AvenuesAI Converts 18.5 Lakh Partly Paid Shares to Fully Paid Post Call Money
AvenuesAI Limited's Rights Issue Committee approved the conversion of 18,50,287 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares on March 13, 2026. This follows the receipt of the First and Final Call Money of Rs. 5 per share. The company previously issued reminder-cum-forfeiture notices.
The conversion of a significant number of partly paid shares to fully paid shares positively impacts the company's equity structure and financial standing.
The conversion of partly paid shares to fully paid shares signifies successful collection of call money and strengthens the company's equity base.
AvenuesAI Limited (formerly Infibeam Avenues Limited) announced the outcome of its Rights Issue Committee meeting held on March 13, 2026.
In furtherance to the company's announcement on February 19, 2026, regarding the issuance of 2nd Reminder-cum-Forfeiture Notices to holders of partly paid-up equity shares who had not paid the First and Final Call Money, the committee has approved the conversion of 18,50,287 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares.
This conversion follows the receipt of the First and Final Call Money, which was Rs. 5 per partly paid-up equity share. The call money payment period was from February 25, 2026, to March 07, 2026. The company has provided a reconciliation statement detailing the number of shares allotted, converted, and those converted on March 13, 2026, due to the reminder notices. A total of 69,01,23,886 partly paid shares have been converted into fully paid shares upon receipt of call money, with 18,50,287 shares converted on March 13, 2026.
This intimation is also available on the company's website, www.avenuesai.com.
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AvenuesAI Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by AvenuesAI Limited. Read the original for the full detail.