AvenuesAI Limited (CCAVENUE)

AvenuesAI Limited (formerly Infibeam Avenues) published the transcript of its Q2 FY2027 earnings conference call. Consolidated Q2 revenue rose 47% YoY to ₹2,879 crore, while PAT grew 6% YoY to ₹72 crore. For H1 FY2027, revenue reached ₹5,560 crore (up 71% YoY) and PAT stood at ₹156 crore (up 24% YoY). Payments processing volume expanded 19% QoQ to ₹1.77 lakh crore, though management acknowledged take-rate compression down to 5.06 bps due to aggressive competitive pricing.

• Q2 FY2027 revenue increased 47% YoY to ₹2,879 crore, while PAT grew 6% to ₹72 crore
• H1 FY2027 revenue surged 71% YoY to ₹5,560 crore with operating EBITDA up 19% to ₹199 crore
• Total payments processing volume reached ₹1.77 lakh crore in Q2, growing 19% sequentially
• Net take rate stood at 5.06 basis points, reflecting deliberate competitive pricing pressure
• Company holds ~82% stake in Rediff, integrating it as a core digital ecosystem and communications platform

AvenuesAI Limited (formerly Infibeam Avenues Limited) submitted its quarterly statement of deviation or variation under Regulation 32 for the quarter ended September 30, 2026. The company confirmed that there was no deviation or variation in the utilisation of proceeds from its Rights Issue against the stated objects in the Letter of Offer dated June 19, 2025. Total funds raised under the Rights Issue were ₹69,998.57 Lakhs, with ₹34,999.29 Lakhs received on application and ₹34,652.13 Lakhs on the first and final call. The monitoring agency for the issue is CARE Ratings Limited.

• Confirmed zero deviation or variation in the use of Rights Issue proceeds for the quarter ended September 30, 2026
• Total Rights Issue size amounted to ₹69,998.57 Lakhs raised on July 15, 2025
• Amount received on application stood at ₹34,999.29 Lakhs
• Amount received on first and final call stood at ₹34,652.13 Lakhs
• Monitoring agency CARE Ratings Limited reviewed the fund deployment

AvenuesAI Limited (formerly Infibeam Avenues) published its Q2 FY27 earnings presentation, outlining full-year FY27 gross revenue guidance of ₹11,000 to ₹13,000 crore (compared to FY26 actual of ₹8,115.8 crore) and an EPS guidance of ₹8.75 to ₹9.50 (post corporate action face value of ₹10). The company highlighted an annualized Total Payment Volume (TPV) run-rate of approximately ₹10 trillion across 10+ million online and offline merchants. Key commercial initiatives include the rollout of the CCAvenue AI Suite and broader merchant enablement of Apple Pay, alongside targeting a 12-15% international contribution to net payments revenue by FY28.

• FY27 gross revenue guidance set at ₹11,000 Cr to ₹13,000 Cr vs ₹8,115.8 Cr in FY26
• Guided FY27 EPS of ₹8.75 to ₹9.50 based on post-corporate-action face value of ₹10
• Processes an annualized TPV run-rate of ~₹10 trillion across 10+ million merchants
• Targets 12-15% international contribution to payments net revenue by FY28
• Expanded Apple Pay across its merchant network following Global Fintech Fest 2026

AvenuesAI Limited (formerly Infibeam Avenues) reported standalone revenue from operations of ₹27,304.5 million (₹2,730.5 cr) for Q2 FY27, up 48.3% YoY from ₹18,417.3 million. Standalone profit after tax from continuing operations stood at ₹247.4 million (₹24.7 cr), down 20.1% YoY from ₹309.7 million due to lower net take rates despite a 19% sequential rise in payments TPV. The company reiterated its FY27 consolidated revenue guidance of ₹11,000 cr to ₹13,000 cr. Additionally, XDuce ceased to be an associate after AvenuesAI's stake diluted from 20.00% to 19.75%.

• Q2 FY27 standalone revenue from operations rose 48.3% YoY to ₹27,304.5 million from ₹18,417.3 million
• Standalone profit after tax from continuing operations stood at ₹247.4 million vs ₹309.7 million in Q2 FY26
• Payments TPV grew 19% QoQ, but net take rates compressed by approximately 4%
• Reiterated consolidated FY27 revenue guidance of ₹110,000 million to ₹130,000 million (₹11,000 - ₹13,000 cr)
• Indirect stake in associate XDuce Corporation diluted from 20.00% to 19.75%, ceasing its associate status

AvenuesAI Limited (formerly Infibeam Avenues Limited) has dispatched forfeiture notices to shareholders holding 69,43,139 partly paid-up equity shares of Re. 1 face value each. This follows non-payment of the First and Final Call money by the final deadline of August 31, 2026, despite four prior reminders. The Rights Issue Committee had formally approved this forfeiture on September 11, 2026, leading to the cancellation of shareholder rights and amounts previously paid on these shares.

• 69,43,139 partly paid-up equity shares forfeited by the company
• Shares have a face value of Re. 1/- each, issued under the Letter of Offer dated June 19, 2025
• Shareholders failed to pay First and Final Call money despite 4 reminders
• Final payment window closed on August 31, 2026; committee approved forfeiture on September 11, 2026

AvenuesAI Limited (formerly Infibeam Avenues Limited) has fixed Tuesday, October 13, 2026, as the record date for consolidating its equity shares. The consolidation will convert every 10 equity shares of face value Re 1 each into 1 equity share of face value Rs 10 each fully paid up. The decision was approved by the Board of Directors via a circular resolution passed on October 01, 2026. This corporate action alters the total share count and face value without impacting the company's underlying market capitalisation of Rs 5,344 crore or business fundamentals.

• Consolidation ratio of 10 equity shares of face value Re 1 into 1 equity share of face value Rs 10
• Record date fixed as Tuesday, October 13, 2026
• Approved via circular resolution passed on October 01, 2026

AvenuesAI Limited (formerly Infibeam Avenues) announced the voting results of its 16th AGM held on September 29, 2026. Shareholders approved all agenda items, including the adoption of FY26 financial statements, remuneration revisions for Managing Directors Vishal Mehta and Vishwas Patel, and the consolidation of the face value of equity shares. Resolution 7 regarding share consolidation passed with 99.93% votes cast in favor. A total of 56.03% of outstanding shares were polled on key general resolutions.

• AGM held on September 29, 2026, with 7,35,495 total shareholders as of the September 22, 2026 cut-off date
• Share consolidation resolution (Resolution 7) approved with 99.9338% votes cast in favor (1,95,56,73,367 votes)
• Alteration to Capital Clause in MOA (Resolution 8) approved with 99.9802% votes cast in favor
• Remuneration revisions for MD Vishal Mehta and MD & CEO Vishwas Patel approved via special resolutions

AvenuesAI Limited (formerly Infibeam Avenues) conducted its 16th Annual General Meeting on September 29, 2026. Shareholders considered eight key resolutions, including adoption of FY26 financial statements, share face value consolidation, and alterations to the Memorandum of Association capital clause. Key special resolutions also addressed changes in the objects of the Rights Issue from the June 19, 2025 Letter of Offer and executive remuneration revisions for Managing Directors Vishal Mehta and Vishwas Patel. Detailed voting results under Regulation 44 will be submitted separately.

• Conducted 16th AGM on September 29, 2026 between 11:00 AM and 11:18 AM
• Remote e-voting was open from September 25, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
• Transacted 8 resolutions covering FY26 accounts, share consolidation, and Rights Issue object variations
• Share consolidation and MoA capital clause alteration were placed for approval

AvenuesAI Limited (formerly Infibeam Avenues) announced the outcome of its Rights Issue Committee meeting held on September 11, 2026. The committee approved the conversion of 10,68,411 partly paid-up equity shares into fully paid-up shares following the receipt of the First and Final Call money of Rs 5 per share. Concurrently, 69,43,139 partly paid shares were forfeited due to non-payment of call dues by the August 31, 2026 deadline. Out of the total 69.99 crore partly paid shares issued, 69.30 crore (99.01%) have now been successfully converted into fully paid shares.

• Approved conversion of 10,68,411 partly paid shares into fully paid-up equity shares at Rs 5 per share
• Forfeited 69,43,139 partly paid equity shares due to non-payment of call money as of August 31, 2026
• Cumulative 69,30,42,584 shares successfully converted out of 69,99,85,723 total rights issue shares (~99.01% success)
• Call money consisted of Rs 0.50 towards face value and Rs 4.50 towards securities premium per share

AvenuesAI Limited (formerly Infibeam Avenues Limited) has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. The company reported a merchant network exceeding 10 million as of March 2026 across 28 states and 8 Union Territories in India and 4 international markets. Digital payments and checkout web services accounted for 100% of standalone business turnover, with exports representing 1.54%. The company reported zero data breaches and handled 1,885 Online Dispute Resolution (ODR) complaints during FY26 compared to 2,543 in FY25.

• Active merchant base exceeded 10 million as of March 2026, primarily comprising MSMEs
• Digital payments and checkout web services contributed 100% of the entity's standalone turnover
• Total permanent workforce stood at 624 employees (24% female) with an annual turnover rate of 31%
• Reported zero data breaches and zero customer complaints on data privacy or cyber-security
• Handled 1,885 Online Dispute Resolution (ODR) complaints in FY26, down from 2,543 in FY25

AvenuesAI Limited (formerly Infibeam Avenues) has scheduled its 16th Annual General Meeting (AGM) for September 29, 2026, via video conferencing, with remote e-voting active from September 25 to September 28, 2026. The accompanying FY26 Annual Report recaps annual performance, including Payments TPV growth of 55% to ₹5,038 billion and consolidated gross revenue reaching ₹81,158 million. The report also highlights the completed strategic transfer of its E-commerce Platform business to Rediff.com for ₹800.39 crore, increasing its stake to ~82.7%.

• 16th AGM convened for September 29, 2026, with e-voting cut-off on September 22, 2026
• FY26 Payments Transaction Processing Value (TPV) reached ₹5,038 billion (+55% YoY)
• FY26 Consolidated Gross Revenue grew 103% to ₹81,158 million; Net Revenue grew 15% to ₹6,031 million
• Completed transfer of E-commerce Platform Infrastructure to Rediff.com valued at ₹800.39 crore

AvenuesAI Limited (formerly Infibeam Avenues) has published the audio recording of its investor conference call held on August 11, 2026. The call discussed the financial results for the quarter ended June 30, 2026, which were approved by the board on the same day. With a TTM revenue of Rs 8,116 Cr and a current market cap of Rs 5,632 Cr, the company maintains a thin operating margin of 4.3%. This filing is a standard regulatory requirement under SEBI LODR regulations to ensure transparency.

• Audio recording link provided for the Q1 FY27 earnings call held on August 11, 2026
• TTM revenue for the company stands at Rs 8,116 Cr
• Operating profit margin (OPM) is currently 4.3% as per TTM data
• Market capitalization is approximately Rs 5,632 Cr at a current price of Rs 16.4

AvenuesAI Limited (formerly Infibeam Avenues) has issued a last and final reminder for the payment of ₹5 per share call money on rights shares allotted in July 2025. The payment period is scheduled from August 17, 2026, to August 31, 2026. Shareholders who fail to pay the outstanding amount (₹0.50 face value and ₹4.50 premium) will face forfeiture of their partly paid-up shares and any previously paid amounts. This follows three prior reminders issued between November 2025 and February 2026.

• Final call money of ₹5 per share is due, comprising ₹0.50 face value and ₹4.50 securities premium
• Payment window is open for 15 days from August 17, 2026, to August 31, 2026
• Shares were originally allotted on July 15, 2025, pursuant to a Rights Issue dated June 19, 2025
• This is the fourth and final notice following previous reminders in Nov 2025, Jan 2026, and Feb 2026
• Failure to pay by the deadline will result in the absolute forfeiture of the shares and all money already paid on them

AvenuesAI Limited (formerly Infibeam Avenues) has confirmed that there was no deviation or variation in the utilization of ₹69,998.57 Lakhs raised through its July 2025 Rights Issue. For the quarter ended June 30, 2026, the company reported that all funds were deployed according to the objects stated in the Letter of Offer. The monitoring agency, CARE Ratings Limited, and the company's Audit Committee have reviewed and approved this status, ensuring transparency in capital deployment.

• Total funds raised through the Rights Issue amounted to ₹69,998.57 Lakhs
• Zero deviation reported in the utilization of proceeds for the quarter ended June 30, 2026
• ₹34,598.71 Lakhs was received specifically through the first and final call process
• Monitoring agency CARE Ratings Limited oversaw the fund utilization process