Investment23 Jul 2026, 09:00 pm
3i Infotech converts ₹11.11 Cr loan to preference shares, infuses ₹2 Cr
AI Summary
3i Infotech Ltd's Board of Directors has approved the conversion of an outstanding loan of ₹11.11 crore, including interest, granted to its wholly-owned subsidiary, NuRe FutureTech Private Limited, into redeemable preference shares. Additionally, the company will infuse fresh funds of ₹2 crore by subscribing to NuRe FutureTech's redeemable preference shares, bringing the total capitalization to ₹13.11 crore. The Board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and noted changes in directorship, including the retirement of Mr. Ambarish Dasgupta and the appointment of Mr. Sanjay Vatsa. The 33rd Annual General Meeting is scheduled for August 28, 2026.
Key Highlights
- Loan to subsidiary converted to preference shares worth ₹11.11 crore.
- Fresh infusion of ₹2 crore into subsidiary via preference shares.
- Total capitalization of subsidiary now stands at ₹13.11 crore.
- Unaudited financial results for Q1 FY27 approved.
- Director changes and AGM date announced.
Price Impact
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