AvenuesAI: No Deviation in Rights Issue Fund Utilisation for Q2 FY27
AvenuesAI Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2026. The company raised ₹69,998.57 Lakhs (₹699.99 Crore) via Rights Issue on July 15, 2025. The utilization of these funds aligns with the objects stated in the Letter of Offer dated June 19, 2025. The statement was reviewed by the Audit Committee and approved by the Board of Directors. A minor adjustment of ₹347.16 Lakhs (₹3.47 Crore) was made to General Corporate Purposes due to forfeited partly paid-up shares.
Key Highlights
- No deviation reported in Rights Issue fund utilization for Q2 FY27.
- Funds raised via Rights Issue on July 15, 2025, amount to ₹69,998.57 Lakhs.
- Utilization aligns with the original objects stated in the Letter of Offer.
- Audit Committee and Board of Directors approved the statement.
- Minor adjustment for forfeited shares impacting General Corporate Purposes.
Price Impact
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