Rights Issue29 May 2026, 09:39 pm
AvenuesAI: No Deviation in Rights Issue Funds (FY26)
AI Summary
AvenuesAI Ltd (formerly Infibeam Avenues Limited) reports no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended March 31, 2026. The funds, raised on July 15, 2025, were intended for specific objects outlined in the Letter of Offer dated June 19, 2025. The Audit Committee reviewed and the Board of Directors approved the statement on May 29, 2026. The Rights Issue raised ₹69,998.57 Lakhs.
Key Highlights
- AvenuesAI confirms no deviation in use of Rights Issue proceeds for Q4 FY26.
- Rights Issue raised ₹69,998.57 Lakhs on July 15, 2025.
- Audit Committee reviewed and Board approved the statement on May 29, 2026.
- Funds allocated for subsidiary investments and general corporate purposes.
Price Impact
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