3i Infotech Limited has filed its Monitoring Agency Report for the quarter ended March 31, 2026, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report pertains to the utilization of proceeds from the company's Rights Issue aggregating to Rs. 64.10 crore and has been prepared by Infomerics Valuation and Rating Limited, the appointed Monitoring Agency. The report was duly reviewed by the Audit Committee of the company and submitted to the stock exchanges on May 8, 2026.

Rights Issue Overview

The Rights Issue involved the issuance of up to 3,77,08,165 fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 17 per share, including a premium of Rs. 7 per share. The issue was open from October 7, 2025 to October 27, 2025, on a rights basis to eligible equity shareholders in the ratio of two rights equity shares for every nine fully paid-up equity shares held on the record date of September 26, 2025. The company noted that it does not have an identifiable promoter as on the date of the Letter of Offer.

The following table summarizes the key details of the Rights Issue:

Cost of Objects and Utilization Progress

The proceeds from the Rights Issue were earmarked across three objects as disclosed in the Letter of Offer dated September 17, 2025. There has been no revision in the cost of any object, as the Rights Issue was fully subscribed by investors. The Monitoring Agency confirmed no deviation from the objects of the issue.

The cost allocation across objects is as follows:

As of the quarter ended March 31, 2026, a cumulative amount of Rs. 55.85 crore had been utilized out of the total Rs. 64.10 crore raised. During Q4FY26, Rs. 11.02 crore was deployed, primarily towards salary payments under the working capital augmentation object. The detailed progress in utilization is presented below:

Deployment of Unutilized Proceeds

The remaining unutilized amount of Rs. 8.25 crore as at March 31, 2026, has been deployed in the following instruments pending final utilization:

The Board of Directors, through a circular resolution passed on April 30, 2026, approved the ratification of deferment in the schedule of implementation and deployment for the unutilized funds of Rs. 8.25 crore from March 31, 2026 to September 30, 2026. The Letter of Offer dated September 17, 2025 had provided for such deferment to the next fiscal year in the event utilization targets were not completely met in the scheduled year.

Overdraft Facility and Compliance Update

The Monitoring Agency noted a specific development related to an overdraft facility availed during Q3FY26. During that quarter, the company had availed an overdraft facility limit of Rs. 14.04 crore, secured by fixed deposits aggregating Rs. 15.95 crore, of which fixed deposits amounting to Rs. 14.95 crore had been created from Rights Issue proceeds. Of the amount drawn, Rs. 4.72 crore was applied towards the objects of the issue during Q3FY26. In Q4FY26, the company repaid the outstanding overdraft from its own funds. As per banker confirmation dated April 24, 2026, the overdraft facility has been fully closed and the fixed deposits are no longer lien marked.

The Monitoring Agency confirmed no deviation from the objects of the issue, no change in means of finance, no major deviations from earlier monitoring reports, and no unfavourable events affecting the viability of the objects. All statutory and government approvals, including principal approvals from BSE and NSE, have been obtained. The financial details were verified by C K S P And Co LLP, statutory auditor of the company, vide CA certificate dated April 23, 2026, and supported by a Management Declaration dated April 30, 2026.

3i Infotech Limited has disclosed that its material wholly owned step-down subsidiary, 3i Infotech Inc., USA (the "US Subsidiary"), has received a Sales and Use Tax Audit Notice of Assessment from the Pennsylvania Department of Revenue. The notice was received on May 8, 2026, at 1:02 p.m. (IST), and has been intimated to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Tax Assessment Notice

The assessment relates to a Sales and Use Tax Audit conducted for the period from June 30, 2022 to June 30, 2025. The notice covers audited tax liability, interest, and penalty components. The key financial figures associated with the assessment are detailed below:

Company's Response and Financial Impact

The US Subsidiary is currently in the process of evaluating the matter, including the filing of an appeal against the said assessment notice. According to the company's disclosure, apart from the audited liability, interest, and penalty forecast, there has been no significant impact on the financial, operational, or other activities of the US Subsidiary.

The intimation was signed by Varika Rastogi, Company Secretary & Compliance Officer of 3i Infotech Limited, and filed in accordance with the SEBI Master Circular dated January 30, 2026.