AvenuesAI Reports No Deviation in Rights Issue Fund Utilization

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 June 30, 2026. The funds were raised on July 15, 2025, amounting to ₹69,998.57 Lakhs. The utilization 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 on August 11, 2026. Key investments include funds for subsidiaries Infibeam Projects Management, Nueromind Technologies, and Rediff.com India, as well as general corporate purposes.