Affle 3i Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, concerning the utilization of proceeds from its preferential issue. The report, issued by ICRA Limited, indicates no material deviation from the stated objects of the issue. The total issue size was ₹749.02 Crore, with net proceeds of ₹737.43 Crore after accounting for higher-than-estimated issue-related expenses by ₹0.6 Crore. The utilization of funds is categorized into four main objects: development and expansion of technologies, platforms, and product propositions (up to ₹335.00 Crore), funding inorganic growth opportunities (up to ₹150.00 Crore), repayment of outstanding liabilities of subsidiaries related to prior acquisitions (up to ₹75.00 Crore), and general corporate purposes (up to ₹178.00 Crore). During the quarter, ₹238.32 Crore was utilized, bringing the total utilization to ₹238.32 Crore as of the end of the quarter. The unutilized amount stands at ₹499.11 Crore. A significant portion of the unutilized proceeds, ₹297.42 Crore, is allocated for technology development and expansion, while ₹150.00 Crore remains for inorganic growth, and ₹51.69 Crore for general corporate purposes. A total of ₹75.00 Crore was utilized for subsidiary liability repayment. The unutilized proceeds are deployed in various fixed deposits with banks including Axis Bank Singapore, HDFC Bank, and Kotak Mahindra Bank, with maturity dates extending up to October 2026. Mutual funds, specifically HDFC Overnight Fund and Axis Overnight Fund, also hold a portion of the unutilized proceeds. The total deployed amount, including earnings and exchange rate gains, is ₹567.83 Crore. All objects are on schedule for completion by March 2027, with no delays reported. The utilization for general corporate purposes includes ₹99.76 Crore for working capital requirements of foreign subsidiaries and ₹25.98 Crore for loan repayment.
