Affle India Limited, formerly known as Affle (India) Limited, has filed a revised disclosure regarding the encumbrance of shares by its promoter group. The filing, dated June 12, 2026, details a non-disposal undertaking on shares held by AGPL Pte. Ltd. and Affle Holdings Pte. Ltd. The encumbrance, created on June 5, 2026, is in favor of Axis Trustee Services Limited and its GIFT City branch.
Revised Disclosure on Promoter Share Encumbrance
Affle India Limited (formerly Affle (India) Limited) has submitted a revised disclosure to the stock exchanges concerning the substantial acquisition of shares and takeovers. This filing, dated June 12, 2026, pertains to an encumbrance event involving the promoter group.
Details of the Encumbrance
The encumbrance was created on June 5, 2026, involving shares held by AGPL Pte. Ltd. and Affle Holdings Pte. Ltd. A total of 2,00,89,555 shares (14.27%) of AGPL Pte. Ltd. and 5,72,15,465 shares (40.64%) of Affle Holdings Pte. Ltd. are subject to this non-disposal undertaking. The encumbrance is in favor of Axis Trustee Services Limited (‘Security Agent’) and Axis Trustee Services Limited, GIFT City branch (‘Facility Agent’). This action is linked to a facility agreement entered into on the same date, involving AGPL Pte. Ltd. as the ‘Borrower’ and Affle Holdings Pte. Ltd. as the ‘Guarantor’.
Purpose and Involved Entities
The borrowed amount, amounting to USD 80 million with an incremental facility up to USD 170 million, is intended for several purposes. These include the buy-back of shares at the Promoter Group from Non-Promoter Shareholders, repayment of loans at a Promoter Group Company, or secondary purchase of listed Company shares (maximum USD 70 million). Additionally, a portion is allocated for a preferential issuance of capital instruments for a minimum value of USD 90 million.
Shareholding Impact
Following the encumbrance, the total promoter shareholding in the listed company stands at 54.91%, comprising 77,305,180 shares, plus 20 shares held by Nominee shareholders of AGPL. The encumbered shares represent 100% of the promoter shareholding and 54.91% of the total share capital.
Source: BSE
