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

Ref: PFL/BSE/2026-27/36 June 23, 2026 The Secretary BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Equity Debt Scrip code 544191 977452 977715 977718 977748 Scrip ID PURPLEFIN 1225PFL28 1250PFL31 PFL06426 12PFL28 Sub.: Intimation of Recommendations by the Committee of Independent Directors (“IDC”) pursuant to Regulation 26(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and takeovers) Regulations, 2011 (“SEBI SAST Regulations”). Dear Sir/Madam, Pursuant to Regulation 26(7) of the SEBI SAST Regulations, we hereby inform that a meeting of the Committee of Independent Directors (“IDC”) of Purple Finance Limited (“The Company/ Target Company”) formed under Regulation 26(6) of the SEBI SAST Regulations was held on Tuesday, June 23, 2026, at 05:00 PM to provide their recommendations on the open offer by Allied Commodities Private Limited (“Acquirer 1”) and Mr. Sandeep Jindal (“Acquirer 2”) (Acquirer 1 and Acquirer 2 hereinafter collectively referred to as “Acquirers”) together with Intellect Stock Broking Limited (“PAC 1”), Intellect Money Finvest Private Limited (“PAC 2”), Mr. Amitabh Chaturvedi (“PAC 3”) and AC Enterprises Private Limited (“PAC 4”) (“PAC 1”, “PAC 2”, “PAC 3” and “PAC 4” hereinafter collectively referred to as PAC) in their capacity as persons acting in concert with the Acquirers for the purposes of the Open Offer up to 1,76,48,152 (One Crore Seventy Six Lakhs Forty Eight Thousand One Hundred and Fifty Two) fully paid-up equity shares having for a price of INR 55 (Indian Rupees Fifty - Five) each (“Equity Shares”) of the Target Company, representing 26% (Twenty Six percent) of the total Emerging voting Share Capital of the Company. The IDC provided their reasoned recommendations in connection with the Open Offer made under the SEBI SAST Regulations after review of the Public Announcement, the Detailed Public Statement ands the Letter of Offer. A copy of the said reasoned recommendations of the IDC is enclosed herewith for your information and records. Thanking you, Yours faithfully, For Purple Finance Limited Ruchi Nishar Company Secretary and Compliance Officer