AvenuesAI Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 13, 2026 for conversion of 18,50,287 Partly Paid-up Equity Shares of the Company into Fully Paid-up Equity Shares upon receipt of the Final Call Money.
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AvenuesAI Limited (formerly Infibeam Avenues Limited) has converted 18,50,287 partly paid-up equity shares into fully paid-up equity shares after receiving the First and Final Call Money of Rs. 5 per share from shareholders who responded to the 2nd Reminder-cum-Forfeiture Notice. Out of the total 69,99,85,723 partly paid-up shares originally allotted under the rights issue, 69,01,23,886 shares had already been converted earlier, and this latest tranche completes the conversion of a substantial additional lot. The remaining unpaid shares would stand forfeited as per the earlier forfeiture notices. The total capital of the company will now reflect these additional fully paid-up shares.
This is a routine procedural step in completing the company's rights issue process. Shareholders who paid the call money now hold fully paid-up shares, while those who did not pay face forfeiture. There is no material impact on stock price, but it increases the company's paid-up capital by approximately Rs. 92.5 lakh (18,50,287 shares × Rs. 5).