Infomerics Valuation and Rating Limited has submitted a clean monitoring agency report for 3i infotech Limited, confirming no deviation in the utilization of rights issue proceeds for the quarter ended December 31, 2025. The report was prepared under Regulation 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations.

Rights Issue Monitoring Details

The monitoring report covers 3i Infotech's rights issue of equity shares for an amount aggregating to Rs. 64.10 crore. The monitoring agency agreement between the company and Infomerics was executed on July 18, 2025.

Compliance Status

The report indicates complete compliance with the stated objects of the rights issue:

The monitoring agency confirmed that there was no percentage deviation from the amount of issue proceeds earmarked for the specified objects during the quarter under review.

Monitoring Agency Declaration

Infomerics Valuation and Rating Limited declared that the report provides an objective view of the utilization of issue proceeds based on information provided by the issuer and sources believed to be accurate and reliable. The agency confirmed it has no direct or indirect interest in or relationship with the issuer, promoters, directors, or management that could create a conflict of interest.

The report was signed by Jyotsna Gadgil, Senior Director - Ratings at Infomerics, who affirmed that the document provides a true and fair view of the utilization of issue proceeds. The monitoring agency emphasized that it does not perform an audit and undertakes no independent verification of information received from the company.

Regulatory Framework

The monitoring report fulfills the requirements under SEBI regulations for tracking the utilization of funds raised through rights issues. This quarterly reporting mechanism ensures transparency in the deployment of capital raised from public offerings and helps maintain investor confidence in the proper utilization of funds for stated corporate purposes.

3i Infotech Limited has issued a corrigendum to rectify a typographical error in its stock options grant disclosure submitted to stock exchanges on February 12, 2026. The correction pertains to the number of stock options granted under the company's Stock Option Plan 2023.

Error Correction Details

The company identified an inadvertent typographical error on the first page of its original disclosure where the number of stock options was incorrectly stated as 89,000. The accurate figure, as mentioned in the annexure on the second page, is 83,000 stock options.

Regulatory Communication

The corrigendum was formally communicated to both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Varika Rastogi signed the correction notice, emphasizing that all other information contained in the original disclosure remains unchanged.

Company Response

3i Infotech expressed regret for the oversight and requested both stock exchanges to take the corrigendum on record. The company clarified that while the first page contained the error, the annexure accurately reflected the correct number of 83,000 stock options throughout the documentation process.

The correction ensures accurate reporting of the stock options grant under the company's employee stock option scheme, maintaining transparency in corporate disclosures to regulatory authorities and stakeholders.