Affle 3i Limited announced the successful alteration of its Memorandum and Articles of Association (MOA & AOA) following shareholder approval via postal ballot. This change, effective June 10, 2026, formally updates the company’s constitutional documents. The alterations involve a revised authorized share capital and modified clauses concerning the issuance of shares and convertible securities, reflecting the company’s strategic adjustments.
Affle 3i Limited Updates Key Documents
Affle 3i Limited has officially completed the alteration of its Memorandum of Association (MOA) and Articles of Association (AOA), effective June 10, 2026. This significant corporate action follows the approval of shareholders, as previously sought through a postal ballot notice dated May 11, 2026. The changes are now legally binding and reflect the company’s evolving structure and strategic direction.
Key Changes in MOA
The primary alteration within the MOA concerns Clause V (Authorised Share Capital). The existing clause has been substituted with a new provision that increases the authorised share capital to Rs. 310,000,000/- (Rupees Three Hundred and Ten Million Only), divided into 155,000,000 equity shares of Rs. 2/- each. This revised capital structure includes the power to increase or reduce capital and divide shares into various classes with specific rights.
Amendments to AOA
In parallel, Article 16 (a) (iii) of the AOA has been substituted. The updated article now pertains to the issuance of shares or other securities convertible into shares of the Company. This issuance is permissible upon a Special Resolution, for cash or consideration other than cash, subject to compliance with applicable laws, including Chapters III and IV of the Act.
Source: BSE
