Infibeam Avenues Limited has issued a postal ballot notice seeking shareholder approval for significant corporate changes that underscore the company's strategic transformation into an AI-first technology enterprise. The notice, filed under Regulation 30 of SEBI Listing Regulations, proposes four special resolutions that will reshape the company's identity and operational framework.

Proposed Name Change to Avenues AI Limited

The most significant proposal involves changing the company name from Infibeam Avenues Limited to Avenues AI Limited. This transformation reflects the company's evolution from an e-commerce and payments infrastructure enterprise to a full-stack, AI-led digital payment technology company. The Central Registration Centre, Ministry of Corporate Affairs, has already approved the name reservation, valid for 60 days.

The company states that Artificial Intelligence is now integrated across critical layers of its value chain, including payment authorization, routing, fraud detection, credit scoring, digital public infrastructure, cloud technologies, and scalable platform architecture. All existing contracts, rights, and obligations will remain unaffected by the name change.

Business Object Expansion for AI Operations

The second resolution proposes altering the Object Clause of the Memorandum of Association to include AI and machine learning business activities. The new sub-clause will enable the company to engage in research, development, design, and creation of machine learning applications, including real-time AI-driven decision-making technologies for various industries.

The expanded business scope includes:

• Development and commercialization of AI-powered video, text, image, and audio applications
• Software as a Service (SaaS) offerings for large AI models
• Licensing and distribution of AI-powered software and tools
• Customization of solutions for industry-specific requirements

Leadership Changes and Appointments

The postal ballot includes elevation of Mr. Vishwas Ambalal Patel from Joint Managing Director to Managing Director and Chief Executive Officer for a five-year term. Notably, he will serve without remuneration during his tenure.

Additionally, the company proposes appointing Dr. Neharika Vohra as an Independent Director. Dr. Vohra, currently a Professor in Organizational Behaviour at Indian Institute of Management, Ahmedabad, brings expertise in organizational development, diversity and inclusion, entrepreneurship, and leadership.

E-Voting Process

The company has engaged National Securities Depository Limited (NSDL) for the e-voting facility. The voting process is restricted to electronic mode only, with no physical postal ballot forms being distributed.

SPANJ Associates, Company Secretaries, has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The results will be displayed on the company's website, NSDL's website, and communicated to stock exchanges where the company's shares are listed.

The proposed resolutions, if approved by the requisite majority, will be deemed to have been passed on January 16, 2026. These changes represent a significant strategic shift for the company as it positions itself at the forefront of AI-driven financial technology solutions while maintaining its flagship CCAvenue brand and existing partnerships with public and private sector institutions.

Infibeam Avenues' proposed name change to Avenues AI Limited reflects its transformation into an AI-first digital payments company. The postal ballot not only includes the rebranding initiative but also encompasses leadership changes and business expansion plans, signaling a comprehensive strategic shift for the organization.

Infibeam Avenues has successfully completed the conversion of a significant portion of its partly paid-up equity shares to fully paid-up status. The company's Rights Issue Committee, in its meeting held on December 16, 2025, approved the conversion of 68,21,82,616 partly paid-up equity shares into fully paid-up equity shares upon receipt of the final call money of ₹5 per share.

Share Conversion Details

The conversion process was initiated following the company's earlier intimation dated November 10, 2025, which had fixed November 14, 2025 as the record date for payment of the first and final call money. Shareholders were required to pay ₹5.00 per partly paid-up equity share during the designated call period.

Reconciliation Statement

The company provided a detailed reconciliation of the share conversion process, showing the progression from approved shares to final conversion.

The conversion represents approximately 97.46% of the total partly paid-up equity shares that were allotted, indicating strong participation from shareholders in completing their payment obligations.

Corporate Communication

Infibeam Avenues dispatched call notices to eligible shareholders for the payment process and has made the intimation available on the company's website at www.ia.ooo . The company has informed both BSE Limited and National Stock Exchange of India Limited about the successful completion of the conversion process.

The conversion of partly paid-up shares to fully paid-up status strengthens the company's equity base and provides clarity on the final shareholding structure following the rights issue process.