AvenuesAI converts 10.68 lakh partly paid shares and forfeits 69.43 lakh for unpaid call money
As filed · AvenuesAI Limited has informed the Exchange regarding Outcome of Rights Issue Committee Meeting - Conversion and Forfeiture of Partly Paid-up Equity Shares.
CapitalMixedMinormateriality 46 out of 100
What happened
FactAvenuesAI’s Rights Issue Committee approved conversion of 10,68,411 partly paid-up equity shares into fully paid-up shares after receiving the First and Final Call Money of Rs. 5/- per share. It also approved forfeiture of 69,43,139 remaining partly paid-up shares for which the call money remained unpaid as of August 31, 2026.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
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Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
- Targeting 12-15% international contribution to Payment’s Net Revenue by FY28 (management committed by FY28)
- Saudi expected to be fully operational in FY26 (management committed by FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- The action finalizes the treatment of the remaining partly paid-up shares from the Rights Issue: 10,68,411 shares are to be converted, subject to completion of corporate-action formalities and listing and trading approvals, while 69,43,139 shares are forfeited.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%