Infibeam Avenues Ltd

AvenuesAI Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, ending March 31, 2026. The report, filed as per SEBI regulations, details the company's operations, products, employee data, and market reach. AvenuesAI operates in digital payments and checkout web services, contributing 100% to its turnover. The company serves a diverse customer base across India and internationally, with a merchant base exceeding 10 million. The BRSR is prepared on a standalone basis. The report also outlines operational details, including 7 national and 4 international office locations, and serves 28 Indian states and 8 Union Territories, along with 4 countries internationally. Exports constitute 1.54% of the standalone turnover. The company had 624 permanent employees as of the financial year-end.

AvenuesAI Ltd has announced its 16th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, at 11:00 a.m. IST, to be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The company has also released its Annual Report for the Financial Year 2025-26, which includes the notice for the AGM. The report is available on the company's website and has been sent to members electronically. Shareholders can exercise their voting rights through remote e-voting, which will be open from September 25, 2026, 9:00 a.m. to September 28, 2026, 5:00 p.m. The cut-off date for e-voting is September 22, 2026. The Annual Report contains forward-looking statements regarding the company's strategy, business, and financial performance, along with detailed financial statements and corporate governance information.

AvenuesAI Ltd has announced its 16th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 11:00 a.m. IST via Video Conferencing. The company will also share its Annual Report for the Financial Year 2025-26 with members. The report, containing the AGM notice, is being sent electronically to registered members and is also available on the company's website. AvenuesAI is providing a remote e-voting facility for shareholders, with the cut-off date for e-voting being September 22, 2026, and the e-voting period running from September 25 to September 28, 2026.

AvenuesAI Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report confirms that there has been no variation or deviation in the utilization of funds raised through its Rights Issue, which aggregated to ₹699.99 crore. The company has also made these details available on its website. The report adheres to SEBI regulations and the Monitoring Agency Agreement, providing an objective view of fund utilization based on provided information.

AvenuesAI Ltd has issued a last and final reminder notice to holders of partly paid-up equity shares regarding the outstanding First and Final Call Money of ₹5 per share. This call money, comprising ₹0.50 towards face value and ₹4.50 towards securities premium, was due on shares allotted on July 15, 2025, via a rights issue. The company has previously issued multiple reminders. The Board of Directors, in a meeting on August 11, 2026, approved this final notice. Shareholders are urged to pay the outstanding amount by August 31, 2026, through NEFT/RTGS, Net Banking, or Demand Draft. Failure to comply will result in the forfeiture of the unpaid partly paid shares, as per the Companies Act, 2013, and the company's Articles of Association.

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.

AvenuesAI Ltd's Board of Directors, in a meeting held on August 11, 2026, approved several key corporate actions. These include the consolidation of equity shares (10:1), the alteration of the Memorandum of Association's capital clause, and a scheme of amalgamation for its wholly-owned subsidiary, Nueromind Technologies Private Limited, with AvenuesAI. The board also approved an increase in investment limit for Ratnaafin Capital Private Limited to ₹70 Crores and a variation in the objects of a previously announced Rights Issue. Unaudited financial results for Q1 FY27 were also approved. The share consolidation and amalgamation scheme are subject to shareholder and regulatory approvals.

AvenuesAI Ltd's Board of Directors approved a variation in the objects of its Rights Issue, subject to shareholder and regulatory approvals. The company also approved a scheme of amalgamation for its wholly-owned subsidiary, Nueromind Technologies Private Limited, to merge with AvenuesAI. Additionally, the board approved an increase in investment limit for acquiring a stake in Ratnaafin Capital Private Limited and a consolidation of equity shares, pending shareholder consent. Unaudited financial results for Q1 FY27 were also considered.

AvenuesAI Ltd announced board approval to increase its investment limit in Ratnaafin Capital Private Limited from ₹66 Crores to ₹70 Crores for acquiring up to 2.50% stake. The company also approved a Scheme of Amalgamation for its wholly-owned subsidiary Nueromind Technologies Private Limited with AvenuesAI, subject to NCLT and other regulatory approvals. Additionally, the board approved variations in the objects of a Rights Issue and a consolidation of equity shares (10:1), pending shareholder and regulatory approvals. The board also approved the convening of the 16th Annual General Meeting on September 29, 2026.

AvenuesAI Ltd's Board of Directors met on August 11, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved an increase in investment limit for Ratnaafin Capital Private Limited from ₹66 Crores to ₹70 Crores for acquiring up to 2.50% stake. A significant development was the approval of a Scheme of Amalgamation for Nueromind Technologies Private Limited into AvenuesAI Ltd, subject to regulatory approvals. Additionally, the board approved a variation in the objects of the Rights Issue and a consolidation of equity shares (10:1), pending shareholder and regulatory consent. The 16th Annual General Meeting is scheduled for September 29, 2026.