Infibeam Avenues Limited — Important, 06-03-2025: Diversification/Disinvestment

Infibeam Avenues Limited's Board has appointed Ms. Girija Krishan Varma as an Additional Non-Executive and Independent Director for a five-year term, pending shareholder approval. The company will also divest its 49% stake in Pirimid Technologies to its subsidiary, Rediff.com India Limited, for consideration not exceeding ₹27 crore; this move will transition Pirimid to an independent entity. The Board has approved a Postal Ballot Notice for shareholders. These updates could enhance governance with new expertise while potentially streamlining operations and providing liquidity from the divestment, suggesting a positive outlook for investors.