AvenuesAI Limited approved the conversion of 79,41,270 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares following the receipt of the First and Final Call Money. This action was taken by the Rights Issue Committee on February 10, 2026. The reconciliation statement details the total shares approved, allotted, and the final conversion achieved through payments made in December 2025 and February 2026.
Update on Rights Issue Share Conversion
AvenuesAI Limited (formerly Infibeam Avenues Limited) has announced the outcome of its Rights Issue Committee meeting held on February 10, 2026. This communication serves as a follow-up to earlier notices regarding shareholders who had not paid the First and Final Call Money, which was due between January 19, 2026, and January 29, 2026.
The committee officially approved the conversion of 79,41,270 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares upon successful receipt of the outstanding First and Final Call Money.
Reconciliation of Share Conversion
The details provided in the reconciliation statement highlight the movement of shares:
- Total Partly Paid-Up Equity Shares for which in principle approval was obtained from the Stock Exchanges: 69,99,85,723
- Total Partly Paid-Up Equity Shares allotted: 69,99,85,723
- Shares converted following payment on December 16, 2025: 68,21,82,616
- Shares converted following payment on February 10, 2026: 79,41,270
The company confirmed that this information is also accessible on its official website.
Source: BSE
