AvenuesAI Limited: No Deviation in Rights Issue Fund Utilization for Q4FY26
AvenuesAI Limited reported no deviation in the utilization of funds raised through its Rights Issue as of March 31, 2026. The company raised Rs. 69,998.57 Lakhs. Funds were utilized across subsidiaries for loan repayment, technology development, ecosystem expansion, and general corporate purposes.
This is a standard regulatory disclosure confirming that funds were used as intended. It does not introduce new information that would significantly impact the company's valuation or operations.
The announcement is a routine compliance filing confirming no deviation in fund utilization, which is a neutral event for the company's stock.
AvenuesAI Limited (formerly Infibeam Avenues Limited) has confirmed that there was no deviation or variation in the utilization of funds raised through its Rights Issue of Equity Shares, as of March 31, 2026. This statement aligns with the objects outlined in the Letter of Offer dated June 19, 2025.
The detailed statement, reviewed by the Audit Committee and approved by the Board of Directors on May 29, 2026, was submitted to the BSE Limited and National Stock Exchange of India Limited. The company raised Rs. 69,998.57 Lakhs through the Rights Issue, with Rs. 34,999.29 Lakhs received on application and Rs. 34,598.71 Lakhs on the first and final call. The funds were allocated towards various objectives including investment in its wholly-owned subsidiary, Infibeam Projects Management Private Limited, for loan repayment (Rs. 6,984.00 Lakhs utilized); advanced technology development and AI software work in subsidiary Nueromind Technologies Private Limited (Rs. 944.00 Lakhs utilized); expansion of digital and payment ecosystem in subsidiary Rediff.com India Limited (Rs. 7,670.00 Lakhs utilized); and funding acquisitions and general corporate purposes (Rs. 16,933.84 Lakhs utilized).
The company also stated that there were no deviations in the objects or purposes for which funds were raised, nor in the amount utilized compared to the original disclosure, and no changes in the terms of the fundraising contract. The information is also available on the company's website.
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AvenuesAI Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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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.