Affle 3i Limited responded to BSE's email L/SURV/ONL/PV/SG/2026-2027/267 dated July 29, 2026, regarding significant increase in trading volume of the company's shares on stock exchanges.

The company stated it has made all necessary disclosures in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and highlighted several recent disclosures:

M&A Activities Disclosure:

  • During earnings calls held on November 3, 2025, February 2, 2026, and May 11, 2026, the company disclosed that it and its subsidiaries are identifying and negotiating with suitable target companies and conducting due diligence for acquisitions
  • As of November 3, 2025: Early evaluation ongoing for 10 potential targets, described as being in "courtship period" with early level diligence
  • As of May 11, 2026: Evaluated more than 10 companies, shortlisted about 4 for deeper due diligence, assessments, and negotiations

Preferential Issue Purpose:

  • The objects of the recent preferential issue (as per Postal Ballot Notice dated May 11, 2026) include funding the company's inorganic growth objectives through strategic investments and/or acquisitions

Subsidiary Asset Acquisition:

  • Via letter dated June 13, 2026, the company intimated that Affle MEA FZ LLC (wholly owned step-down subsidiary) entered into a definitive Asset Purchase Agreement to acquire AdColony Assets from Digital Turbine, Inc.

ESOP Allotment:

  • Via letter dated July 27, 2026, the company allotted 83,000 equity shares under Affle (India) Limited Employee Stock Option Scheme, 2021 to Affle (India) Limited Employees' Welfare Trust
  • The company stated this is not a material event despite media coverage

Upcoming Events:

  • Tentative plan for holding the next Board meeting is on August 8, 2026

The company assured adherence to Regulation 30 requirements and committed to keeping stock exchanges informed as required under regulations. The company stated it is not aware of any reason other than the above for the increase in traded volume.

Document Links Provided

  • Earnings Call Transcript November 3, 2025
  • Earnings Call Transcript February 2, 2026
  • Earnings Call Transcript May 11, 2026
  • Letter dated June 13, 2026 (AdColony acquisition)
  • Letter dated July 27, 2026 (ESOP allotment)

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