AvenuesAI Limited (formerly known as Infibeam Avenues Limited) has successfully converted an additional 79,41,270 partly paid-up equity shares into fully paid-up equity shares following the completion of call money payments by shareholders. The Rights Issue Committee approved this conversion during its meeting held on February 10, 2026.

Call Money Payment Process

The conversion follows a structured call money collection process that began with the company's announcement on January 12, 2026. AvenuesAI had issued reminder-cum-forfeiture notices to holders of partly paid-up equity shares who had not yet paid the first and final call money of Rs. 5 per partly paid-up equity share.

Shareholders were provided a specific payment window from Monday, January 19, 2026, to Thursday, January 29, 2026, to complete their call money obligations and convert their partly paid-up shares to fully paid-up status.

Share Conversion Details

The company provided a comprehensive reconciliation statement showing the progress of share conversions:

Rights Issue Progress

The reconciliation statement reveals that AvenuesAI had obtained in-principle approval from stock exchanges for 69,99,85,723 partly paid-up equity shares, all of which were subsequently allotted to eligible shareholders. The conversion process has been conducted in phases, with the majority of shares (68,21,82,616) converted on December 16, 2025, followed by the recent conversion of 79,41,270 shares.

Corporate Communication

The announcement was made to both BSE Limited and National Stock Exchange of India Limited, with AvenuesAI trading under company codes 539807/890219 on BSE and symbols CCAVENUE/CCAVENUEPP on NSE. The company has made this information available on its website at www.ia.ooo for stakeholder reference.

Shyamal Trivedi, Sr. Vice President & Company Secretary, signed the official communication on behalf of AvenuesAI Limited, confirming the completion of this phase of the rights issue process.

Infibeam avenues Limited has secured a revised CA certificate for its proposed name change to AvenuesAI Limited, fulfilling regulatory requirements under SEBI Listing Regulations. The company submitted the certificate to stock exchanges on January 28, 2026, following NSE's specific request for updated certification.

Regulatory Compliance and Timeline

The revised certificate was issued pursuant to Regulation 30 and Regulation 45 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation dated December 17, 2025, and NSE's letter bearing reference number NSE/LIST/385 dated January 28, 2026, which required the company to obtain revised CA certification for the name change application.

Name Change History and Compliance

The CA certificate confirms compliance with all applicable conditions under Regulation 45(1) of the SEBI Listing Regulations. A key requirement involves the one-year elapsed period from the last name change, which the company satisfies as its previous name change occurred on July 23, 2018, when it transitioned from Infibeam Incorporation Limited to Infibeam Avenues Limited.

Business Operations and AI Integration

The certification clarifies that there has been no change in the company's business line, nature of operations, or revenue model. The company's AI-enabled Payment Aggregator business, operated under the "Avenues" brand, continues as its core and principal business activity, remaining the primary contributor to total revenue.

According to management representations in the certificate, artificial intelligence is embedded within the company's existing operations, including:

• Core transaction processing systems
• Risk management platforms
• Optimization capabilities
• Service delivery platforms

The CA firm noted that these AI-enabled capabilities do not constitute new business activities but form an integral part of continuing operations. However, the certification includes a scope limitation stating that the examination did not include technical evaluation or independent validation of the company's software systems, algorithms, or AI models.

Certificate Purpose and Restrictions

Patel & Mehta Chartered Accountants issued the certificate specifically for compliance with Regulation 45(3) of the Listing Regulations. The certificate includes a restriction clause stating it should not be used or relied upon for any other purpose without prior written consent from the certifying firm.

The company has made the certificate details available on its website at www.ia.ooo , maintaining transparency with stakeholders regarding the name change process and regulatory compliance.