3i Infotech , a leading technology company, is set to take significant steps towards its proposed rights issue, with a crucial Rights Issue Committee meeting scheduled for September 17, 2025. The meeting aims to determine key aspects of the rights issue, including its size, price, entitlement ratio, and record date.

Rights Issue Approval and Committee Meeting

The company has received in-principle approvals from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for the rights issue of equity shares. These shares, with a face value of ₹10 each, are expected to aggregate up to ₹100 crore. The NSE granted its approval on September 5, 2025, followed by BSE's approval on September 10, 2025.

This development comes after the Rights Issue Committee had previously approved the Draft Letter of Offer during its meeting on July 18, 2025. The upcoming September 17 meeting is expected to finalize the critical details of the rights issue, paving the way for its implementation.

Recent Corporate Governance Activities

In addition to the rights issue developments, 3i Infotech recently held its 32nd Annual General Meeting (AGM) on September 10, 2025. The meeting was conducted through video conferencing and other audio-visual means, adapting to the evolving corporate landscape.

The AGM addressed several key agenda items, including:

1. Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025
2. Re-appointment of Mr. Umesh Mehta as a director
3. Appointment of C K S P and Co LLP as statutory auditors
4. Appointment of M/s. SAP and Associates as secretarial auditors
5. Approval for reduction in overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013
6. Approval for reduction in the limit to create security against loans under Section 180(1)(a) of the Companies Act, 2013

The voting results from the AGM indicate strong shareholder support for these resolutions, with most receiving over 99% votes in favor.

Looking Ahead

As 3i Infotech moves forward with its rights issue plans, investors and market watchers will be keenly awaiting the outcomes of the September 17 committee meeting. The finalization of the rights issue details will provide clarity on the company's capital raising strategy and its implications for existing shareholders.

The combination of the upcoming rights issue and the recent corporate governance activities demonstrates 3i Infotech's proactive approach to financial management and shareholder engagement. These developments may have significant implications for the company's future growth and financial position in the dynamic technology sector.

3i Infotech Limited , a global information technology company, has announced that its US subsidiary has received an additional grant of $2.26 million through the Employee Retention Tax Credit (ERTC) program. This latest development brings the total grant entitlement for the company's US operations to $4.41 million under the scheme.

Additional Grant Details

According to a regulatory filing by 3i Infotech Limited, the company's material subsidiary in the United States, 3i Infotech Inc., USA, received an intimation of overpayment from the Internal Revenue Service, Department of Treasury, Cincinnati, USA. The notification, along with the payment instrument, was received by the US subsidiary.

Total Grant Entitlement

The additional grant of $2.26 million complements the previously announced entitlement of $2.14 million. With this new allocation, the total grant entitlement under the Employee Retention Tax Credit Scheme for 3i Infotech's US subsidiary now stands at $4.41 million.

Significance of the ERTC Program

The Employee Retention Tax Credit is a program designed to encourage businesses to keep employees on their payroll during challenging economic times. For 3i Infotech, this additional funding represents a significant boost to its US operations, potentially enhancing its ability to maintain its workforce and navigate through economic uncertainties.

Company's Response

Varika Rastogi, Company Secretary of 3i Infotech Limited, confirmed the receipt of the additional grant in a communication to the stock exchanges. The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This latest financial boost for 3i Infotech's US subsidiary underscores the company's eligibility for government support programs and may contribute to its operational stability in the US market. Investors and stakeholders will likely be watching closely to see how this additional funding impacts the company's performance and strategies in the coming months.