We are pleased to inform you that the Reserve Bank of India vide its communication dated November 13, 2025 has taken note of the proposal of appointment of Mr. Sandeep Jindal as the Non- ....
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Purple Finance Ltd has received a communication from the Reserve Bank of India dated November 13, 2025, taking note of the company's proposal to appoint Mr. Sandeep Jindal (DIN: 07899850) as a Non-Executive Non-Independent Director. The appointment was first intimated to the stock exchange on August 14, 2025, and the proposal will now be placed before the Board for consideration at an upcoming board meeting. The appointment remains subject to shareholder approval. As an NBFC, Purple Finance requires RBI noting for director appointments, which has now been secured.
This is a procedural step toward finalizing a board appointment and is unlikely to have a material impact on the stock price. Shareholders will get to vote on the appointment at the upcoming meeting.