Infibeam Avenues seeks shareholder approval for name change to AvenuesAI Limited
Infibeam Avenues Limited has announced a postal ballot notice to its shareholders seeking approval for several key resolutions. The primary resolution is to change the company's name from "Infibeam Av...
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Why is Infibeam Avenues Limited in the news today?
Infibeam Avenues Limited (INFIBEAM) is in the news due to the announcement pertains to internal corporate restructuring and appointments, which are standard procedures and do not inherently indicate positive or negative performance.
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Infibeam Avenues seeks shareholder approval for name change to AvenuesAI Limited
December 17, 2025, 12:14 PM
Infibeam Avenues Limited has announced a postal ballot notice to its shareholders seeking approval for several key resolutions. The primary resolution is to change the company's name from "Infibeam Avenues Limited" to "AvenuesAI Limited", reflecting its evolution into an AI-led digital payment technology company. This change also necessitates alterations to the Memorandum and Articles of Association.
In addition to the name change, shareholders will vote on altering the object clause of the Memorandum of Association to include business activities related to AI and machine learning applications, including Software as a Service (SaaS) for AI models. The company also proposes elevating Mr. Vishwas Ambalal Patel from Joint Managing Director to Managing Director and Chief Executive Officer for a period of 5 years, effective December 11, 2025. Furthermore, Dr. Neharika Vohra is proposed for appointment as an Independent Director for a term of 5 years, from December 11, 2025, to December 10, 2030.
The e-voting period for the postal ballot will commence on December 18, 2025, at 9:00 a.m. IST and conclude on January 16, 2026, at 5:00 p.m. IST. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period. The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting facility.
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