Affle 3i Limited (AFFLE) — Board Meeting

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📢 Key Event
Board approved allotment of 7.4 million convertible warrants to promoter at Rs 1,487 per warrant

🔄 What Changed
7.4 million warrants allotted at premium, requiring 25% upfront payment with 75% balance due within 18 months

🔮 What's Next
Warrants will convert into equity shares upon payment of remaining 75% of issue price within 18 months

💡 Investor Takeaway
This preferential issue dilutes existing shareholders through new share issuance upon warrant conversion

Affle 3i Limited announced the allotment of 7.4 million convertible warrants to promoter Affle Holdings Pte. Ltd. at Rs 1,487 per warrant, including a Rs 1,485 premium, following shareholder approval on June 10, 2026 and regulatory clearances. The warrants require 25% upfront payment with the balance due within 18 months, after which each warrant converts into one equity share of Rs 2 face value. The company will issue fully paid shares upon receipt of the remaining 75% of the issue price.

📄 View Original Announcement (PDF)

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