AvenuesAI Limited has announced that its subsidiary Rediff.com India Limited has filed a Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with regulatory authorities for a proposed initial public offering. The development was communicated to stock exchanges on March 31, 2026, in compliance with listing regulations.

IPO Filing Details

The subsidiary has submitted the Pre-DRHP to multiple regulatory bodies and exchanges for the proposed equity share offering:

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. AvenuesAI emphasized that the filing of the Pre-DRHP does not necessarily guarantee that Rediff.com will proceed with the initial public offering.

Future Disclosures

AvenuesAI Limited has committed to providing additional details and making further disclosures as material developments occur in relation to the proposed IPO. The company will ensure compliance with applicable laws throughout the process.

Company Information

The communication was signed by Shyamal Trivedi, Sr. Vice President & Company Secretary of AvenuesAI Limited (formerly known as Infibeam Avenues Limited). The intimation is also available on the company's website at www.avenuesai.com for stakeholder reference.

AvenuesAI Limited has received a disclosure under SEBI regulations regarding the sale of 9,00,00,000 equity shares by Varini Patel and persons acting in concert (PAC). The transaction, completed between March 25-27, 2026, represents a 2.57% stake in the company and was conducted through off-market sales.

Transaction Overview

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, reveals significant changes in shareholding patterns. The selling group's stake has decreased from 14.72% to 12.14% following this transaction.

Shareholding Changes

The transaction involved multiple parties within the PAC structure, with varying levels of participation in the share sale.

Before and After Comparison

Individual Seller Details

The sale was distributed among the PAC members as follows:

Varini Patel (Primary Seller):

• Shares sold: 8,00,00,000
• Holding reduced from 8,25,28,890 to 25,28,890 shares
• Percentage decreased from 2.36% to 0.07%

Vivek Patel (PAC Member):

• Shares sold: 1,00,00,000
• Holding reduced from 4,87,86,516 to 3,87,86,516 shares
• Percentage decreased from 1.40% to 1.11%

Vishwas Patel (PAC Member):

• No shares sold
• Maintained holding of 38,32,65,185 shares (10.96%)

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where AvenuesAI Limited shares are listed. The filing confirms that the selling parties do not belong to the promoter or promoter group category. The company's total diluted share capital stands at 3,53,95,68,664 equity shares post-transaction, indicating the presence of convertible instruments or employee stock options that could potentially increase the share count.