News Corporate Actions AvenuesAI Limited Converts 79,41,270 Partly Paid-Up Shares to Fully Paid-Up StatusAvenuesAI Limited Converts 79,41,270 Partly Paid-Up Shares to Fully Paid-Up Status
AvenuesAI Limited's Rights Issue Committee approved the conversion of 79,41,270 partly paid-up equity shares to fully paid-up shares on February 10, 2026, following receipt of Rs. 5 per share call money payments. This follows an earlier conversion of 68,21,82,616 shares on December 16, 2025, from the original allotment of 69,99,85,723 partly paid-up shares.
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AvenuesAI Limited (formerly known as Infibeam Avenues Limited) has successfully converted an additional 79,41,270 partly paid-up equity shares into fully paid-up equity shares following the completion of call money payments by eligible shareholders.
Rights Issue Committee Approval
The company's Rights Issue Committee, in its meeting held on February 10, 2026, approved the conversion after receiving the first and final call money from shareholders. This development follows the company's earlier announcement on January 12, 2026, when it issued reminder-cum-forfeiture notices to holders of partly paid-up equity shares who had not made the required payments.
Shareholders were required to pay Rs. 5 per partly paid-up equity share during the designated call money payment period, which ran from Monday, January 19, 2026, to Thursday, January 29, 2026.
Share Conversion Details
The company provided a comprehensive reconciliation statement showing the progression of its partly paid-up shares:
| Particulars | Details |
|---|---|
| Partly Paid-up Shares (Exchange Approval) | 69,99,85,723 |
| Partly Paid-up Shares Allotted | 69,99,85,723 |
| Shares Converted (December 16, 2025) | 68,21,82,616 |
| Shares Converted (February 10, 2026) | 79,41,270 |
The conversion process demonstrates the company's systematic approach to collecting outstanding call money from shareholders and converting partly paid shares to fully paid status.
Corporate Communication
AvenuesAI Limited has made this information available on its official website at www.ia.ooo and has notified both BSE Limited and the National Stock Exchange of India Limited about this development. The company trades under the symbols CCAVENUE and CCAVENUEPP on the exchanges.
The announcement was signed by Shyamal Trivedi, Sr. Vice President & Company Secretary, confirming the formal approval and completion of the share conversion process.
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