AvenuesAI Limited Converts 18.50 Lakh Partly Paid Shares to Fully Paid Status
AvenuesAI Limited successfully converted 18,50,287 partly paid-up equity shares to fully paid-up status following Rights Issue Committee approval on March 13, 2026. The conversion occurred after shareholders paid the First and Final Call Money of Rs. 5.00 per share during the designated payment period from February 25 to March 07, 2026.
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AvenuesAI Limited has successfully converted an additional 18,50,287 partly paid-up equity shares to fully paid-up status following the completion of its call money collection process. The company's Rights Issue Committee approved this conversion on March 13, 2026, after receiving the outstanding call money payments from eligible shareholders.
Rights Issue Committee Decision
The Rights Issue Committee meeting held on March 13, 2026, formally approved the conversion of the partly paid-up equity shares into fully paid-up equity shares. This decision came after the company received the First and Final Call Money of Rs. 5.00 per partly paid-up equity share from the respective shareholders.
Call Money Collection Process
Prior to this conversion, AvenuesAI had issued second reminder-cum-forfeiture notices on February 19, 2026, to shareholders who had not paid the First and Final Call Money. The company provided a payment window from Wednesday, February 25, 2026, to Saturday, March 07, 2026, for eligible shareholders to remit the outstanding amount.
Share Conversion Summary
The company provided a detailed reconciliation statement showing the complete status of its partly paid-up equity shares:
| Parameter: | Number of Shares |
|---|---|
| Partly Paid-up Equity Shares (Exchange Approval): | 69,99,85,723 |
| Partly Paid-up Equity Shares Allotted: | 69,99,85,723 |
| Total Shares Converted to Fully Paid Status: | 69,01,23,886 |
| Shares Converted on March 13, 2026: | 18,50,287 |
Corporate Background
AvenuesAI Limited, formerly known as Infibeam Avenues Limited, has its registered office at the 28th Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Gandhinagar, Gujarat. The company operates under CIN L64203GJ2010PLC061366 and maintains its corporate website at www.avenuesai.com .
Regulatory Compliance
This announcement was made under Regulation 30 of the securities regulations, ensuring proper disclosure to both BSE Limited and National Stock Exchange of India Limited. The company trades under the symbols CCAVENUE and CCAVENUEPP on the respective exchanges, with company codes 539807 and 890219 on BSE. The announcement was signed by Shyamal Trivedi, Sr. Vice President & Company Secretary, and is available on the company's official website.
Historical Stock Returns for AvenuesAI
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | -3.01% | -22.57% | -12.88% | -12.02% | -32.19% |
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