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AmalgamatedEntityDomain1

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AmalgamatedEntityDomain1

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AmalgamatedEntityDomain2

5398072026-08-11

AmalgamatedEntityDomain2

xbrli:purexbrli:shares

539807

AvenuesAI Limited (Formerly known as Infibeam Avenues Limited)

CCAVENUE

NOTLISTED

INE483S01020

New

Amalgamation/ Merger

true

2026-08-11

14:10:00

2026-08-11

Nueromind Technologies Private Limited

Transferor

Subsidiary

48000000

11223

AveuesAI Limited (Formerly known as Infibeam Avenues Limited)

Transferee

Listed Entity (self)

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true

2026-08-11

false

true

Transferor Company is the Wholly Owned Subsidiary of the AvenuesAI Limited, Holding Company and accordingly are Related Parties to each other. However, the said transaction shall not attract compliance with the requirements of Section 188 of the Companies Act, 2013 pursuant to the clarification issued by the Ministry of Corporate Affairs, vide its General Circular No. 30/2014 dated July 17, 2014. Further, pursuant to Regulation 23(5)(b) of the Listing Regulations, Related Party Transaction provisions are not applicable to the said Scheme, as the same is between the Holding Company and its Wholly Owned Subsidiary. The Scheme is also exempt from the provisions of SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023.

true

Transferor Company is engaged in the business of research, development, design, and creation of large artificial intelligence and machine learning applications. Transferee Company is engaged in the business of offering comprehensive digital payment and artificial intelligence (AI) solutions across industry verticals. The Transferee Company’s payment infrastructure suite includes acquiring and issuing solutions, as well as core payment infrastructure for banks. Transferee Company’s flagship brand CCAvenue powers one of India’s largest Payment Gateway (PG) platforms, offering over 200 payment options that enable merchants to accept payments through websites and mobile devices in 27 international currencies.

The Transferor Company is wholly owned subsidiary of the Transferee Company. Accordingly, the Scheme shall result into following benefits: • Simplification and rationalisation of the group holding structure by reducing the number of legal entities and eliminating multiple layers within the group, resulting in a leaner and more transparent corporate structure; • Consolidation of complementary and allied businesses under a single entity, leading to greater integration, pooling of managerial, technical, financial and other resources, and a stronger and more focused business platform through administrative and operational convenience; • Rationalisation and reduction of administrative, managerial, legal, statutory, regulatory and compliance costs, and elimination of duplication of effort and multiplicity of records, filings and reporting obligations; and • Reduction in time and efforts for consolidation of financials at the group level.

Others

Not Applicable since the Transferor Company is Wholly Owned Subsidiary of the Transferee Company. Accordingly, upon the Scheme becoming effective, there shall not be any issuance of shares of the Transferee Company. Similarly, there shall not be any other consideration in form of Cash payable pursuant to the Scheme.

Not Applicable since the Transferor Company is a Wholly Owned Subsidiary of the Transferee Company. Accordingly, upon the Scheme becoming effective, no shares of the listed Transferee Company shall be allotted. Hence, there will be no change in the shareholding pattern of the listed Transferee Company.