AvenuesAI Board Approves Share Consolidation & Merger Scheme

AvenuesAI Ltd's Board of Directors, in a meeting held on August 11, 2026, approved several key corporate actions. These include the consolidation of equity shares (10:1), the alteration of the Memorandum of Association's capital clause, and a scheme of amalgamation for its wholly-owned subsidiary, Nueromind Technologies Private Limited, with AvenuesAI. The board also approved an increase in investment limit for Ratnaafin Capital Private Limited to ₹70 Crores and a variation in the objects of a previously announced Rights Issue. Unaudited financial results for Q1 FY27 were also approved. The share consolidation and amalgamation scheme are subject to shareholder and regulatory approvals.