AvenuesAI Promoter Group Completes 6.02 Crore Share Inter

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.

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

Jayshreeben Ajitbhai Mehta filed the disclosure from her 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.

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.

AvenuesAI Limited has successfully converted an additional 18,50,287 partly paid-up equity shares to fully paid-up status following the completion of its call money collection process. The company's Rights Issue Committee approved this conversion on March 13, 2026, after receiving the outstanding call money payments from eligible shareholders.

Rights Issue Committee Decision

The Rights Issue Committee meeting held on March 13, 2026, formally approved the conversion of the partly paid-up equity shares into fully paid-up equity shares. This decision came after the company received the First and Final Call Money of Rs. 5.00 per partly paid-up equity share from the respective shareholders.

Call Money Collection Process

Prior to this conversion, AvenuesAI had issued second reminder-cum-forfeiture notices on February 19, 2026, to shareholders who had not paid the First and Final Call Money. The company provided a payment window from Wednesday, February 25, 2026, to Saturday, March 07, 2026, for eligible shareholders to remit the outstanding amount.

Share Conversion Summary

The company provided a detailed reconciliation statement showing the complete status of its partly paid-up equity shares:

Parameter: Number of Shares Partly Paid-up Equity Shares (Exchange Approval): 69,99,85,723 Partly Paid-up Equity Shares Allotted: 69,99,85,723 Total Shares Converted to Fully Paid Status: 69,01,23,886 Shares Converted on March 13, 2026: 18,50,287

Corporate Background

AvenuesAI Limited, formerly known as Infibeam Avenues Limited, has its registered office at the 28th Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Gandhinagar, Gujarat. The company operates under CIN L64203GJ2010PLC061366 and maintains its corporate website at www.avenuesai.com .

Regulatory Compliance

This announcement was made under Regulation 30 of the securities regulations, ensuring proper disclosure to both BSE Limited and National Stock Exchange of India Limited. The company trades under the symbols CCAVENUE and CCAVENUEPP on the respective exchanges, with company codes 539807 and 890219 on BSE. The announcement was signed by Shyamal Trivedi, Sr. Vice President & Company Secretary, and is available on the company's official website.

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