3i infotech Limited has announced a postal ballot seeking shareholder approval for the re-appointment of Mr. Avtar Singh Monga as Non-executive Independent Director for a second consecutive term. The company issued the postal ballot notice on February 13, 2026, with voting to be conducted exclusively through remote electronic voting.

Postal Ballot Timeline and Process

The remote e-voting process has been structured with specific timelines to ensure orderly participation by eligible members.

The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility. Members whose names appear in the register of members or list of beneficial owners as on the cut-off date and have registered email addresses will be eligible to participate in the voting process.

Director Re-appointment Details

The postal ballot seeks approval for Mr. Avtar Singh Monga's re-appointment as Non-executive Independent Director through a special resolution. His current term as Independent Director concludes on March 31, 2026, having served his first five-year term from April 1, 2021.

Mr. Monga currently serves as Chairman of the Nomination and Remuneration Committee and is a member of the Audit Committee, Sub-committee on Legacy Matters of the Audit Committee, and Products Innovation Sub-committee. He also serves as an Independent Director on the Board of 3i Infotech Inc., USA, a material wholly owned subsidiary of the company.

Director's Professional Background

Mr. Avtar Singh Monga brings extensive experience from the financial and banking industry, having worked for almost 38 years in leadership positions. His professional journey includes:

• 26 years with Bank of America: First 16 years in India business, followed by 10 years establishing and scaling Global Delivery Centres of Expertise as Managing Director
• GE Capital India: Spearheaded SBI Card JV and Transport Financial Services as CEO
• IFC Bank: Served as Chief Operating Officer and Head of Retail Banking

He holds a Master's degree in commerce, MBA in Marketing and Finance, and is a Fellow member of the Institute of Directors. Currently, he serves on the Board of Fintech Association for Consumer Empowerment (FACE), the RBI-recognised self-regulatory organization in the FinTech sector.

Remuneration and Board Participation

During FY2024-25, Mr. Monga received sitting fees of Rs. 29 lakhs for attending Board and Committee meetings. His attendance record demonstrates active participation across various committees.

Voting Process and Member Guidelines

The postal ballot notice will be sent only via email to members who have registered their email addresses with the company or depositories. The company has provided detailed instructions for different categories of shareholders, including those holding securities in demat mode with NSDL or CDSL, and those holding shares in physical form.

Members can access the postal ballot notice on the company's website at www.3i-infotech.com , stock exchange websites, and NSDL's e-voting portal at www.evoting.nsdl.com . The Board of Directors has recommended the resolution for approval by members through special resolution, citing Mr. Monga's valuable contributions and strategic insights that have supported the company's decision-making processes.

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.