AvenuesAI Limited Reports No Deviation in Rights Issue Fund Utilization for Q3FY26
AvenuesAI Limited has reported no deviation in the utilization of Rs. 69,998.57 lakhs raised through its rights issue for Q3FY26. The company is systematically deploying funds across subsidiary investments including Nueromind Technologies for AI development, Rediff.com for digital ecosystem expansion, and Infibeam Projects Management for loan repayment. The Audit Committee and Board have approved the fund utilization statement with no adverse comments from auditors.

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Infibeam avenues Limited, now known as AvenuesAI Limited, has filed its quarterly statement confirming no deviation in the utilization of funds raised through its rights issue for the quarter ended December 31, 2025. The company submitted this regulatory filing to both BSE and NSE on February 13, 2026, in compliance with Regulation 32 of SEBI Listing Regulations.
Rights Issue Fund Details
The company successfully raised Rs. 69,998.57 lakhs through its rights issue dated July 15, 2025. The fund collection was structured in two phases, with the company receiving Rs. 34,999.29 lakhs on application and Rs. 34,109.13 lakhs on the first and final call. CARE Ratings Limited serves as the monitoring agency for the fund utilization.
| Parameter | Details |
|---|---|
| Total Amount Raised | Rs. 69,998.57 lakhs |
| Rights Issue Date | July 15, 2025 |
| Amount on Application | Rs. 34,999.29 lakhs |
| Amount on First Call | Rs. 34,109.13 lakhs |
| Monitoring Agency | CARE Ratings Limited |
Fund Utilization Across Business Objectives
The company has been deploying the raised funds across four key strategic areas as originally outlined in the Letter of Offer dated June 19, 2025. The fund allocation and utilization pattern demonstrates the company's commitment to its stated business expansion plans.
| Original Object | Original Allocation (Rs. lakhs) | Funds Utilised (Rs. lakhs) |
|---|---|---|
| Investment in Infibeam Projects Management Private Limited | 6,984.00 | 6,984.00 |
| Investment in Nueromind Technologies Private Limited | 29,399.59 | 943.20 |
| Investment in Rediff.com India Limited | 8,766.40 | 7,030.00 |
| Acquisitions and General Corporate Purposes | 24,388.58 | 16,250.00 |
Subsidiary Investment Strategy
The largest allocation of Rs. 29,399.59 lakhs has been designated for further investment in Nueromind Technologies Private Limited, focusing on advanced technology development and AI software-related work. As of December 31, 2025, the company has utilized Rs. 943.20 lakhs from this allocation.
For Rediff.com India Limited, the company allocated Rs. 8,766.40 lakhs for expansion of digital and payment ecosystem, with Rs. 7,030.00 lakhs already deployed. The investment in wholly owned subsidiary Infibeam Projects Management Private Limited has been fully utilized at Rs. 6,984.00 lakhs for partial repayment of secured loans.
Regulatory Compliance and Governance
The fund utilization statement has undergone thorough review by the company's Audit Committee and received approval from the Board of Directors at their meeting held on February 13, 2026. Both the Audit Committee and auditors have provided no adverse comments on the fund deployment pattern.
The company confirmed that there were no deviations in:
- Objects or purposes for which funds were raised
- Amount of funds utilized versus original disclosure
- Terms of contract referenced in the fund raising document
AvenuesAI Limited continues to maintain transparency in its fund utilization reporting, with detailed information available on the company's website at www.avenuesai.com . The systematic deployment of rights issue proceeds across strategic business areas reflects the company's disciplined approach to capital allocation and growth initiatives.
Historical Stock Returns for AvenuesAI
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.67% | +10.98% | +22.89% | +25.75% | +2.77% | -2.88% |


































