) increases, which could improve liquidity in the stock, though it also signals a reduction in promoter influence over the company.