AvenuesAI Limited: Varini Patel and PAC Sell 9,00,00,000 Equity Shares Worth 2.57% Stake

AvenuesAI Limited has received a disclosure under SEBI regulations regarding the sale of 9,00,00,000 equity shares by Varini Patel and persons acting in concert (PAC). The transaction, completed between March 25-27, 2026, represents a 2.57% stake in the company and was conducted through off-market sales.

Transaction Overview

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, reveals significant changes in shareholding patterns. The selling group's stake has decreased from 14.72% to 12.14% following this transaction.

Parameter Details Total Shares Sold 9,00,00,000 Percentage of Total Capital 2.57% Transaction Mode Off Market Transaction Period March 25, 2026 to March 27, 2026 Current Equity Share Capital 3,49,64,20,770 shares

Shareholding Changes

The transaction involved multiple parties within the PAC structure, with varying levels of participation in the share sale.

Before and After Comparison

Metric Before Sale After Sale Change Total Holding 51,45,80,591 shares 42,45,80,591 shares (9,00,00,000) Percentage of Capital 14.72% 12.14% (2.57%) Diluted Capital Percentage 14.54% 12.00% (2.54%)

Individual Seller Details

The sale was distributed among the PAC members as follows:

Varini Patel (Primary Seller):

Shares sold: 8,00,00,000

Holding reduced from 8,25,28,890 to 25,28,890 shares

Percentage decreased from 2.36% to 0.07%

Vivek Patel (PAC Member):

Shares sold: 1,00,00,000

Holding reduced from 4,87,86,516 to 3,87,86,516 shares

Percentage decreased from 1.40% to 1.11%

Vishwas Patel (PAC Member):

No shares sold

Maintained holding of 38,32,65,185 shares (10.96%)

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where AvenuesAI Limited shares are listed. The filing confirms that the selling parties do not belong to the promoter or promoter group category. The company's total diluted share capital stands at 3,53,95,68,664 equity shares post-transaction, indicating the presence of convertible instruments or employee stock options that could potentially increase the share count.

Promoters of AvenuesAI Limited have completed an internal restructuring involving the transfer of 6,02,29,500 equity shares through an off-market inter-se transfer on March 18, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with Ajit Champaklal Mehta filing the disclosure from his Ahmedabad address.

Transaction Overview

The inter-se transfer involved 6,02,29,500 equity shares, representing 1.72% of AvenuesAI's total share capital. Infinium Motors Private Limited acquired these shares from two individual promoters, increasing its shareholding from 7.63% to 9.35% of the company's equity.

Parameter: Details Shares Transferred: 6,02,29,500 Transaction Value: 1.72% of total share capital Transaction Date: March 18, 2026 Mode: Off-market inter-se transfer Disclosure Date: March 20, 2026

Shareholding Changes

The shares were transferred from two promoters to Infinium Motors Private Limited. Jayshreeben Ajitbhai Mehta sold 3,01,14,750 shares, reducing her holding from 15,06,86,689 shares (4.31%) to 12,05,71,939 shares (3.45%). Similarly, Ajit Champaklal Mehta also sold 3,01,14,750 shares, with his shareholding decreasing from 15,06,86,689 shares (4.31%) to 12,05,71,939 shares (3.45%).

Stakeholder: Before Transaction After Transaction Change Infinium Motors Private Limited: 7.63% (26,66,08,932 shares) 9.35% (32,68,38,432 shares) +1.72% Jayshreeben Ajitbhai Mehta: 4.31% (15,06,86,689 shares) 3.45% (12,05,71,939 shares) -0.86% Ajit Champaklal Mehta: 4.31% (15,06,86,689 shares) 3.45% (12,05,71,939 shares) -0.86%

Regulatory Compliance

Ajit Champaklal Mehta filed the disclosure from his address at Amijyot, Parimal Society, Ellisbridge, Ahmedabad. The disclosure was submitted to BSE Limited, National Stock Exchange of India Limited, and AvenuesAI Limited on March 20, 2026, in compliance with SEBI regulations. The filing included comprehensive details of all persons acting in concert with the acquirer, including Vishal A. Mehta, Nirali V. Mehta, and other associated entities.

Company Structure

AvenuesAI Limited maintains its equity share capital at 3,49,64,20,770 shares, with a total diluted share capital of 3,53,95,68,664 shares. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Promoter Group Holdings

Since all parties involved in the transaction belong to AvenuesAI's promoter group, the aggregate promoter group shareholding remains unchanged at 95,40,10,982 shares, representing 27.29% of the total share capital and 26.95% of the diluted share capital. The transaction represents an internal restructuring within the promoter group rather than a change in overall promoter control.

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