Mr. Ajit Champaklal Mehta, along with Ms. Jayshreeben Ajitbhai Mehta (both Promoters), disclosed an inter-se transfer of equity shares in AvenuesAI Limited on March 18, 2026. A total of 6,02,29,500 equity shares, representing 1.72% of the total capital, were transferred. The transaction was executed as an off-market transfer between the sellers and the acquirer, Infinium Motors Private Limited (part of the Promoter Group), resulting in no change to the overall promoter stake.
Promoter Group Inter-Se Share Transfer Disclosure
This disclosure, dated March 20, 2026, pertains to a significant internal transaction involving the promoter entities of AvenuesAI Limited. The transfer involved the sale of 6,02,29,500 Equity Shares carrying voting rights, constituting 1.72% of the total share capital.
Transaction Details
The transaction was executed via an Off-Market (Inter-se transfer) mode on March 18, 2026. The parties involved in the transfer are:
- Sellers: Mr. Ajit Champaklal Mehta and Ms. Jayshreeben Ajitbhai Mehta (Both Promoters).
- Acquirer: Infinium Motors Private Limited (Part of the Promoter Group).
Shareholding Pre and Post-Transfer
Prior to the transfer, the total combined holding of the sellers (Mr. Ajit Champaklal Mehta and Ms. Jayshreeben Ajitbhai Mehta) stood at 30,13,73,378 shares, representing 8.62% of the total voting capital.
Following the disposal of 6,02,29,500 shares, their resulting holding is 24,11,43,878 shares, accounting for 6.90% of the total capital.
Conversely, the acquirer, Infinium Motors Private Limited, increased its holding through the acquisition. Its shareholding moved from 26,66,08,932 shares (7.63%) to 32,68,38,432 shares (9.35%) post-acquisition.
Overall Promoter Holding Unchanged
The filing explicitly notes that since both the sellers and the acquirer belong to the promoter and promoter group of AvenuesAI Limited, there is no change in the aggregate shareholding of the Promoter and Promoter Group in the target company following this inter-se transfer.
The total diluted share/voting capital of the Target Company remains stable, recorded at 3,53,95,68,664 Equity Shares before and after the transaction.
Source: BSE
