Mark Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention of the public shareholders of Purple Finance Ltd ("Target Company").

Letter of Offer THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (“LoF”) is sent to you as an Eligible Equity Shareholder (as defined below) of Purple Finance Limited (“Purple”/“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or Investment Consultant or Manager to the Offer or Registrar to the Offer. In case you have recently sold your shares in the Target Company, please hand over this LoF and the accompanying form of acceptance and Transfer Deed to the member of the Stock Exchange through whom the said sale was affected. OPEN OFFER BY Sr. No. Acquirers Address Contact No. Email ID 1) Allied Commodities Private Limited 232, Chittaranjan Avenue, 7th Floor, intellect@ (“Acquirer 1”) Kolkata-700006, West Bengal. India. intellectmoney.com 2) Mr. Sandeep Jindal A 601, Shikhar Tower, Adarsh Nagar sjindal@ (“Acquirer 2”) No 1, New Link Road, Oshiwara, intellectmoney.com Jogeshwari (West). Mumbai-400102, +91 93201 Maharashtra. India. 25387 3) Intellect Stock Broking Limited 232, Chittaranjan Avenue, 7th Floor, intellect@ (“ISBL”/“PAC 1”) Kolkata-700006, West Bengal. India. intellectmoney.com 4) Intellect Money Finvest Private Limited 905, CTS No. 720/42-46, Oshiwara sjindal@ (“IMFPL”/“PAC 2”) Village Nr. VIP, Andheri, Mumbai- intellectmoney.com 400053, Maharashtra, India. 5) Mr. Amitabh Chaturvedi Flat No. 2904, Sumer Trinity Tower, +91 22 6916 amitabh.chaturvedi08@ (“PAC 3”) Tower No. 2B, Near Samna Press, New 5100 gmail.com 6) AC Enterprises Private Limited Prabhadevi Road, Mumbai-400025, +91 97027 ywadhivkar@ (“ACEPL”/“PAC 4”) Maharashtra, India. 65666 gmail.com to acquire up to 1,76,48,152 fully paid-up equity shares having face value of ₹10 each representing 26.00% of Emerging Voting Capital of the Target Company at a price of ₹55.00 per equity share (“Offer Price”), payable in cash in accordance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and amendments thereto (“SEBI (SAST) Regulations, 2011”) from the Eligible Equity Shareholders PURPLE FINANCE LIMITED (CIN: L67120MH1993PLC075037) Registered Office at: 11, Indu Chamber, 349/353, 1st Floor, Samuel Street, Vadgadi, Masjid Bunder (West), Mumbai-400003, Maharashtra, India. Corporate Office at: 705/706, 7th Floor, Hallmark Business Plaza, Opp. Guru Nanak Hospital, Bandra (E), Mumbai-400051, Maharashtra, India. Telephone No.: +91 22 6916 5100 | Email ID: compliance@purplefinance.in 1) This Offer is being made by the Acquirers and the PACs pursuant to Regulations 3 and 4 of SEBI (SAST) Regulations 2011. 2) This Offer is not a conditional offer in terms of Regulation 19 of the SEBI (SAST) Regulations, 2011 and is not subject to any minimum level of acceptance. 3) This Open Offer is not a competing offer in terms of Regulations 20 of SEBI (SAST) Regulations, 2011. 4) The marketable lot for the Equity Shares of the Target Company is 1 (One) Equity Share. 5) The Reserve Bank of India, Mumbai (“RBI”) vide its Letter No. CO.DOR.HGG.No.S1930/16-80-001/2026-2027 dated June 03, 2026 has granted its prior approval to the Acquirers and the PACs for the proposed acquisition of equity shares/convertible warrants as well as change in control of the Target Company. As on date, no other Statutory Approvals are required by the Acquirers and the PACs to complete the Open Offer. In case, if any Statutory Approval(s) are required or become applicable at a later date before the closure of the Tendering Period, the Offer shall be subject to the receipt of such Statutory Approval(s). 6) The Acquirers and PACs may withdraw the Offer in accordance with of Regulation 23(1) of the SEBI (SAST) Regulations. In the event of a withdrawal of the Open Offer, the Acquirers and PACs (through the Manager to the Open Offer) shall, within 2 (two) Working Days of such withdrawal, make a public announcement, in the same Newspapers in which the Detailed Public Statement was published, in accordance with Regulation 23(2) of the SEBI (SAST) Regulations and such public announcement will also be sent to SEBI, the Stock Exchange and the Target Company at its registered office, in accordance with Regulation 23(2) of the SEBI (SAST) Regulations.” 7) The Offer Price may be subject to upward revision, if any, pursuant to the SEBI (SAST) Regulations, 2011 or at the discretion of the Acquirers and PACs at any time prior to the commencement of the last 1 (one) Working Day before the commencement of the Tendering Period, in accordance with Regulation 18(4) of the SEBI (SAST) Regulations. In the event of such revision, the Acquirers and PACs shall: (i) make corresponding increase to the Escrow Amount; (ii) make a public announcement in the same newspapers in which the Detailed Public Statement was published; and (iii) simultaneously with the issue of such public announcement, inform SEBI, the Stock Exchange, and the Target Company at its registered office, of such revision. However, the Acquirers and PACs shall not acquire any equity shares after the 3rd working day prior to the commencement of the Tendering Period, and until the expiry of the Tendering Period. The same price shall be payable by the Acquirers and PACs for all the equity shares tendered in the Open Offer anytime during the Open Offer. 8) There has been no competing offer to the Open Offer as of the date of this Letter of Offer (“LoF”). A copy of the Public Announcement (“PA”), Detailed Public Statement (“DPS”), Draft Letter of Offer (“DLoF”) and Letter of Offer (“LoF”) (including the Form of Acceptance-cum-Acknowledgement) will also be available on the website of Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in. All future correspondence should be addressed to the Manager to the Offer/Registrar to the Offer at the address mentioned below: MANAGER TO THE OFFER REGISTRAR TO THE OFFER Mark Corporate Advisors Private Limited Purva Sharegistry (India) Private Limited CIN: U67190MH2008PTC181996 CIN: U67120MH1993PTC074079 Address: 404/1, The Summit, Address: Unit No. 9, Ground Floor, Sant Janabai Road (Service Lane), Shiv Shakti Industrial Estate, J. R. Boricha Marg, Off Western Express Highway, Lower Parel East, Mumbai-400011, Maharashtra, India Vile Parle (East), Mumbai-400 057. Tel. No.: +91 22 3199 8810 / 4961 4132 Tel. No.: +91 22 2612 3207/08 Email ID: support@purvashare.com Email ID: openoffer@markcorporateadvisors.com Contact Person: Ms. Deepali Gaonkar Investor Grievance Email ID: SEBI Registration No.: INR000001112 investorgrievance@markcorporateadvisors.com Contact Person: Mr. Manish Gaur SEBI Reg. No.: INM000012128 Offer Opens on : Wednesday, July 01, 2026 Offer Closes on : Tuesday, July 14, 2026 SCHEDULE OF MAJOR ACTIVITIES PERTAINING TO THE OFFER: Sr. Original Schedule Revised Schedule(1) Nature of Activity No. Day & Date Day & Date 1) Date of the Public Announcement Friday, Friday, February 06, 2026 February 06, 2026 2) Date of publishing the Detailed Public Statement Friday, Friday, February 13, 2026 February 13, 2026 3) Last date for filing of Draft Letter of Offer with SEBI Monday, Monday, February 23, 2026 February 23, 2026 4) Last date of a Competing Offer(s)(2) Tuesday, Tuesday, March 10, 2026 March 10, 2026 5) Last date for receipt of SEBI observations on the DLoF (in the Tuesday, Friday, event SEBI has not sought clarifications or additional March 17, 2026 June 12, 2026(3) information from the Manager) 6) Identified Date(4) Friday, Tuesday, March 20, 2026 June 16, 2026 7) Last date by which the Letter of Offer will be dispatched to Monday, Tuesday, the Eligible Equity Shareholders as on the identified date March 30, 2026 June 23, 2026 8) Last date by which the recommendation of the committee of Thursday, Thursday, Independent Directors of the Target Company will be given April 02, 2026 June 25, 2026 and published 9) Last Date for revising the Offer Price/number of shares Monday, Monday, Ap [Showing first 8,000 characters — download PDF for full document]