Outcome of Board Meeting for Audited (Standalone And Consolidated) Financial Results for the quarter and year ended on March 31, 2026 and Acquisitions.
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AvenuesAI Ltd (formerly Infibeam Avenues Limited) reported strong FY2026 results with standalone revenue of Rs 7,585 crore, more than doubling from Rs 3,546 crore last year. Consolidated revenue reached Rs 8,116 crore with profit after tax of Rs 295 crore. The Board approved three acquisitions: 7% stake in Online PSB Loans Limited, up to 2.5% stake in Ratnaafin Capital Private Limited, and the remaining 9.9% stake in Nueromind Technologies Private Limited to make it a wholly-owned subsidiary. The company also completed a Rs 7,000 crore rights issue and transferred its Platform Business to Rediff.com India Limited as discontinued operations. Rediff.com India Limited has filed a Draft Red Herring Prospectus for its IPO.
The company showed strong revenue growth with acquisitions indicating expansion in fintech/lending space. Making Nueromind a wholly-owned subsidiary will consolidate AI/software capabilities. Positive sentiment expected for shareholders given the growth trajectory.