The Board of Purple Finance Limited has approved the issue and allotment of 1,05,93,001 (One Crore Five Lacs Ninety-Three Thousand and One) Equity Shares of Rs. 10/- each to the Shareholders of Canopy Finance Limited (Transferor Company) whose names appears on the Register of Members of Canopy Finance Limited on the Record date i.e. 15th March 2024 in ratio of 1 : 1 pursuant to Scheme of Merger by Absorption of Canopy Finance Limited by Purple Finance Limited.