AvenuesAI Limited has announced key strategic decisions from its board meeting on August 11, 2026. The company approved an increased investment limit in Ratnaafin Capital Private Limited to ₹70 crore, the merger of its wholly-owned subsidiary Nueromind Technologies Private Limited, and the consolidation of equity shares. These moves aim to streamline operations, enhance strategic focus, and prepare for future growth.
AvenuesAI Board Approves Key Strategic Initiatives
On August 11, 2026, AvenuesAI Limited’s Board of Directors convened to discuss and approve several pivotal strategic decisions aimed at bolstering the company’s growth trajectory and operational efficiency. The board greenlit an increase in the investment limit for Ratnaafin Capital Private Limited, a merger with its subsidiary, and a significant change in its capital structure.
RatnaFin Capital Investment Boost
The board has re-considered and approved an increase in the investment limit in Ratnaafin Capital Private Limited. The new limit will be up to ₹70 crore, an increase from the previously approved ₹66.00 Crores. This investment is intended for acquiring not exceeding 2.50% of the post-issue capital. The transaction is expected to be completed on or before March 31, 2027, and does not fall within related party transactions.
Merger of Nueromind Technologies
In a significant move towards structural simplification, the board has approved the draft Scheme of Amalgamation for the merger of Nueromind Technologies Private Limited, a wholly-owned subsidiary, with and into AvenuesAI Limited. This proposed transaction is subject to requisite approvals from the Hon’ble National Company Law Tribunal (NCLT) and other statutory authorities. The merger is expected to simplify the group holding structure and consolidate complementary businesses.
Share Capital Consolidation Approved
To rationalize and simplify its capital structure as it enters a new growth phase, the board has approved the consolidation of equity shares. The existing 10 Equity Shares of Re. 1/- each will be consolidated into 1 Equity Share of Rs. 10/- each, fully paid-up. This change, subject to shareholder and regulatory approvals, aims to align the face value with long-term corporate objectives and streamline future corporate actions. The completion is expected within 3 months from the conclusion of the AGM.
Financial Results for Q1 FY27
The board also considered and approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026. The results indicated strong year-on-year growth, with Revenue from Operations increasing by 109% to INR 26,804.0 million and Profit After Tax (PAT) growing by 45% to INR 847.6 million. These results reflect the company’s strategic investments and growing profitability.
Variation in Rights Issue Objects
A variation in the objects of the Rights Issue was approved, allowing the company to directly undertake advanced technology development and AI Software related activities. Previously, this was planned via investment in its subsidiary, Nueromind Technologies Private Limited. The proceeds will continue to be utilized exclusively for technology development and AI software-related activities, with Rs. 28,455.59 Lakhs remaining to be utilized.
Annual General Meeting Scheduled
The 16th Annual General Meeting (AGM) of the Company is scheduled to be convened on Tuesday, September 29, 2026, at 11:00 a.m. IST, to be held through Video Conferencing/Other Audio Visual Means.
Source: BSE
