Infibeam Avenues Limited has announced an updated schedule for its Rights Issue Committee meeting. The company has rescheduled the meeting for January 12, 2026, to address critical matters related to the ongoing rights issue process.

Meeting Details and Agenda

The Rights Issue Committee meeting will focus on important aspects of the rights issue implementation:

The meeting will specifically consider, discuss and approve the Reminder cum Forfeiture Notice for payment of call money outstanding on partly paid-up equity shares issued under the rights issue.

Trading Window Restrictions

Infibeam Avenues has implemented trading window restrictions in compliance with regulatory requirements. The trading window for the company's securities is closed from January 1, 2026, and will remain closed until 48 hours after the declaration of financial results for the quarter and nine months ended December 31, 2025.

This closure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Prevention of Insider Trading.

Implications for Shareholders

The upcoming committee meeting holds significant importance for holders of partly paid-up equity shares. The reminder cum forfeiture notice represents a critical step in the rights issue process, as it addresses outstanding call money payments.

Shareholders who have not fulfilled their payment obligations for the call money on partly paid-up shares should take note of this development. The forfeiture process typically follows when shareholders fail to respond to payment calls within the stipulated timeframe.

Corporate Compliance and Transparency

The announcement, made on January 7, 2026, demonstrates Infibeam Avenues' commitment to regulatory compliance and transparent communication with stakeholders. The company has ensured that this information is available on its official website at www.ia.ooo for easy access by investors and market participants.

Investors are advised to monitor the company's official communications for updates following the January 12 meeting, as the decisions made could significantly impact their shareholding positions and the overall rights issue timeline.

Infibeam Avenues has officially launched RediffPay through its subsidiary Rediff.com India Ltd., positioning it as India's first financial wellness-focused UPI application. The company announced this milestone development following receipt of final approval from the National Payments Corporation of India (NPCI) for its Third-Party Application Provider (TPAP) license.

Regulatory Approval and Testing Phase

The company has received final approval from NPCI for its TPAP license, enabling the rollout of its digital payments platform. Following this regulatory approval, RediffPay has commenced Closed User Group (CUG) testing as an essential step before entering the Unified Payments Interface (UPI) ecosystem. Axis Bank will serve as the Payment System Provider (PSP) bank for the platform.

Financial Wellness and Investment Features

RediffPay aims to blend traditional UPI capabilities with a comprehensive financial wellness proposition. The platform offers several investment products including equities, mutual funds, fixed deposits, and recurring deposits, while enabling users to make bill payments and cross-UPI transactions. "RediffPay is designed to make saving and accessing credit as seamless as making a payment. Financial wellness is as important as health wellness, and we aim to reshape how people perceive UPI — moving from spending alone to saving, investing and inclusive growth," said Vishal Mehta, Chairman and Managing Director, Rediff.com India Ltd.

Credit Line Services and Market Focus

Specifically focused on Tier 2 and Tier 3 cities, the RediffPay platform will enable users to access credit under the Credit Line framework. Under NPCI's Credit Line on UPI framework, users can make merchant payments of up to ₹1,00,000.00 per day and withdraw up to ₹10,000.00 in cash via pre-approved credit lines. This feature aims to expand access to formal credit particularly in smaller towns and cities.

Merchant Onboarding Strategy

The company plans to deepen its market presence by onboarding small, micro, mid, and large merchants across the country. RediffPay will offer UPI QR-code-enabled point-of-sale solutions, integrating merchant credit demand into its UPI ecosystem. The platform will leverage Rediff's existing base of 60.00 million unique visitors and email users.

Strategic Market Position

Rediff.com India Ltd. is a subsidiary of Infibeam Avenues Ltd., which acquired a controlling stake in Rediff in 2024 and holds an 82.00% stake in the company. The launch represents Rediff's strategic entry into the consumer-facing digital payments market, leveraging both companies' combined expertise in fintech and digital platforms to create a comprehensive financial services ecosystem.