We wish to inform you that the Company has received in-principal approval from BSE Limited and The Calcutta Stock Exchange Limited vide letters dated 22nd April, 2025 and 23rd April, 2025 ....
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Purple Finance Ltd has received in-principle approval from BSE (dated April 22, 2025) and The Calcutta Stock Exchange (dated April 23, 2025) for its proposed Rights Issue of fully paid-up equity shares. These approvals are a procedural milestone that allows the company to use the exchange's name in the Letter of Offer and related advertisements. The company still needs to fix a record date, finalize the offer document, comply with SEBI LODR regulations, pay applicable listing fees, and fulfill other statutory requirements before the final listing permission is granted. This is an update following the company's earlier intimation dated March 24, 2025 regarding the rights issue application.
This is a routine regulatory step for the rights issue and does not by itself impact shareholder value. Existing shareholders should watch for the upcoming record date and Letter of Offer to understand the issue price, ratio, and their entitlement. The actual dilution or capital raise impact will depend on the terms of the rights issue, which have not been disclosed in this filing.