AvenuesAI Ltd shareholders approved the consolidation of equity shares and adopted the audited financial statements for FY26 during the 16th Annual General Meeting held on September 29, 2026.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the transacting of all businesses outlined in the AGM notice. Vishal Mehta, Chairman and Managing Director, chaired the session and provided an overview of the company's financial performance and key business developments. The proceedings were held in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.

Key resolutions passed

Shareholders voted on eight items of business, ranging from financial adoption to structural changes in capital. The following resolutions were duly passed:

Governance and attendance details

Shyamal Trivedi, Senior Vice President and Company Secretary, welcomed members and confirmed that remote e-voting facilities were available from September 25 to September 28, 2026. Members who attended virtually were counted towards the quorum. Girija Krishan Varma and Neharika Vohra, Independent Directors, could not attend due to pre-occupation.

The company confirmed that no qualifications were reported by the Statutory Auditors or Secretarial Auditors in their respective reports for the period under review. The Notice of the AGM and Annual Report were sent electronically to registered email addresses, with web links provided for others.

Voting results and next steps

Voting results, prepared in the format prescribed under Regulation 44 of the Listing Regulations, were submitted separately to stock exchanges. The Scrutinizer’s Report and consolidated voting results are available on the company’s website and the National Securities Depository Limited platform. The meeting commenced at 11:00 am and concluded at 11:18 am.

AvenuesAI has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing, dated September 3, 2026, outlines the company's compliance with SEBI regulations regarding responsible business conduct.

The report covers standalone operations across seven national offices and four international locations. It details workforce demographics, energy consumption patterns, and grievance redressal mechanisms for the period from April 1, 2025 to March 31, 2026.

Workforce and Employee Metrics

As of March 2026, the company employed 624 permanent staff members. The workforce composition includes 474 male employees (76%) and 150 female employees (24%). There were no workers classified under the separate category in the report.

The overall employee turnover rate rose to 31% in FY26, up from 24% in the previous fiscal year. Male turnover increased to 28% from 23%, while female turnover climbed to 37% from 26%.

Environmental Performance

Total energy consumption from non-renewable sources stood at 4,106.23 units in FY26, down from 5,078.10 units in FY25. This reduction drove a significant improvement in energy efficiency.

Energy intensity per rupee of turnover fell to 0.05 GJ/Rs. Million, compared to 0.14 GJ/Rs. Million in FY25. The company reported no water withdrawal or discharge, citing its service-based business model. No greenhouse gas emissions data was provided for Scope 1 or Scope 2 categories.

Governance and Stakeholder Engagement

The company recorded 40 shareholder complaints during FY26, all of which were resolved by year-end. This contrasts with 11 complaints filed in FY25, three of which remained pending at the close of that fiscal year. No complaints were received from communities, investors, employees, or customers.

Related-party transactions showed shifts in concentration. Sales to related parties decreased to 0.23% of total sales from 2.49% in FY25. However, loans and advances given to related parties represented 572.21% of total loans and advances, a sharp increase from 94.37% in the prior year.

What the Numbers Show

The divergence between rising employee turnover and stable headcount suggests active replacement rather than net job losses. While the total workforce shrank from 764 to 624 employees, the 31% turnover rate indicates significant churn within the remaining staff base, particularly among female employees where turnover reached 37%.

Additionally, the surge in related-party loans as a percentage of total advances highlights a concentrated lending pattern within the group structure, despite minimal exposure in sales and purchases.