AvenuesAI Limited (CCAVENUE)

AvenuesAI Limited (formerly Infibeam Avenues Limited) has dispatched forfeiture notices to shareholders holding 69,43,139 partly paid-up equity shares of Re. 1 face value each. This follows non-payment of the First and Final Call money by the final deadline of August 31, 2026, despite four prior reminders. The Rights Issue Committee had formally approved this forfeiture on September 11, 2026, leading to the cancellation of shareholder rights and amounts previously paid on these shares.

• 69,43,139 partly paid-up equity shares forfeited by the company
• Shares have a face value of Re. 1/- each, issued under the Letter of Offer dated June 19, 2025
• Shareholders failed to pay First and Final Call money despite 4 reminders
• Final payment window closed on August 31, 2026; committee approved forfeiture on September 11, 2026

AvenuesAI Limited (formerly Infibeam Avenues Limited) has fixed Tuesday, October 13, 2026, as the record date for consolidating its equity shares. The consolidation will convert every 10 equity shares of face value Re 1 each into 1 equity share of face value Rs 10 each fully paid up. The decision was approved by the Board of Directors via a circular resolution passed on October 01, 2026. This corporate action alters the total share count and face value without impacting the company's underlying market capitalisation of Rs 5,344 crore or business fundamentals.

• Consolidation ratio of 10 equity shares of face value Re 1 into 1 equity share of face value Rs 10
• Record date fixed as Tuesday, October 13, 2026
• Approved via circular resolution passed on October 01, 2026

AvenuesAI Limited (formerly Infibeam Avenues) announced the voting results of its 16th AGM held on September 29, 2026. Shareholders approved all agenda items, including the adoption of FY26 financial statements, remuneration revisions for Managing Directors Vishal Mehta and Vishwas Patel, and the consolidation of the face value of equity shares. Resolution 7 regarding share consolidation passed with 99.93% votes cast in favor. A total of 56.03% of outstanding shares were polled on key general resolutions.

• AGM held on September 29, 2026, with 7,35,495 total shareholders as of the September 22, 2026 cut-off date
• Share consolidation resolution (Resolution 7) approved with 99.9338% votes cast in favor (1,95,56,73,367 votes)
• Alteration to Capital Clause in MOA (Resolution 8) approved with 99.9802% votes cast in favor
• Remuneration revisions for MD Vishal Mehta and MD & CEO Vishwas Patel approved via special resolutions

AvenuesAI Limited (formerly Infibeam Avenues) conducted its 16th Annual General Meeting on September 29, 2026. Shareholders considered eight key resolutions, including adoption of FY26 financial statements, share face value consolidation, and alterations to the Memorandum of Association capital clause. Key special resolutions also addressed changes in the objects of the Rights Issue from the June 19, 2025 Letter of Offer and executive remuneration revisions for Managing Directors Vishal Mehta and Vishwas Patel. Detailed voting results under Regulation 44 will be submitted separately.

• Conducted 16th AGM on September 29, 2026 between 11:00 AM and 11:18 AM
• Remote e-voting was open from September 25, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
• Transacted 8 resolutions covering FY26 accounts, share consolidation, and Rights Issue object variations
• Share consolidation and MoA capital clause alteration were placed for approval

AvenuesAI Limited (formerly Infibeam Avenues) announced the outcome of its Rights Issue Committee meeting held on September 11, 2026. The committee approved the conversion of 10,68,411 partly paid-up equity shares into fully paid-up shares following the receipt of the First and Final Call money of Rs 5 per share. Concurrently, 69,43,139 partly paid shares were forfeited due to non-payment of call dues by the August 31, 2026 deadline. Out of the total 69.99 crore partly paid shares issued, 69.30 crore (99.01%) have now been successfully converted into fully paid shares.

• Approved conversion of 10,68,411 partly paid shares into fully paid-up equity shares at Rs 5 per share
• Forfeited 69,43,139 partly paid equity shares due to non-payment of call money as of August 31, 2026
• Cumulative 69,30,42,584 shares successfully converted out of 69,99,85,723 total rights issue shares (~99.01% success)
• Call money consisted of Rs 0.50 towards face value and Rs 4.50 towards securities premium per share

AvenuesAI Limited (formerly Infibeam Avenues Limited) has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. The company reported a merchant network exceeding 10 million as of March 2026 across 28 states and 8 Union Territories in India and 4 international markets. Digital payments and checkout web services accounted for 100% of standalone business turnover, with exports representing 1.54%. The company reported zero data breaches and handled 1,885 Online Dispute Resolution (ODR) complaints during FY26 compared to 2,543 in FY25.

• Active merchant base exceeded 10 million as of March 2026, primarily comprising MSMEs
• Digital payments and checkout web services contributed 100% of the entity's standalone turnover
• Total permanent workforce stood at 624 employees (24% female) with an annual turnover rate of 31%
• Reported zero data breaches and zero customer complaints on data privacy or cyber-security
• Handled 1,885 Online Dispute Resolution (ODR) complaints in FY26, down from 2,543 in FY25

AvenuesAI Limited (formerly Infibeam Avenues) has scheduled its 16th Annual General Meeting (AGM) for September 29, 2026, via video conferencing, with remote e-voting active from September 25 to September 28, 2026. The accompanying FY26 Annual Report recaps annual performance, including Payments TPV growth of 55% to ₹5,038 billion and consolidated gross revenue reaching ₹81,158 million. The report also highlights the completed strategic transfer of its E-commerce Platform business to Rediff.com for ₹800.39 crore, increasing its stake to ~82.7%.

• 16th AGM convened for September 29, 2026, with e-voting cut-off on September 22, 2026
• FY26 Payments Transaction Processing Value (TPV) reached ₹5,038 billion (+55% YoY)
• FY26 Consolidated Gross Revenue grew 103% to ₹81,158 million; Net Revenue grew 15% to ₹6,031 million
• Completed transfer of E-commerce Platform Infrastructure to Rediff.com valued at ₹800.39 crore

AvenuesAI Limited (formerly Infibeam Avenues) has published the audio recording of its investor conference call held on August 11, 2026. The call discussed the financial results for the quarter ended June 30, 2026, which were approved by the board on the same day. With a TTM revenue of Rs 8,116 Cr and a current market cap of Rs 5,632 Cr, the company maintains a thin operating margin of 4.3%. This filing is a standard regulatory requirement under SEBI LODR regulations to ensure transparency.

• Audio recording link provided for the Q1 FY27 earnings call held on August 11, 2026
• TTM revenue for the company stands at Rs 8,116 Cr
• Operating profit margin (OPM) is currently 4.3% as per TTM data
• Market capitalization is approximately Rs 5,632 Cr at a current price of Rs 16.4

AvenuesAI Limited (formerly Infibeam Avenues) has issued a last and final reminder for the payment of ₹5 per share call money on rights shares allotted in July 2025. The payment period is scheduled from August 17, 2026, to August 31, 2026. Shareholders who fail to pay the outstanding amount (₹0.50 face value and ₹4.50 premium) will face forfeiture of their partly paid-up shares and any previously paid amounts. This follows three prior reminders issued between November 2025 and February 2026.

• Final call money of ₹5 per share is due, comprising ₹0.50 face value and ₹4.50 securities premium
• Payment window is open for 15 days from August 17, 2026, to August 31, 2026
• Shares were originally allotted on July 15, 2025, pursuant to a Rights Issue dated June 19, 2025
• This is the fourth and final notice following previous reminders in Nov 2025, Jan 2026, and Feb 2026
• Failure to pay by the deadline will result in the absolute forfeiture of the shares and all money already paid on them

AvenuesAI Limited (formerly Infibeam Avenues) has confirmed that there was no deviation or variation in the utilization of ₹69,998.57 Lakhs raised through its July 2025 Rights Issue. For the quarter ended June 30, 2026, the company reported that all funds were deployed according to the objects stated in the Letter of Offer. The monitoring agency, CARE Ratings Limited, and the company's Audit Committee have reviewed and approved this status, ensuring transparency in capital deployment.

• Total funds raised through the Rights Issue amounted to ₹69,998.57 Lakhs
• Zero deviation reported in the utilization of proceeds for the quarter ended June 30, 2026
• ₹34,598.71 Lakhs was received specifically through the first and final call process
• Monitoring agency CARE Ratings Limited oversaw the fund utilization process

AvenuesAI (formerly Infibeam Avenues) has approved a 10:1 stock consolidation, converting 10 shares of Re 1 face value into 1 share of Rs 10 face value. The company is also merging its wholly-owned subsidiary, Nueromind Technologies, into the parent entity to directly manage AI software development. Consequently, Rs 284.55 crore of unutilized rights issue proceeds will now be deployed directly by AvenuesAI instead of through the subsidiary. Additionally, the board increased the investment limit for a <2.5% stake in Ratnaafin Capital to Rs 70 crore.

• Consolidation of 10 equity shares of Re 1 each into 1 equity share of Rs 10 each
• Merger of wholly-owned subsidiary Nueromind Technologies into AvenuesAI to streamline AI development
• Redirection of Rs 284.55 crore in unutilized rights issue proceeds for direct AI software activities
• Increase in investment limit for Ratnaafin Capital from Rs 66 crore to Rs 70 crore for a 2.50% stake
• Consolidation process expected to be completed within 3 months from the AGM scheduled for Sept 29, 2026

AvenuesAI (formerly Infibeam Avenues) has approved a 10:1 stock consolidation, merging 10 shares of Re 1 face value into 1 share of Rs 10. The company is also merging its wholly-owned AI subsidiary, Nueromind Technologies, into itself, which necessitates a variation in the use of Rs 284.56 crore in unutilized Rights Issue proceeds to be spent directly by the parent. Additionally, the board increased the investment limit in Ratnaafin Capital to Rs 70 crore for a 2.5% stake. These moves aim to streamline the capital structure and integrate AI development directly into the core entity.

• Consolidation of 10 equity shares of Re 1 each into 1 equity share of Rs 10 each.
• Amalgamation of wholly-owned subsidiary Nueromind Technologies Private Limited into AvenuesAI Limited.
• Variation in Rights Issue objects for Rs 284.56 crore of unutilized funds to be used directly for AI software development.
• Increased investment limit in Ratnaafin Capital Private Limited from Rs 66 crore to Rs 70 crore for a 2.5% stake.
• Stock consolidation process expected to be completed within 3 months from the AGM scheduled for September 29, 2026.

AvenuesAI (formerly Infibeam Avenues) announced a 10:1 stock consolidation, converting shares of Re 1 face value to Rs 10. The board approved an internal merger of its wholly-owned AI subsidiary, Nueromind Technologies, into the parent company to streamline operations. Consequently, Rs 284.56 Cr in unutilized Rights Issue proceeds will now be deployed directly by the parent for AI development. Additionally, the investment limit for a <2.5% stake in Ratnaafin Capital was raised to Rs 70 Cr.

• Approved consolidation of 10 equity shares of Re 1 each into 1 equity share of Rs 10 each.
• Increased investment limit in Ratnaafin Capital Private Limited to Rs 70 Cr from the earlier Rs 66 Cr.
• Redirected Rs 284.56 Cr of unutilized Rights Issue proceeds for direct AI software development by the parent company.
• Approved the amalgamation of wholly-owned subsidiary Nueromind Technologies Private Limited into AvenuesAI.
• The Ratnaafin transaction involves acquiring a stake not exceeding 2.50% of post-issue capital by March 31, 2027.