AvenuesAI Limited announced the transmission of shares from the deceased promoter member, Late Mr. Subhashchandra R. Amin, to his legal heir, Mr. Vishal Subhashchandra Amin, effective March 09, 2026. A total of 9,44,694 shares were transferred. Consequently, the late Mr. Amin will cease to be classified as part of the Promoter Group from this date forward, impacting the upcoming shareholding pattern for the quarter ending March 31, 2026.
Intimation of Share Transmission
AvenuesAI Limited (formerly Infibeam Avenues Limited) has formally notified the stock exchanges regarding an internal transmission of shares within the Promoter Group following the demise of a member. The intimation confirms that the company received the necessary notification on March 09, 2026.
Details of Share Transfer
The transmission involves shares previously held by Late Mr. Subhashchandra R. Amin, a member of the Promoter Group. These holdings have been transferred to his designated legal heir, Mr. Vishal Subhashchandra Amin, who is confirmed to remain a Member of the Promoter Group.
The exact number of shares transferred in this process is 9,44,694 shares.
Impact on Promoter Status
As a direct result of this transmission and in accordance with applicable listing guidelines, Late Mr. Subhashchandra R. Amin will officially cease to be part of the Promoter Group effective from the date of the transmission, March 09, 2026.
This change will be duly reflected in the updated and accurate promoter and promoter group shareholding pattern disclosed for the quarter ending March 31, 2026.
Company Details for Reference
The company specified its codes for regulatory reference: Company Code No.: 539807 for the BSE and Company Symbol: CCAVENUE for the NSE.
Source: BSE
