Analysts/Institutional Investor Meet/Con. Call Updates

ABuSgEus Lt i1m7i,t 2e0d26 National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Company Code No.: 539807 MCoummpbaani -y 4 S0y0m 0b5o1l : CCAVENUE Dear SirS/u Mba: dTarman, script of Earnings Conference Call for the quarter ended June 30, 2026 In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,please find enclosed herewith the transcript of the Investor/ Analyst conference call on financial performance of the Company for the quarter ended June 30, 2026 conducted on Tuesday, August 11, 2026, after the meeting of Board of Directors, for your information and records. This transcript is also available on the website of the Company i.e. www.avenuesai.com. We request you to kindly take the same on your records. Thanking you, YFoourrAsv feaintuhfeuslAlyI, 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: th CIN: 28 Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, GIFT CITY, Tel: Fax: Email: Website: Gandhinagar – 382 050, Gujarat, India L64203GJ2010PLC061366 +91 79 67772204 | +91 79 67772205 | ir@avenuesai.com | www.avenuesai.com “AvenuesAI Limited Q1 FY27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. VISHAL MEHTA – CHAIRMAN AND MANAGING DIRECTOR – AVENUESAI LIMITED MR. VISHWAS PATEL – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – AVENUESAI LIMITED MR. SUNIL BHAGAT – CHIEF FINANCIAL OFFICER – AVENUESAI LIMITED MR. B. RAVI – INDEPENDENT CONSULTANT AND ADVISOR CORPORATE AND FINANCIAL STRATEGY – AVENUESAI LIMITED MODERATOR: MR. RAJAT GUPTA – GO INDIA ADVISORS LLP Page 1 of 22 AvenuesAI Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the AvenuesAI Limited Earnings Conference Call Q1 FY27 hosted by Go India Advisors. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rajat Gupta from Go India Advisors. Thank you, and over to you, sir. Rajat Gupta: Yes. Thank you, Anuska. Good evening, everyone, and welcome to AvenuesAI Limited earnings call to discuss the Q1 FY27 results. We have on the call with us today, Mr. Vishal Mehta, Chairman and Managing Director; Mr. Vishwas Patel, Managing Director and Chief Executive Officer; Mr. Sunil Bhagat, Chief Financial Officer; and also Mr. B. Ravi, who is advising AvenuesAI on corporate and financial strategy as an independent consultant. We must remind you that the discussion on today's call may include certain forward-looking statements and must be viewed in conjunction with the risks that the company faces. I now request Mr. Vishal Mehta to take us through the company's business outlook and financial highlights, subsequent to which we'll open the floor for Q&A. Thank you, and over to you, sir. Vishal Mehta: At the outset, I want to let you know that we had strong revenues this quarter. Revenues increased by 109% year-over-year. We have been concentrating on building volumes and absolute profitability, and both have gone in the right direction with the profit after tax going up by 45%. I want to walk you through the AvenuesAI strategy, and we believe we have got 4 focus areas. One is payments, second is consumer, third is intelligence and fourth is credit, and they increasingly reinforce one another. Payments is our foundation. CCAvenue moves money for merchants and continues to fund our investments in the next phase of our business. Consumer is Rediff; Rediff, RediffOne, RediffPay, RediffTV, they give us direct relationship with consumers and business, something most fintech companies simply may not have. Intelligence is Phronetic AI, which is now proposed to be merged with AvenuesAI. We are putting AI on top of transactions, payments and enterprise workflows to create new products and capabilities. Credit is our emerging distribution layer. Through strategic minority investments in regulated financial institutions, we can distribute credit without putting lending risk on AvenuesAI balance sheet. The important point is that these are no longer separate businesses. They're becoming one integrated platform. We've been building Rediff into a broader consumer and enterprise platform. RediffPay is progressing well as our UPI-based consumer payments platform. It will be out of CUG this month and into production. RediffOne is evolving into an operating platform for businesses bringing together commerce, communication, compliance and intelligence. Page 2 of 22 AvenuesAI Limited August 11, 2026 RediffTV as in news and RediffGurus, they add content and community. The opportunity is therefore much bigger than legacy Rediff business. We are connecting Rediff's consumers and business with AvenuesAI learning from payments and AI capabilities and unlocking value from the ecosystem. AI is the next layer of payments. We believe the next generation of payments will not simply move money faster, it will enable machines to transact. Through Phronetic AI, we launched PayCentral, which we believe is India's first agentic payment platform built on Google's Agent Payments Protocol. It enables AI agents to transact directly with one another without requiring a person to manually initiate every payment. Think of it simply, an AI agent understands the intent, finds the product or service, makes the decision and completes the payment. We call this Uberizing payments, removing the friction between intent, commerce and payment without replacing the merchant or the consumer. We believe this can now become a layer of digital commerce. That is the reason why we've changed our name from Infibeam Avenues to AvenuesAI. We are no longer a payments company that does AI. We are building AI-first fintech infrastructure company that started with payments. Payments give us scale, Rediff gives us consumers and enterprises. AI gives us intelligence and credit partnership gives us access to financial products without balance sheet lending risk. This is the ecosystem we are building. In the first quarter FY27, we actually made meaningful progress across each of these pillars. We received in-principle approval from Central Bank of UAE for Retail Payment Services, which is a Cat III license for Avenues. UAE is already one of our strongest international markets. The license will allow us to broaden our customer reach and product suite and strengthen our long- term international payment strategy. In India, RBI authorized AvenuesAI to set up payment system for issuance and operations of prepaid payment instruments. These approvals further strengthen our regulated payments infrastructure across India and international market. In terms of our asset-light expansion on credit, we've moved from strategy to execution in credit. We have progressed well in proposed investments of up to 2.5% in RatnaFin Capital, which is an RBI registered NBFC with a very strong SME lending franchisee. We also approved a strategic investment of up to 7% in online PSB loans, India's largest public sector-backed digital credit platform. Our model is deliberately asset-light. AvenuesAI provides AI payments infrastructure and merchant distribution. Regulated partners provide the balance sheet and underwriting. This allows us to participate in India's digital credit opportunity without taking lending risk onto our own balance sheet. As far as trust is concerned, on the intelligence side, we are building another important capability. Enterprise AI that stays inside the enterprise. Through Phronetic AI, we are developing on-pre [Showing first 8,000 characters — download PDF for full document]