Submission of Notice of Postal Ballot and details of remote e-voting published in Newspapers.
AFFLE · price
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Affle 3i Limited (formerly Affle India Limited) has dispatched a Postal Ballot Notice to shareholders on May 11, 2026, seeking approval via remote e-voting only. The e-voting period runs from May 12, 2026 to June 10, 2026, with shareholders as of May 1, 2026 being eligible to vote. Four resolutions are being put to vote: (1) increasing borrowing powers under Section 180(1)(c) of the Companies Act, (2) increasing the overall limit of maximum managerial remuneration for all directors, (3) increasing remuneration of Mr. Deepak Kumar Grover as Managing Director, and (4) increasing remuneration of Mr. Lavkesh Kumar Grover as Director. Ms. Kiran Sharma has been appointed as Scrutinizer for the postal ballot process.
Shareholders should note the voting deadlines as these resolutions involve expanding debt-raising capacity and increasing compensation for key management personnel, which could impact future financial obligations and corporate governance structure. Voting approval may positively signal management confidence in growth plans.