AvenuesAI Limited has issued a Last & Final Reminder cum Forfeiture Notice to holders of Partly Paid-up Equity Shares who have not yet paid the outstanding First and Final Call Money. The amount due is ₹5 per share. Shareholders are reminded that failure to pay by August 31, 2026, will result in the forfeiture of their shares, including any amounts already paid.
Final Call for Payment on Partly Paid-up Shares
AvenuesAI Limited, formerly known as Infibeam Avenues Limited, has issued a Last & Final Reminder cum Forfeiture Notice to shareholders holding Partly Paid-up Equity Shares. This notice pertains to the outstanding First and Final Call Money amounting to ₹5 per share (₹0.50 towards Face Value and ₹4.50 towards Securities Premium). The call was initially made on July 15, 2025.
Urgent Payment Deadline and Forfeiture Warning
Shareholders who have not yet remitted the First and Final Call Money are strongly urged to do so immediately. The payment period for this final reminder is from August 17, 2026, to August 31, 2026. AvenuesAI Limited has emphasized that failure to make the payment by the deadline of Monday, August 31, 2026, will lead to the forfeiture of the outstanding Partly Paid-up Equity Shares, including any amounts previously paid towards them. This action will be taken in accordance with the Companies Act, 2013, the company’s Articles of Association, and the terms of the Letter of Offer.
Payment Instructions and Options
Shareholders can make the payment via NEFT/RTGS, Net Banking, or Demand Draft. For Demand Drafts, they should be drawn in favour of ‘AVENUESAI LIMITED – RIGHTS ISSUE CALL MONEY ACCOUNT’ and payable at Gift City. The Demand Draft, along with a duly filled Payment Slip (as provided in Annexure II), must be sent to Alankit Assignments Limited, the company’s Registrar to an Issue and Share Transfer Agent, by the due date. Detailed instructions and a payment link are available on the company’s website (www.avenuesai.com) and the RTA’s website (https://rights.alankit.com/).
Important Note for Shareholders
The company also advises shareholders to ensure their Demat Account is active and compliant, with their Email ID and Mobile/Contact Number correctly registered and updated to facilitate seamless credit of shares and timely communication.
Source: BSE
