Affle 3i Limited has informed the Exchange regarding Notice of Postal Ballot
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Affle 3i Limited has issued a postal ballot notice seeking shareholder approval for three director appointments via remote e-voting. The resolutions cover: (1) Dr. Simon Arthur Chesterman as Independent Director for a 2-year term from May 11, 2025 to May 10, 2027; (2) Mr. Piyush Gupta as Independent Director for the same 2-year term; and (3) Mr. Vivek Narayan Gour as Non-Executive Director effective June 5, 2025, who was previously serving as Independent Director and Audit Committee Chairperson. The first two appointments require special resolutions, while Mr. Gour's appointment needs an ordinary resolution. E-voting runs from June 12, 2025 (9:00 a.m. IST) to July 11, 2025 (5:00 p.m. IST), with the cut-off date being June 6, 2025. Results will be announced on or before July 15, 2025, with KFin Technologies acting as the e-voting agency and Ms. Kiran Sharma as the scrutiniser.
This is a routine corporate governance exercise to formalize board appointments that are already provisionally in effect. The new directors bring strong profiles — including AI governance expertise, venture capital and investment banking experience (ex-Sequoia/Peak XV, Morgan Stanley, Deutsche Bank), and deep financial services/aviation sector knowledge — which should be viewed positively by investors. No material impact on stock price is expected as these are board-level changes with no operational or financial implications.