Please find enclosed Intimation of recommendation by the Committee of Independent Director

Purple Finance Ltd announced that its Committee of Independent Directors (IDC) has provided their reasoned recommendations concerning an open offer. The open offer, made by Allied Commodities Private Limited and Mr. Sandeep Jindal along with their Persons Acting in Concert (PACs), aims to acquire up to 26% of Purple Finance Ltd's equity shares at INR 55 per share. The IDC's recommendations were submitted following a review of the public announcement and letter of offer, in compliance with SEBI SAST Regulations.