Affle 3i Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the utilization of proceeds from its INR 749.02 crore preferential issue remains in line with the company’s stated objects. As of the end of the quarter, the company has utilized INR 238.32 crore of the net proceeds, with project implementation remaining on schedule for completion by March 2027.
Financial Utilization Overview
The total proceeds from the preferential issue, adjusted for higher-than-estimated issue-related expenses, stands at INR 737.43 crore. The monitoring agency, ICRA Limited, confirmed that there have been no material deviations in the use of funds. As of March 31, 2026, the company has deployed a total of INR 238.32 crore, leaving an unutilized balance of INR 499.11 crore.
Breakdown of Fund Allocation
The funds are earmarked for four primary strategic areas:
- Technology Development: An allocation of INR 335.00 crore for technology and intellectual property expansion, with INR 37.58 crore utilized to date.
- Inorganic Growth: INR 150.00 crore designated for funding growth opportunities for the company and its subsidiaries.
- Debt Repayment: INR 75.00 crore has been fully utilized for the repayment of outstanding liabilities related to prior acquisitions.
- General Corporate Purposes: INR 177.43 crore (revised), with INR 125.74 crore utilized for working capital requirements of foreign subsidiaries and loan repayments.
Deployment of Unutilized Proceeds
The unutilized portion of the funds is currently deployed in highly liquid and safe instruments, including fixed deposits with major banks and investments in overnight mutual funds. These investments have generated INR 21.82 crore in earnings as of the quarter end, demonstrating prudent treasury management while awaiting further deployment into the company’s growth objectives.
Project Timelines
All identified objects, including technology expansion, inorganic growth funding, and corporate purposes, are currently on schedule. The company maintains a projected completion date of March 2027 for all objectives outlined in the original offer document, with no delays reported by the monitoring agency.
Source: BSE
