Jayshreeben Ajitbhai Mehta reported an inter-se transfer of 3,01,14,750 Equity Shares of AvenuesAI Limited on March 18, 2026. This transfer, which involved Promoter Group members, resulted in a combined disposal of 1.72% of the total share capital. Despite the transaction, the aggregate shareholding of the Promoter and Promoter Group within AvenuesAI Limited remains unchanged at 27.29% of total voting capital.
Promoter Group Share Transaction Disclosure
This formal disclosure relates to a significant share transaction executed within the promoter group of the target company, AvenuesAI Limited. The transaction was an off-market, inter-se transfer completed on March 18, 2026. The selling entity was Ms. Jayshreeben Ajitbhai Mehta, alongside Mr. Ajit Champaklal Mehta, both identified as Promoters.
Details of the Inter-Se Transfer
The transfer involved a total of 6,02,29,500 Equity Shares (representing 1.72% of total share capital) from the sellers to the acquirer, Infinium Motors Private Limited, which is also part of the Promoter Group.
Seller Holdings Before and After Transfer (Total for Jayshreeben & Ajit Mehta)
- Before Transfer: Holding stood at 30,13,73,378 Shares, representing 8.62% of total capital.
- After Transfer: Holding reduced to 24,11,43,878 Shares, representing 6.90% of total capital.
Acquirer Holdings Before and After Transfer (Infinium Motors Private Limited)
- Before Transfer: Holding stood at 26,66,08,932 Shares, representing 7.63% of total capital.
- After Transfer: Holding increased to 32,68,38,432 Shares, representing 9.35% of total capital.
Aggregate Promoter Group Position Unaffected
The filing explicitly notes that as the transfer was an inter-se transfer between parties already classified as belonging to the Promoter and Promoter Group of AvenuesAI Limited, there is no change in the aggregate shareholding of this group in the target company. The total shareholding of the Promoter Group (comprising the sellers, the acquirer, and specified Persons Acting in Concert) remained constant at 95,40,10,982 Shares, equating to 27.29% of the total voting capital both before and after the transaction.
The total diluted share capital of the Target Company post-acquisition stands at 3,53,95,68,664 Equity Shares.
Source: BSE
