Pursuant to Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015, we hereby inform you that the company has acquired a property in line with the Objects of ....
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Awaiting price reaction for this filing.
Purple Wave Infocom Ltd has acquired a commercial property in Gurugram using funds raised through its IPO. The company bought Unit No. 810A on the 8th floor of Neo Square in Sector-109, Gurugram, Haryana, with a super area of 8,739 sq ft and carpet area of around 4,370 sq ft. The property will be used as office space and a product display area, which is in line with the stated Objects of the Issue in the IPO Prospectus. Total consideration was ₹12.92 crore, including stamp duty of ₹78.99 lakh and registration fees of ₹50,000. The conveyance deed was executed on 16th February 2026 and the intimation to the stock exchange was made on 20th February 2026. The company confirmed there is no deviation in the use of IPO proceeds.
This is a routine deployment of IPO funds as previously disclosed in the prospectus, with no deviation. Shareholders can view this positively as it shows the company is putting raised capital to its intended operational use, though the stock price impact is likely to be neutral since this was already planned and disclosed.