Infibeam Avenues Limited announced significant strategic decisions during its board meeting held on December 11, 2025, marking a transformational shift toward artificial intelligence and advanced technology solutions. The comprehensive changes reflect the company's evolution from a digital payments provider to an AI-first technology enterprise.

Leadership Restructuring and Strategic Appointments

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the elevation of Vishwas Ambalal Patel from Joint Managing Director to Managing Director and Chief Executive Officer for a five-year term effective December 11, 2025. As Managing Director CEO, Patel will assume full responsibility for day-to-day operations and execution of the company's strategic plans, reporting directly to the Board.

Patel currently serves as Chairman of Payments Council of India (PCI), the primary industry body representing digital payments providers in India. With 23 years of experience in the digital payments industry, he emphasized that "This shift is not incremental, it is foundational. AI is no longer an enabler, it is central to who we are and what we are building."

According to Chairman and Managing Director Vishal Mehta, "With our strategic transformation complete and the Company entering a phase of accelerated AI-led growth, this is the right moment for Vishwas Patel to assume the role of MD CEO. His deep understanding of the payments business, strong merchant relationships, and ability to execute at scale make him the ideal leader for this next phase of growth."

New Independent Director Appointment

Simultaneously, the board appointed Ms. Neharika Vohra (DIN: 06808439) as Additional Woman Director (Non-Executive and Independent) for a five-year term beginning December 11, 2025. Vohra is currently a Professor in the Organizational Behaviour Area at Indian Institute of Management, Ahmedabad.

Dr. Vohra brings decades of scholarship and industry engagement to the board. A prolific scholar, she has published over 70 papers, authored 30 management cases, and co-written leading management textbooks. She has been deeply involved with IIMA Ventures, supporting entrepreneurship and innovation, and has advised numerous organisations on organisational development.

Strategic Name Change to Avenues AI Limited

The board approved changing the company name from Infibeam Avenues Limited to Avenues AI Limited, subject to shareholder approval, Ministry of Corporate Affairs consent, and other applicable statutory authorities. This rebranding signals evolution from payment and e-commerce infrastructure pioneer to an AI-driven digital payments and fintech powerhouse.

The board approved significant amendments to the Main Object Clause III(A) of the Memorandum of Association, expanding the company's business scope to include research, development, design, and creation of machine learning applications, real-time AI-driven decision-making technologies, and Software as a Service (SaaS) for large AI models and applications.

Market Position and Performance

The company maintains an international footprint with operations in the United Arab Emirates, Saudi Arabia, Australia, and the United States, and a presence in Oman in collaboration with three of the country's largest banks. The company processed transactions worth ₹8.67 trillion in FY25 across payments and platforms and serves over 10 million clients.

Infibeam Avenues Limited has reported a significant change in its promoter group shareholding structure. The company received an intimation on November 26, 2025, regarding the transmission of shares from a deceased member of the Promoter Group to their legal heir.

Key Details of the Share Transmission

Implications for Promoter Group Classification

As a result of this transmission, Ms. Shetal Samirbhai Patel will now be classified as a member of the Promoter Group, in accordance with Regulation 31A(6)(a) of the SEBI Listing Regulations. This change reflects the company's commitment to maintaining transparency in its shareholding structure and complying with regulatory requirements.

Continued Classification of Deceased Member

Late Mr. Subhashchandra R. Amin will continue to be classified as part of the Promoter Group until the transmission of all shares held by him is completed. This approach ensures a smooth transition and maintains clarity in the company's shareholding pattern.

Update in Shareholding Pattern

Infibeam Avenues has announced that the updated and accurate promoter and promoter group shareholding will be reflected in the shareholding pattern for the quarter ending December 31, 2025. This timely disclosure allows investors and stakeholders to stay informed about the changes in the company's ownership structure.

Compliance with Regulatory Requirements

The company's prompt disclosure of this share transmission aligns with the requirements set forth by the Securities and Exchange Board of India (SEBI) under Regulations 30 and 31A of the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This adherence to regulatory norms underscores Infibeam Avenues' commitment to corporate governance and transparency.

Investors and stakeholders can access additional details about this share transmission on the company's official website at www.ia.ooo .