Affle 3i issues corrigendum to postal ballot notice on warrant issuance
Affle 3i Limited released a corrigendum to its May 11, 2026 postal ballot notice to include supplementary valuation details for a warrant issuance to promoters, following stock exchange inputs. The company clarified that warrant pricing remains unchanged. Shareholders can revise their votes by emailing the scrutiniser before 5.00 P.M. IST on June 10, 2026.
*this image is generated using AI for illustrative purposes only.
Affle 3i Limited has issued a corrigendum to its postal ballot notice dated May 11, 2026, to provide additional details regarding the preferential issuance of warrants to the company's promoter. The clarification follows suggestions and comments received from stock exchanges and is intended to form an integral part of the original notice. The company stated that there is no change in the pricing of the warrants or any other information previously provided.
The original postal ballot notice was dispatched to members on May 11, 2026, in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrigendum specifically addresses Item No. 2 of the notice, concerning the issuance of warrants. It provides a Supplementary Information to Valuation Report dated June 5, 2026, which explains the rationale for not using the income approach in the valuation.
The valuation report was originally obtained from Resurgent Valuers Private Limited, an independent registered valuer with IBBI Membership No. IBBI/RV-E/02/2020/125. The supplementary information has been published on the company’s website and is available for shareholder review. The Board of Directors approved the issuance of this corrigendum on June 6, 2026.
Shareholders who have already cast their votes in the ongoing postal ballot process but wish to modify their decision in light of the new information are permitted to do so. To facilitate this, the company has provided a mechanism for members to revise their votes by emailing the scrutiniser.
The following table outlines the key dates and contact details relevant to the postal ballot process:
| Event | Date/Detail |
|---|---|
| Original Postal Ballot Notice Date | May 11, 2026 |
| Supplementary Valuation Report Date | June 5, 2026 |
| Corrigendum Approval Date | June 6, 2026 |
| Last Date to Modify Votes | June 10, 2026 (5.00 P.M. IST) |
| Scrutiniser Email | cskiransharma.co@gmail.com |
The corrigendum and the original postal ballot notice are available on the company’s website, the websites of BSE Limited and National Stock Exchange of India Ltd, and the website of KFin Technologies Limited. Parmita Choudhury, Company Secretary & Compliance Officer, signed the document on behalf of the Board.
Historical Stock Returns for Affle 3i
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.40% | -0.07% | +3.95% | -10.31% | -18.12% | +37.80% |
How will the supplementary valuation report's rationale for excluding the income approach influence shareholder sentiment and voting patterns?
What impact will the extended voting window have on the final outcome of the preferential warrant issuance?
Could the need for a corrigendum trigger increased scrutiny from SEBI regarding future corporate governance disclosures?
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