Purple Wave Infocom

Purple Wave Infocom received a ₹5.09 crore work order, exclusive of GST, from IT Infrastructure Park Private Limited for supply, installation, testing, commissioning and handover of LED media wall, Active LED and audio systems at the CRC Flagship Project in Noida. The scope comprised SAIPUR outdoor Active LED, AV room Active LED, displays and media wall together with an AV room audio system, for completion within 180 days. It followed a five-year ₹4.50 crore display-as-a-service agreement with Vexto Commercials at Neo Square, Gurugram, in early September. The company commenced manufacturing at a rented facility in Manesar in May 2026, after operating without owned plants. Revenue was ₹146.10 crore in the year to March, with AV integration accounting for 59% of FY25 revenue.

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Purple Wave Infocom entered into a five-year Digital Screens-as-a-Service agreement with Vexto Commercials Pvt. Ltd. for deployment and management of an integrated technology solution at Neo Square in Sector 109, Gurugram. The contract covered indoor and outdoor LED screens, lift-lobby displays, Hygi Air systems, a vending kiosk and cloud-based software, with monthly charges of ₹7.50 lakh and a base value of ₹4.50 crore inclusive of GST before 10% annual escalation. Purple Wave's IPO documents had described the business as tender-driven and without long-term customer contracts. AV integration accounted for 58.8% of FY26 revenue, while an August HYGI AIR pilot across 100 retail outlets had not produced a confirmed order or assured revenue.

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Purple Wave Infocom's board approved its Board's Report and annual report for the financial year ended 31 March 2026. It scheduled the 19th annual general meeting for 25 September at noon through video conferencing and approved the reappointment of director Ananya Singh, subject to shareholder approval. The board also approved material related-party transactions of up to ₹15 crore each with Purplewave India and wholly owned subsidiary Nano Theatre for FY27, also subject to shareholder approval. Remote e-voting will run from 22 to 24 September, with 18 September set as the cut-off date for eligibility. Purple Wave Infocom reported FY26 revenue of ₹146.10 crore and net profit of ₹13.43 crore, while Nano Theatre had been approved as a wholly owned subsidiary in March 2026.

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Purple Wave Infocom said it had signed a Letter of Intent with Hyundai Motor India to supply, install and maintain 1,500 digital advertising display kiosks under its SAIPUR brand across Hyundai dealerships, along with a cloud-based content management service. The indicative total contract value is ₹14.94 crore over five years, with deployment of 600 units in the first year, 400 in the second and 500 in the third. The company cautioned that the LOI is non-binding and that actual revenue will depend on purchase orders from Hyundai's authorised workshops.

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Yash Patel, together with Yashvi Patel and Bhavna Hitesh Patel, acquired a 15.55% stake in Purple Wave Infocom through open market purchases on 29 July 2026, taking their combined holding to 18.22%. The acquirers are not part of the promoter group.

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Feb 20 (Reuters) - Purple Wave Infocom Ltd PURW.BO:

• PURCHASE OF PROPERTY USING IPO PROCEEDS

• PROPERTY PURCHASED FOR 129.2 MILLION RUPEES

Source text: ID:nBSE2SJ9Jx

Further company coverage: PURW.BO

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