News

Purple Style Labs Limited will hold a board meeting on Thursday, September 24, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026, and the trading window for designated persons has been closed since September 7, 2026, and will remain so until 48 hours after the results are declared.

Purple Style Labs Limited announced that its board approved an investment of USD 7 million to acquire 7 million Class B Common Stock of its wholly-owned subsidiary, Purple Style Labs USA, Inc., which operates Pernia’s Pop-Up Studio in New York City, and intends to fund the investment primarily from proceeds of its Initial Public Offer. The acquisition, considered a related-party transaction due to the subsidiary’s ownership, will be executed for a cash consideration of USD 7 million and is expected to be completed within 30 days of receiving approval from an authorized dealer bank.

Purple Style Labs Limited announced that its board approved an investment of Rs 420 crore to acquire equity shares of its wholly-owned subsidiary, PSL Retail Private Limited, through a rights issue. The investment will be used to address lease liabilities for experience centers and back-end offices in India, aligning with the company’s initial public offering objectives. PSL Retail Private Limited, incorporated in August 2019, operates the luxury omni-channel fashion platform Pernia’s Pop-Up Shop and reported revenue from operations of Rs 5,557.38 million for the financial year ended March 31, 2026.