Affle 3i shareholders approve warrant issuance and capital increase
Affle 3i Limited shareholders approved the preferential issuance of warrants to the promoter and an increase in authorised share capital through a postal ballot that concluded on June 10, 2026. The scrutiniser's report confirmed that all four resolutions, including alterations to the Memorandum and Articles of Association, were passed with the requisite majority. The company had issued a corrigendum on June 6, 2026, to provide supplementary valuation details.
*this image is generated using AI for illustrative purposes only.
Affle 3i Limited shareholders have approved the preferential issuance of warrants to the promoter and an increase in the company's authorised share capital through a postal ballot process that concluded on June 10, 2026. The resolutions were passed with the requisite majority, enabling the company to alter its Memorandum of Association and Articles of Association. The voting period for remote e-voting commenced on May 12, 2026, and concluded on June 10, 2026, with the scrutiniser confirming the results.
The postal ballot notice was initially dispatched on May 11, 2026, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A corrigendum was issued on June 6, 2026, to provide supplementary information regarding the valuation report for the warrant issuance. The supplementary report, dated June 5, 2026, explained the rationale for not using the income approach in the valuation conducted by Resurgent Valuers Private Limited.
The scrutiniser's report, submitted by Kiran Sharma & Co., Company Secretaries, detailed the voting outcomes for four special business items. The resolutions included the change in objects for unutilized proceeds of the preferential issue and the alteration of the Articles of Association. KFin Technologies Limited provided the e-voting facility for the process.
The following table summarises the voting results for the key resolutions passed:
| Resolution | Votes For | % For | Votes Against | % Against |
|---|---|---|---|---|
| Increase Authorised Share Capital | 126,587,645 | 99.91 | 113,486 | 0.09 |
| Issuance of Warrants to Promoter | 122,451,391 | 96.65 | 4,249,428 | 3.35 |
| Change in Objects of Proceeds | 126,302,810 | 99.69 | 398,085 | 0.31 |
| Alteration of Articles of Association | 126,699,690 | 99.99 | 1,174 | 0.01 |
Shareholders holding shares as of the cut-off date of May 8, 2026, were eligible to vote. The scrutiniser confirmed that no requests for vote modification were received after the dispatch of the corrigendum. The results have been submitted to the stock exchanges, and the records will be preserved by the company secretary. Parmita Choudhury, Company Secretary & Compliance Officer, signed the intimation on behalf of the Board.
Historical Stock Returns for Affle 3i
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.54% | +1.59% | -12.92% | -23.21% | +71.61% |
How will the infusion of capital from the warrant issuance be deployed to drive future growth?
What impact will the increased authorized share capital have on the company's future acquisition strategy?
How might the alteration of the Articles of Association affect corporate governance moving forward?
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