AvenuesAI Issues Final Reminder for Call Money Payment, Warns of Share Forfeiture
AvenuesAI Limited issued a final reminder for ₹5 per share call money on partly paid-up equity shares. Payment is due by August 31, 2026. Failure to pay will result in forfeiture of shares. The payment period is August 17-31, 2026. Shareholders can pay via NEFT/RTGS, Net Banking, or Demand Draft.
The forfeiture of shares directly impacts the shareholders who have not paid the call money. For the company, it resolves an outstanding issue related to the rights issue, but the potential negative sentiment among affected shareholders could have a moderate impact.
The announcement concerns the potential forfeiture of shares due to non-payment of call money, which is a negative development for the affected shareholders.
AvenuesAI Limited (formerly Infibeam Avenues Limited) has issued a last and final reminder to holders of its partly paid-up equity shares regarding the outstanding First and Final Call Money of ₹5 per share. This call money, comprising ₹0.50 towards face value and ₹4.50 towards securities premium, was originally due following the rights issue allotments made on July 15, 2025, based on a Letter of Offer dated June 19, 2025.
The company has previously sent notices on November 10, 2025, January 12, 2026, and February 19, 2026, to shareholders who had not paid the call money. The Board of Directors, in its meeting on August 11, 2026, approved the dispatch of this final reminder. Shareholders are informed that failure to pay the balance call money by August 31, 2026, will result in the forfeiture of their unpaid partly paid shares, including any amounts already paid.
The payment period for this final call money is from August 17, 2026, to August 31, 2026. Shareholders can make payments through NEFT/RTGS, Net Banking, or Demand Draft. Detailed instructions and payment links are available on the company's website (www.avenuesai.com) and its Registrar to the Issue and Share Transfer Agent's website (https://rights.alankit.com/). The company emphasizes that only full payments will be accepted, and part payments may lead to forfeiture or conversion of shares proportionate to the amount paid. All correspondence should be addressed to Alankit Assignments Limited.
What to do with a filing like this
AvenuesAI Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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.