AvenuesAI Limited has informed the Exchange regarding Outcome of Rights Issue Committee Meeting held on February 19, 2026 for 2nd Reminder Cum Forfeiture Notice to the holders of Partly Paid-Up Equity Shares.
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AvenuesAI Limited's Rights Issue Committee met on February 19, 2026, and approved sending a second reminder cum forfeiture notice to shareholders holding partly paid-up equity shares from the rights issue. Shareholders who have not paid the balance amount due on these shares are being warned that their shares may be forfeited if payment is not made. This is a follow-up action after an initial reminder was presumably issued earlier. The forfeiture process means non-paying shareholders could permanently lose their shares.
Existing shareholders who haven't paid up on their rights entitlement risk losing their shares entirely. For the stock, this could lead to a reduction in share count outstanding if forfeitures occur, potentially tightening the float, but also signals weak shareholder participation in the rights issue.