Affle 3i Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by ICRA Limited and ACER Credit Rating Private Limited, details the utilization of proceeds from a preferential issue amounting to ₹737.43 crore. Key areas of fund deployment include development and expansion of technologies, inorganic growth opportunities, and repayment of outstanding liabilities, alongside general corporate purposes.
Monitoring Agency Report for Q2 2026 Issued
Affle 3i Limited has officially filed its Monitoring Agency Report covering the financial quarter ending September 30, 2026. This report, prepared in accordance with SEBI regulations, provides an objective overview of how the company has utilized the proceeds from its recent preferential issue. The monitoring was conducted by two agencies: ICRA Limited and ACER Credit Rating Private Limited.
Key Utilization Areas
The total net proceeds from the issue, as revised due to actual expenses, stood at ₹737.43 crore. The report breaks down the allocation of these funds across several key strategic objectives:
- Development and/or Expansion of Technologies: An original budget of ₹335.00 crore was allocated, with ₹37.58 crore utilized by the end of the quarter. A significant reallocation of INR 297.42 crore was approved towards Objective 2.
- Funding Inorganic Growth Opportunities: The original allocation was ₹150.00 crore, with ₹447.42 crore utilized by the end of the quarter. This objective also saw a reallocation of INR 297.42 crore from Objective 1.
- Repayment of Outstanding Liabilities: The original planned amount was ₹75.00 crore, and this was fully utilized by the quarter’s end.
- General Corporate Purpose: An initial allocation of ₹178.00 crore has seen utilization of ₹177.43 crore by the end of the quarter.
Progress and Deployment of Unutilized Proceeds
As of September 30, 2026, the total utilized amount across all objectives was ₹737.43 crore, with a total unutilized amount of ₹499.11 crore. The unutilized proceeds have been strategically deployed in various instruments, including fixed deposits with banks like Axis Bank and Kotak Mahindra, and mutual funds, yielding a return on investment of approximately 22.17 crore.
Implementation Status
The implementation of the stated objectives is generally on schedule, with completion dates projected around March 2027 for most key areas. The report indicates no significant delays in the implementation of the company’s growth strategies or general corporate purposes.
Financial Details
The total gross proceeds amounted to ₹1100.38 crore. The report highlights that a portion of the funds has been utilized for working capital requirements of foreign subsidiaries and loan repayments, amounting to ₹99.76 crore and ₹25.98 crore respectively, under General Corporate Purpose.
The company’s website will also host this disclosure.
Source: BSE
