Purple Finance

Purple Finance allotted 15,000 senior secured listed redeemable non-convertible debentures of Rs10,000 each aggregating Rs15 crore on private placement on 28 September. Ten thousand debentures aggregating Rs10 crore were allotted to Ambium Finserve and 5,000 aggregating Rs5 crore to Fourdegreewater Capital Private. The debentures carried a coupon of 11.90% per annum payable monthly over a tenure of 30 months and eight days to 5 April 2029, with principal repayable in five instalments and a final payment on maturity, secured by a first pari passu charge over book debts and loan receivables for listing on the BSE. The Finance Committee had approved issuance of up to Rs15 crore of senior secured NCDs on identical coupon and tenure terms on 22 September. The company had earlier allotted Rs25 crore of senior secured NCDs in January and secured board approval in July for NCD issuance of up to Rs20 crore. Its assets under management stood at Rs278 crore at the end of June across 46 branches in seven states, against revenue from operations of Rs47.65 crore and a full-year loss of Rs6.44 crore in FY26.

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Purple Finance approved the issuance of up to ₹15 crore of senior secured NCDs through private placement, carrying an 11.90% annual coupon payable monthly and a tenure of 30 months and eight days. It also approved a direct-assignment sale of up to ₹20 crore of its loan portfolio and revised the September 10 approval from ₹8.74 crore to ₹12 crore. The portfolio arrangements provided for a 90:10 assignee-to-Purple participation ratio, with Purple remaining the servicer. Earlier direct-assignment approvals covered ₹5.38 crore in August and ₹8.74 crore on September 10. The company's loan-book AUM stood at ₹278 crore in June 2026, compared with ₹249 crore at March-end. Purple Finance reported FY26 revenue from operations of ₹47.65 crore and a full-year loss of ₹6.44 crore.

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Sept 22 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE - APPROVES ISSUANCE OF NCDS AGGREGATING TO 150 MILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE2yvyg3

Further company coverage: PURL.BO

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Purple Finance's finance committee approved the sale of up to ₹8.74 crore of loans under a direct-assignment route, with the assignee taking 90% and Purple retaining 10% while continuing as servicer. The transaction was described as income accretive. It also allotted 55 lakh shares on conversion of warrants at ₹39 each to Intellect Money Finvest Private Limited, and 27 lakh preferential shares at ₹72 each to Manisha Agarwal. An earlier direct-assignment approval covered up to ₹5.38 crore, while FY26 operating revenue was ₹47.65 crore and the company reported a full-year loss of ₹6.44 crore.

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Purple Finance's Finance Committee approved the sale of up to ₹8.74 crore of loans through direct assignment, with the assignee taking 90% and Purple retaining 10% and servicing the portfolio. It also allotted 55 lakh shares at ₹39 each on conversion of the balance warrants held by Intellect Money Finvest, raising paid-up capital to ₹64.44 crore. A further 27 lakh shares were allotted to Manisha Agarwal at ₹72 each for ₹19.44 crore, taking paid-up capital to ₹67.14 crore. The lender's AUM stood at ₹278 crore and gross NPA at 1.89% in June 2026, while FY26 revenue from operations was ₹47.65 crore and the company recorded a ₹6.44 crore loss.

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Purple Finance’s finance committee approved the sale of part of its loan portfolio, worth up to ₹5.38 crore, through the direct-assignment route on August 12. Assignees will take a 90% participation while Purple Finance retains 10% and continues to service the loans; the transactions were expected to be income accretive. Purple Finance reported loans of ₹167.71 crore and assets under management of ₹249.01 crore at the end of FY26. Revenue from operations was ₹47.65 crore in FY26, when the company reported a loss of ₹6.44 crore.

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Purple Finance entered binding share-purchase agreements for the proposed acquisition of 100% of Saksham Gram Credit Private Limited for about ₹99 crore, following the board’s earlier in-principle approval. The consideration comprised about ₹27 crore in cash and roughly ₹72 crore through a share swap. The board approved a preferential issue of 1,39,99,952 equity shares at ₹72 apiece, including 99,99,952 shares to Saksham’s sellers and 40 lakh shares to Manisha Agarwal for ₹28.8 crore in cash. The proposed acquisition and share issue remained subject to shareholder and other statutory approvals.

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Purple Finance Limited's board of directors, in a meeting on July 21, 2026, gave in-principle approval for the acquisition of 100% equity of Saksham Gram Credit Private Limited, a business correspondent services firm. Saksham Gram Credit operates across 10 Indian states through 147 branches, with a managed loan portfolio of approximately ₹523 crore as of March 2026 and a total income of ₹45.29 crore for the fiscal year 2025-26. The proposed acquisition is expected to expand Purple Finance's distribution network into underserved rural and semi-urban markets. The transaction remains subject to due diligence, finalization of valuation and terms, and execution of definitive agreements, with a targeted completion window of six months. The board also approved the issuance of up to 20,000 senior secured non-convertible debentures of face value ₹10,000 each, aggregating to ₹20 crore, on a private placement basis. Additionally, the board approved the unaudited financial results for the quarter ended June 30, 2026, reporting a net profit of ₹38.43 lakhs compared to a loss of ₹484.08 lakhs a year earlier.

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July 14 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE - TO CONSIDER FUND RAISING

Source text: ID:nBSE2YyRZl

Further company coverage: PURL.BO

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Purple Finance Ltd. said its finance committee approved the sale of up to Rs 23 crore of its loan portfolio through the direct assignment route. The transactions are expected to be income accretive and demonstrate the company’s ability to originate a quality loan book. Under the arrangement, the assignees will hold a 90% participation, while Purple Finance retains 10% and will continue to act as the servicer for all assigned loans.

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June 29 (Reuters) - Purple Finance Ltd PURL.BO:

• APPROVES SALE OF LOAN PORTFOLIO UP TO 230 MILLION RUPEES UNDER DIRECT ASSIGNMENT ROUTE

Source text: ID:nBSEcgz2y1

Further company coverage: PURL.BO

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March 24 (Reuters) - Purple Finance Ltd PURL.BO:

• APPROVES ISSUANCE OF UP TO 25,000 NCDS AGGREGATING TO 250 MILLION RUPEES

Source text: ID:nBSEbfy6BH

Further company coverage: PURL.BO

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March 18 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE LTD - BOARD TO CONSIDER FUND RAISING VIA ISSUANCE OF SECURITIES

Source text: ID:nBSE2r78bC

Further company coverage: PURL.BO

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March 20 (Reuters) - Purple Finance Ltd PURL.BO:

• RE-APPOINTS AMITABH CHATURVEDI AS EXECUTIVE CHAIRMAN

Source text: ID:nBSECCnSV

Further company coverage: PURL.BO

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Jan 14 (Reuters) - Purple Finance Ltd PURL.BO:

• TO CONSIDER FUNDRAISING THROUGH EQUITY SHARES OR OTHER SECURITIES

Source text: ID:nBSE7WBZ82

Further company coverage: PURL.BO

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Oct 17 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE - RIGHTS ISSUE OVERSUBSCRIBED 1.5 TIMES

Source text for Eikon: ID:nBSEc1YN9w

Further company coverage: PURL.BO

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Sept 20 (Reuters) - Purple Finance Ltd PURL.BO:

• RIGHTS ISSUE PRICE OF 40 RUPEES PER SHARE

• RIGHTS ENTITLEMENT RATIO OF 1:3

Source text for Eikon: ID:nBSE8MqYHh

Further company coverage: PURL.BO

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July 17 (Reuters) - Purple Finance Ltd PURL.BO:

• TO ISSUE NON-CONVERTIBLE DEBENTURES WORTH UPTO 50 MILLION RUPEES

• TO ISSUE NCDS VIA PRIVATE PLACEMENT

Source text for Eikon: ID:nBSE8LPrRs

Further company coverage: PURL.BO

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