AvenuesAI Promoter Group Completes 6.02 Crore Share Inter-Se Transfer
AvenuesAI Limited's promoter group completed an internal restructuring involving the transfer of 6,02,29,500 equity shares through off-market inter-se transfer on March 18, 2026. Infinium Motors Private Limited acquired these shares from Ajit Champaklal Mehta and Jayshreeben Ajitbhai Mehta, increasing its shareholding from 7.63% to 9.35%, while the overall promoter group holding remained unchanged at 27.29%.
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Promoters of AvenuesAI Limited have completed an internal restructuring involving the transfer of 6,02,29,500 equity shares through an off-market inter-se transfer on March 18, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with Ajit Champaklal Mehta filing the disclosure from his Ahmedabad address.
Transaction Overview
The inter-se transfer involved 6,02,29,500 equity shares, representing 1.72% of AvenuesAI's total share capital. Infinium Motors Private Limited acquired these shares from two individual promoters, increasing its shareholding from 7.63% to 9.35% of the company's equity.
| Parameter: | Details |
|---|---|
| Shares Transferred: | 6,02,29,500 |
| Transaction Value: | 1.72% of total share capital |
| Transaction Date: | March 18, 2026 |
| Mode: | Off-market inter-se transfer |
| Disclosure Date: | March 20, 2026 |
Shareholding Changes
The shares were transferred from two promoters to Infinium Motors Private Limited. Jayshreeben Ajitbhai Mehta sold 3,01,14,750 shares, reducing her holding from 15,06,86,689 shares (4.31%) to 12,05,71,939 shares (3.45%). Similarly, Ajit Champaklal Mehta also sold 3,01,14,750 shares, with his shareholding decreasing from 15,06,86,689 shares (4.31%) to 12,05,71,939 shares (3.45%).
| Stakeholder: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Infinium Motors Private Limited: | 7.63% (26,66,08,932 shares) | 9.35% (32,68,38,432 shares) | +1.72% |
| Jayshreeben Ajitbhai Mehta: | 4.31% (15,06,86,689 shares) | 3.45% (12,05,71,939 shares) | -0.86% |
| Ajit Champaklal Mehta: | 4.31% (15,06,86,689 shares) | 3.45% (12,05,71,939 shares) | -0.86% |
Regulatory Compliance
Ajit Champaklal Mehta filed the disclosure from his address at Amijyot, Parimal Society, Ellisbridge, Ahmedabad. The disclosure was submitted to BSE Limited, National Stock Exchange of India Limited, and AvenuesAI Limited on March 20, 2026, in compliance with SEBI regulations. The filing included comprehensive details of all persons acting in concert with the acquirer, including Vishal A. Mehta, Nirali V. Mehta, and other associated entities.
Company Structure
AvenuesAI Limited maintains its equity share capital at 3,49,64,20,770 shares, with a total diluted share capital of 3,53,95,68,664 shares. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.
Promoter Group Holdings
Since all parties involved in the transaction belong to AvenuesAI's promoter group, the aggregate promoter group shareholding remains unchanged at 95,40,10,982 shares, representing 27.29% of the total share capital and 26.95% of the diluted share capital. The transaction represents an internal restructuring within the promoter group rather than a change in overall promoter control.
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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