Innovative Money Matters Private Limited, a promoter of Avonmore Capital & Management Services , acquired an additional 0.01% stake in the company through open market purchases on September 7, 2026. The transaction involved the purchase of 39,340 equity shares.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Innovative Money Matters filed the disclosure with the Bombay Stock Exchange and the National Stock Exchange on September 8, 2026.

Holding Details

Prior to this transaction, Innovative Money Matters held 94,818,782 shares, representing 33.60% of the total voting capital. Following the acquisition, its holding increased to 94,858,122 shares, or 33.61% of the diluted share capital.

The total equity share capital of Avonmore Capital remained unchanged at 282,184,741 shares with a face value of ₹1 each. There were no changes in voting rights other than those carried by shares, nor were any warrants or convertible securities involved in the transaction.

Avonmore Capital & Management Services Ltd has released its 34th annual report for the fiscal year ending March 31, 2026. The filing emphasizes the company's continued focus on working towards sustainable growth.

Board Composition

The report outlines the leadership structure governing the company's operations and strategic direction during FY26. The board comprises a mix of executive and non-executive directors with extensive experience in finance, law, and administration.

Executive Leadership

Mr. Ashok Kumar Gupta serves as the Managing Director. A commerce graduate and fellow member of The Institute of Company Secretaries of India, he brings vast experience in finance, accounts, and secretarial matters.

Non-Executive Directors

The non-executive board includes:

• Mr. Govind Prasad Agarwal: Non-Executive Chairman. A law graduate and fellow member of The Institute of Company Secretaries of India, he has over three decades of experience in finance, law, and administration.
• Ms. Ashu Gupta: Non-Executive Women Director. She holds a commerce degree and LL.B from Delhi University and became a Company Secretary in 1995. Her expertise covers corporate legal matters and regulatory dealings with bodies such as SEBI, RBI, and the Ministry of Corporate Affairs.
• Mr. Satish Chandra Sinha: Non-Executive Independent Director. A seasoned banker with over 32 years of experience, including roles at Union Bank of India and Oriental Bank of Commerce. He holds a B.Com from Patna University and a CAIIB diploma.
• Mr. Raj Kumar Khanna: Non-Executive Independent Director. He holds a Graduate in Management - Finance and a Post Graduate Diploma in Marketing & Sales Management from FMS, Delhi University. His career includes senior roles at HUDCO and National Building Construction Corporation Limited.
• Mrs. Neelu Jain: Non-Executive Independent Director. An M.A. in English, she has vast experience in teaching, administration, and human resources. She is also associated with Jan Sikshan Sansthan.