AvenuesAI Forfeits 69.4 Lakh Partly Paid Shares

AvenuesAI Ltd has announced the forfeiture of 69,43,139 Partly Paid-up Equity Shares, each with a face value of Re. 1/-, due to non-payment of the First and Final Call money. This action follows multiple reminders and opportunities provided to eligible shareholders to clear their dues by August 31, 2026. The forfeiture was approved by the Rights Issue Committee of the Board of Directors on September 11, 2026, in accordance with the Companies Act, 2013, and the company's Articles of Association. This forfeiture results in the extinction of all rights and claims associated with these shares.