23-Jun-2026 21:02:12
PURPLE FINANCE LIMITED : INDEPENDENT DIRECTORS RECOMMENDATIONS ON OPEN OFFER
• Committee of Independent Directors (IDC) provided recommendations on the open offer by Allied Commodities Private Limited and Mr. Sandeep Jindal. • The open offer is for up to 1,76,48,152 equity shares at ₹55 per share, representing 26% of the Target Company's emerging voting share capital. • The offer price of ₹55 per share is considered in accordance with SEBI (SAST) Regulations and appears fair and reasonable. • IDC members have no directorships, equity holdings, or contracts with the Acquirers or PACs. • IDC members have not traded in Target Company shares in the 12 months prior to the public announcement. • Recommendations were unanimously approved by the IDC members present on June 23, 2026. Impact: Neutral (Procedural filing providing IDC recommendations on an open offer)
Purple Finance Ltd
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