Monitoring Agency Report for the quarter ended December 31, 2025
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Awaiting price reaction for this filing.
AvenuesAI Limited filed the Monitoring Agency Report from CARE Ratings Limited for its Rs. 699.99 crore Rights Issue, covering Q3 FY26 (quarter ended December 31, 2025). Out of the total issue size, the company has received Rs. 691.08 crore (Rs. 8.90 crore is yet to be received from non-paying allottees of partly paid-up shares) and has utilized Rs. 315.47 crore so far. Key deployments include Rs. 69.84 crore (fully utilized) for loan repayment at Infibeam Projects Management, Rs. 9.43 crore during the quarter in subsidiary Nueromind Technologies for AI development, Rs. 70.30 crore in Rediff.com for digital/payment expansion, and Rs. 84.40 crore towards general corporate purposes (working capital/overdraft repayment). There is no deviation from the stated objects of the issue, and the remaining Rs. 375.61 crore is parked in fixed deposits with Axis Bank, Yes Bank, and IndusInd Bank, earning 5.50%-7.00% interest.
This is a routine compliance filing with no negative findings, confirming the company is using Rights Issue funds as promised. Shareholders can take comfort that there is no deviation, though Rs. 8.90 crore remains uncollected from defaulting allottees, and some unutilized funds are sitting in subsidiary accounts in a manner not specifically contemplated in the placement document. Near-term stock impact is likely neutral as the report is procedural.