AvenuesAI Limited will hold its 16th Annual General Meeting (AGM) on Tuesday, September 29, 2026, at 11:00 am through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting is scheduled in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Annual Report and Notice of AGM will be circulated electronically to members with registered email addresses. Those without registered emails will receive a letter with a web-link to access the documents. Shareholders can attend the meeting and vote via e-voting before and during the AGM.

Transfer Deed Re-lodgement Window

The company has opened a special window for the re-lodgement of transfer deeds. This facility applies to deeds lodged before April 1, 2019, that were rejected, returned, or unattended due to document deficiencies or other reasons. The window remains open until February 4, 2027.

Members holding shares in physical mode must provide details such as Folio Number, name, mobile number, scanned share certificates, PAN, and Aadhar cards to register their email addresses. Demat account holders should contact their respective Depository Participants.

AvenuesAI delivered a robust start to FY27, with consolidated revenue from operations surging 109% year-on-year to ₹26,804 million for the quarter ended June 30, 2026. This growth was underpinned by a 74% increase in transaction processing value (TPV), which reached ₹1.48 trillion. Profit after tax (PAT) rose 45% to ₹848 million, while EBITDA excluding other income grew 41% to ₹1,000 million. The strong performance highlights the effectiveness of its integrated payments infrastructure and expanding digital ecosystem, reinforcing its FY27 revenue guidance of ₹110,000 million to ₹130,000 million.

The Board of Directors, meeting on August 11, 2026, approved the unaudited standalone and consolidated financial results, reviewed by statutory auditors Shah & Taparia Chartered Accountants under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Beyond financials, the Board sanctioned the amalgamation of Nueromind Technologies Private Limited into AvenuesAI, a variation in the objects of its previous rights issue, and the consolidation of equity shares. An audio recording of the investor conference call discussing these results is available on the company website.

Financial Performance

Consolidated revenue from operations more than doubled compared to ₹12,802.1 million in Q1FY26. The Payment Business segment contributed ₹26,259.4 million, while the E-Commerce Platform Business added ₹544.6 million. Profit before tax stood at ₹866.6 million, up from ₹788.9 million in the prior year period. Basic earnings per share (EPS) for continuing operations were ₹0.24, compared to ₹0.21 in Q1FY26.

Standalone revenue from operations reached ₹25,333.8 million, up from ₹11,560.1 million in Q1FY26. Standalone PAT was ₹254.4 million, compared to ₹437.0 million in the same quarter last year, which included significant profits from discontinued operations related to the transfer of the Platform Business Undertaking to Rediff.com India Limited.

Strategic Corporate Actions

The Board approved a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, to merge Nueromind Technologies Private Limited, a wholly-owned subsidiary focused on AI and machine learning, into AvenuesAI. This move aims to simplify the group structure and integrate AI capabilities directly into the parent company’s core businesses. Consequently, the Board also approved a variation in the objects of the rights issue issued in June 2025. Instead of investing through Nueromind, the company will directly undertake advanced technology development and AI software activities using the unutilized proceeds of ₹28,455.59 million.

Additionally, the Board proposed consolidating ten equity shares of ₹1 face value into one equity share of ₹10 face value. This capital restructuring is intended to rationalize the share capital structure without altering the underlying economic value or proportionate shareholding of investors. The consolidation requires shareholder approval at the upcoming Annual General Meeting.

Investment Update

In a separate development, the Board increased its investment limit in Ratnaafin Capital Private Limited from an amount not exceeding ₹66.00 crore to not exceeding ₹70.00 crore for acquiring not exceeding 2.50% stake of Post issue capital. The transaction is not a related party transaction and is expected to be completed on or before March 31, 2027. Furthermore, AvenuesAI approved a strategic investment to acquire a 7% minority stake in Online PSB Loans (OPL), operator of India's largest public-sector-backed digital credit platform, to enhance digital credit access for underserved segments.

Strategic Priorities and Outlook

Management outlined three key priorities for FY27: unlocking the value of Rediff.com by integrating it with payments and AI capabilities, expanding CCAvenue’s payment gateway business into the United States, and building the proprietary AvenuesAI Transaction Intelligence Score (TISco). TISco is designed to analyze transaction behavior and merchant activity to provide dynamic assessments for risk, fraud detection, and credit intelligence.

Chairman and Managing Director Vishal Mehta emphasized that the company is shifting from building transaction infrastructure to leveraging embedded intelligence for new products. CEO Vishwas Patel highlighted the disciplined execution strategy, noting that the company expects FY27 EPS to range between ₹8.75 and ₹9.50 per share, based on the post-consolidation face value.

What the Numbers Show

The 109% revenue growth significantly outpaces the 45% PAT growth, indicating that operating margins are under pressure as the company scales. While EBITDA grew 41%, the disproportionate rise in revenue suggests higher variable costs or investments in new markets like the US and UAE, where the company recently secured regulatory approvals. The absence of discontinued operations in the current quarter provides a cleaner view of the core payment business’s profitability, which remains resilient despite the aggressive expansion plans.