AvenuesAI Board Approves Financial Results, Investment Hike, Merger, Rights Issue Variation, Share Consolidation

AvenuesAI Ltd's Board of Directors met on August 11, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved an increase in investment limit for Ratnaafin Capital Private Limited from ₹66 Crores to ₹70 Crores for acquiring up to 2.50% stake. A significant development was the approval of a Scheme of Amalgamation for Nueromind Technologies Private Limited into AvenuesAI Ltd, subject to regulatory approvals. Additionally, the board approved a variation in the objects of the Rights Issue and a consolidation of equity shares (10:1), pending shareholder and regulatory consent. The 16th Annual General Meeting is scheduled for September 29, 2026.