AvenuesAI Approves 7% Stake Acquisition in Online PSB Loans, Investment in Ratnaafin Capital
AvenuesAI Limited's Board approved audited financial results for Q4FY26 and FY26. Key decisions include acquiring a 7% stake in Online PSB Loans Limited and investing up to 2.5% in Ratnaafin Capital Private Limited. The company also approved acquiring the remaining 9.9% stake in subsidiary Nueromind Technologies, making it a wholly-owned subsidiary.
The approval of acquisitions and investments in other companies, along with making a subsidiary wholly-owned, are significant strategic moves that can materially impact the company's future performance and market position.
The company reported audited financial results and approved strategic acquisitions and investments, indicating growth and expansion initiatives.
AvenuesAI Limited announced the outcome of its Board Meeting held on May 29, 2026, where the Board considered and approved the audited financial results for the quarter and year ended March 31, 2026. The results were presented on both standalone and consolidated bases, with audit reports confirming unmodified opinions from the statutory auditors.
In a significant move for its growth strategy, the company also approved the acquisition of a 7.00% stake from existing shareholders of Online PSB Loans Limited. Furthermore, the Board approved an investment of not exceeding 2.50% stake in Ratnaafin Capital Private Limited. The company also greenlit the acquisition of the remaining 9.90% stake in its subsidiary, Nueromind Technologies Private Limited, which will make Nueromind a wholly-owned subsidiary upon completion.
The Board Meeting commenced at 11:30 a.m. and concluded at 02:25 p.m. The company also noted the completion of the name change from Infibeam Avenues Limited to AvenuesAI Limited, with necessary approvals received in January 2026.
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AvenuesAI Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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