Purple Agrotech seeks vote on Aurigem name and objects

Purple Agrotech Industries Limited is seeking shareholder approval for a main-object amendment and a proposed rename to Aurigem Industries Limited, with remote postal-ballot voting open from November 10 to December 9, 2026. The November 5, 2026 filing does not disclose the wording of the amended objects or identify proposed jewellery or bullion activities.

What are Purple Agrotech shareholders being asked to approve?

Purple Agrotech is asking shareholders to approve an alteration to its main-object clause and a change of name to Aurigem Industries Limited. Its board approved both proposals on November 5, 2026, subject to approval through a postal ballot and consequential changes to the Memorandum of Association and Articles of Association.

The filing confirms the approval process but does not reproduce the proposed revised main-object clause. It therefore does not provide source-backed detail on any intended business lines, including jewellery, bullion, gems, retail, wholesale or e-commerce operations, within the November 5 board-outcome announcement.

Purple Agrotech was formerly known as Purple Entertainment Limited, according to the filing dated November 5, 2026. The proposed Aurigem Industries Limited name would only take effect if shareholders approve the resolution and the related constitutional-document amendments are completed.

When can Purple Agrotech shareholders vote on the proposals?

Purple Agrotech has fixed remote e-voting from 9:00 AM Indian Standard Time on November 10, 2026 until 5:00 PM Indian Standard Time on December 9, 2026. The board set October 30, 2026 as the cut-off date for the postal-ballot notice and remote e-voting process.

The company appointed Purva Sharegistry (India) Private Limited as the remote e-voting agency. It also appointed Pooja Gwalani, a practising company secretary with Certificate of Practice No. 13876 and membership No. A29004, as scrutinizer for the electronic postal-ballot process.

The board meeting began at 3:40 PM and ended at 4:40 PM on November 5, 2026. The supplied announcement does not include the postal-ballot notice itself, so it does not set out the full text of the resolutions or voting instructions.

How did Purple Agrotech perform in the September 2026 quarter?

Purple Agrotech reported profit after tax of Rs 11.26 lakh for the quarter ended September 30, 2026, down from Rs 12.35 lakh a year earlier but up from Rs 3.02 lakh in the quarter ended June 30, 2026. Profit before tax was Rs 15.09 lakh, compared with Rs 16.51 lakh in the September 2025 quarter.

The company reported no revenue from operations in the September 2026 quarter, while total income was Rs 25.16 lakh, entirely from other income. This differed from the June 2026 quarter, when revenue from operations was Rs 1.41 crore and total income was Rs 1.46 crore; other income in that quarter was Rs 4.65 lakh.

For the half year ended September 30, 2026, total income was Rs 1.71 crore, compared with Rs 56.79 lakh in the corresponding prior-year half year. Net profit, however, declined to Rs 14.28 lakh from Rs 22.25 lakh, while finance costs fell to Rs 8.95 lakh from Rs 19.67 lakh.

Purple Agrotech reports one business segment under Indian Accounting Standard 108, or Ind AS 108, in its September 2026 results. Basic and diluted earnings per share were both Rs 0.14 for the September quarter, unchanged from the September 2025 quarter and above Rs 0.03 in the June 2026 quarter.

What changed in Purple Agrotech’s assets, debt and cash?

Purple Agrotech’s total assets were Rs 12.20 crore at September 30, 2026, compared with Rs 21.09 crore at March 31, 2026. Cash and cash equivalents fell to Rs 65.18 lakh from Rs 5.90 crore, while trade receivables declined to Rs 5.09 crore from Rs 6.07 crore.

Inventories stood at Rs 47.79 lakh at September 30, 2026, compared with nil at March 31, 2026. Loans were broadly unchanged at Rs 5.94 crore, compared with Rs 5.97 crore six months earlier, according to the unaudited balance sheet.

Non-current borrowings fell to Rs 22 lakh at September 30 from Rs 6.97 crore at March 31. Current borrowings of Rs 1.99 crore reported at March 31 were nil at September 30, while shareholders’ funds increased to Rs 10.42 crore from Rs 10.28 crore.

For the half year ended September 30, 2026, Purple Agrotech generated Rs 15.54 lakh of net cash from operating activities. Investing activities generated Rs 3.43 crore, including Rs 3.11 crore from fixed-deposit redemption, while financing activities used Rs 8.83 crore, including Rs 8.74 crore of net borrowing repayment.

What regulatory matter has Purple Agrotech disclosed?

Purple Agrotech disclosed that the Securities and Exchange Board of India, or SEBI, issued a final order on June 30, 2026 that restrained the company from accessing the securities market and from dealing in securities for four years. SEBI also imposed a monetary penalty of Rs 50 lakh, according to the notes to the September 2026 results.

Purple Agrotech said the Securities Appellate Tribunal, or SAT, stayed SEBI’s order on September 11, 2026, subject to the full deposit of the penalty. The company said it deposited Rs 50 lakh on October 7, 2026; the filing does not disclose a final outcome or timetable for the appeal.

The company’s audit committee and board reviewed and approved the unaudited standalone results on November 5, 2026. H S K & Co. LLP, Chartered Accountants, carried out a limited review, and Purple Agrotech reported no exceptional items for the September 2026 quarter.

Conclusion

Purple Agrotech’s November 5 decisions link a proposed change to its corporate objects with a proposed Aurigem Industries Limited rebrand, both requiring shareholder approval. Its September-quarter profit was Rs 11.26 lakh despite no reported operating revenue, while its September 30 balance sheet showed lower borrowings, lower cash and total assets of Rs 12.20 crore.

The next disclosed milestone is the close of remote e-voting at 5:00 PM Indian Standard Time on December 9, 2026. The postal-ballot outcome should show whether shareholders approve the name and object changes, while the supplied filing leaves the ultimate outcome of the SAT appeal against SEBI’s June 30, 2026 order unresolved.