AvenuesAI Limited has announced its unaudited financial results for the first quarter ended June 30, 2026, reporting a strong year-on-year growth in revenue and profitability. The Board of Directors also approved the merger of its wholly owned subsidiary, Nueromind Technologies Private Limited, and a proposal to consolidate equity shares. Additionally, the company updated its investment limit in Ratnaafin Capital Private Limited.
Strong Q1 FY27 Performance
AvenuesAI Limited reported robust financial results for the first quarter of FY27, ending June 30, 2026. Revenue from operations increased by 109% YoY to INR 26,804.0 million, while EBITDA excluding other income grew by 41% to INR 1,000.2 million. Profit After Tax (PAT) saw a significant jump of 45% YoY, reaching INR 847.6 million, reflecting successful investments in new growth businesses and technology.
Strategic Approvals and Updates
Merger of Nueromind Technologies
The Board of Directors has approved the proposed merger of its wholly owned subsidiary, Nueromind Technologies Private Limited, with AvenuesAI Limited. This integration aims to accelerate the deployment and commercialization of AI capabilities, enhancing AvenuesAI’s core businesses. The merger is subject to shareholder and regulatory approvals.
Consolidation of Equity Shares
A proposal to consolidate the Company’s equity shares, increasing the face value from INR 1 to INR 10 per share, has been approved by the Board. This move is intended to streamline the capital structure, align with long-term corporate objectives, and provide greater flexibility for future actions. Shareholder and regulatory approvals are required for this change.
Investment Limit Increase
The company has re-considered and approved an increase in the investment limit in Ratnaafin Capital Private Limited from not exceeding INR 66.00 Crores to not exceeding INR 70.00 Crores. This transaction is not considered a related party transaction and is expected to be completed by March 31, 2027.
Scheme of Amalgamation
A draft Scheme of Amalgamation for the merger of Nueromind Technologies Private Limited (Transferor Company) with AvenuesAI Limited (Transferee Company) has been approved. This scheme is subject to requisite approvals from the National Company Law Tribunal (NCLT) and other applicable authorities, shareholders, and creditors.
Variation in Rights Issue Objects
The Board approved a variation in the objects of the Rights Issue. The company will now directly undertake advanced technology development and AI Software related activities, instead of making investments through its subsidiary, Nueromind Technologies Private Limited. The allocated funds of INR 29,399.59 Lakhs will continue to be utilized for these purposes.
16th Annual General Meeting
The 16th Annual General Meeting (AGM) of the Company is scheduled to be held on Tuesday, September 29, 2026, at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means.
Source: BSE
