Infibeam avenues Limited, now known as AvenuesAI Limited, has filed its quarterly statement confirming no deviation in the utilization of funds raised through its rights issue for the quarter ended December 31, 2025. The company submitted this regulatory filing to both BSE and NSE on February 13, 2026, in compliance with Regulation 32 of SEBI Listing Regulations.

Rights Issue Fund Details

The company successfully raised Rs. 69,998.57 lakhs through its rights issue dated July 15, 2025. The fund collection was structured in two phases, with the company receiving Rs. 34,999.29 lakhs on application and Rs. 34,109.13 lakhs on the first and final call. CARE Ratings Limited serves as the monitoring agency for the fund utilization.

Fund Utilization Across Business Objectives

The company has been deploying the raised funds across four key strategic areas as originally outlined in the Letter of Offer dated June 19, 2025. The fund allocation and utilization pattern demonstrates the company's commitment to its stated business expansion plans.

Subsidiary Investment Strategy

The largest allocation of Rs. 29,399.59 lakhs has been designated for further investment in Nueromind Technologies Private Limited, focusing on advanced technology development and AI software-related work. As of December 31, 2025, the company has utilized Rs. 943.20 lakhs from this allocation.

For Rediff.com India Limited, the company allocated Rs. 8,766.40 lakhs for expansion of digital and payment ecosystem, with Rs. 7,030.00 lakhs already deployed. The investment in wholly owned subsidiary Infibeam Projects Management Private Limited has been fully utilized at Rs. 6,984.00 lakhs for partial repayment of secured loans.

Regulatory Compliance and Governance

The fund utilization statement has undergone thorough review by the company's Audit Committee and received approval from the Board of Directors at their meeting held on February 13, 2026. Both the Audit Committee and auditors have provided no adverse comments on the fund deployment pattern.

The company confirmed that there were no deviations in:

• Objects or purposes for which funds were raised
• Amount of funds utilized versus original disclosure
• Terms of contract referenced in the fund raising document

AvenuesAI Limited continues to maintain transparency in its fund utilization reporting, with detailed information available on the company's website at www.avenuesai.com . The systematic deployment of rights issue proceeds across strategic business areas reflects the company's disciplined approach to capital allocation and growth initiatives.

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.