Statement of deviation(s) or variation(s) under Reg. 32

August 11, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Company Code No.: 539807 Company Symbol: CCAVENUE Sub: Statement of Deviation(s) or Variation(s) in Utilisation of Funds raised through Rights Issue for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”) read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we hereby confirm that there was no deviation or variation in the use of proceeds of funds raised through Rights Issue of Equity Shares, from the objects stated in the Letter of Offer dated June 19, 2025. A Statement of deviation or variation, if any for the quarter ended June 30, 2026, is duly reviewed by the Audit Committee of the Company and approved by the Board of Directors at its meeting held on August 11, 2026. The same is enclosed herewith in the prescribed format as Annexure - A. The aforesaid information is also available on the website of the Company at www.avenuesai.com. We request you to kindly take the same on your records. Thanking you, Yours faithfully, For AvenuesAI Limited (Formerly known as Infibeam Avenues Limited) Shyamal Trivedi Sr. Vice President & Company Secretary Encl.: As above AvenuesAI Limited (Formerly known as Infibeam Avenues Limited) Regd. Office: 28th Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Gandhinagar – 382 050, Gujarat, India CIN: L64203GJ2010PLC061366 Tel: +91 79 67772204 | Fax: +91 79 67772205 | Email: ir@avenuesai.com | Website: www.avenuesai.com Annexure – A STATEMENT OF DEVIATION OR VARIATION FOR THE PROCEEDS OF RIGHTS ISSUE Statement on deviation / variation in utilisation of funds raised Name of Listed Entity (Formerly known as Infibeam Avenues Limited) Mode of Fund Raising AvenuesAI Limited Date of Raising Funds Amount Raised Rights Issue Amount Received on Application July 15, 2025 Amount Received on First and Final Call Rs. 69,998.57 Lakhs Report filed for Quarter ended Rs. 34,999.29 Lakhs Monitoring Agency Rs. 34,598.71 Lakhs Monitoring Agency Name, if applicable June 30, 2026 Is there a Deviation / Variation in use of funds raised Applicable If yes, whether the same is pursuant to change in terms CARE Ratings Limited of a contract or objects, which was approved by the No shareholders Not Applicable If Yes, Date of shareholder Approval Explanation for the Deviation / Variation Comments of the Audit Committee after review Not Applicable Comments of the auditors, if any Not Applicable No Comments No Comments Objects for which funds have been raised and where there has been a deviation, in the following table Origi n a l O b j e c t M o d i f i e d Origi nal Modifie d F unds Am ount of (Rs. InR Leamkhasr) Object, if Allocation allocation, Utilised Deviation/Vari ks if any if any ation for the any quarter according to applicable object Investment in our wholly owned Not 6,984.00 Not 6,984.00 Not Applicable - subsidiary, Infibeam Projects Applicable Applicable Management Private Limited for partial repayment or prepayment of secured loans availed by it Further investment in our Not 29,399.59 Not 944.00 Not Applicable - subsidiary, Nueromind Applicable Applicable Technologies Private Limited for advanced technology development and AI Software related work Further investment in Not 8,766.40 Not 7,670.00 Not Applicable - subsidiary, Rediff.com India Applicable Applicable Limited for expansion of digital and payment ecosystem Funding of acquisitions of Not 24,388.58 Not 16,933.84 Not Applicable - unidentified businesses for Applicable Applicable future growth and other business initiatives, and General Corporate Purposes AvenuesAI Limited (Formerly known as Infibeam Avenues Limited) Regd. Office: th CIN: L64203GJ2010PLC061366 28 Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Tel: Fax: Email: Website: Gandhinagar – 382 050, Gujarat, India +91 79 67772204 | +91 79 67772205 | ir@avenuesai.com | www.avenuesai.com Deviat ion or variation could mean: – Not Applicable – Not a) DApevpilaitciaobnl ien the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed or – Not Ap plicable c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. For,AvenuesAI Limited (Formerly known as Infibeam Avenues Limited) Shyamal Trivedi Sr. Vice President & Company Secretary AvenuesAI Limited (Formerly known as Infibeam Avenues Limited) Regd. Office: th CIN: L64203GJ2010PLC061366 28 Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Tel: Fax: Email: Website: Gandhinagar – 382 050, Gujarat, India +91 79 67772204 | +91 79 67772205 | ir@avenuesai.com | www.avenuesai.com