AvenuesAI Rights Issue: No Deviation in Fund Utilization for Q2 FY27
AvenuesAI Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. CARE Ratings Limited, acting as the Monitoring Agency for the company's Rights Issue of ₹699.99 crore, has confirmed that there was no variation or deviation in the utilization of the rights issue proceeds during the specified quarter. The report, issued in accordance with SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, and the Monitoring Agency Agreement dated June 06, 2025, indicates that the funds raised were utilized as per the objects of the issue. The company has also made these details available on its website.
Key Highlights
- No deviation reported in rights issue fund utilization for Q2 FY27.
- CARE Ratings Limited acts as the Monitoring Agency.
- Rights Issue size was ₹699.99 crore.
- Report submitted as per SEBI LODR and ICDR Regulations.
Price Impact
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