Infibeam Avenues Limited — Board Meeting, 08-08-2025: Outcome of Board Meeting

Infibeam Avenues has announced a board meeting, approving its consolidated financial results for Q1 FY26. Gross Revenue surged 72% YoY to ₹1,280.2 Cr, with Profit After Tax up 70% YoY to ₹85.5 Cr. The board also approved a significant increase in Authorized Share Capital from ₹350 Cr to ₹700 Cr, subject to shareholder nod.

A major strategic move includes transferring its Platform Business to subsidiary Rediff.com for ₹800.39 Cr, a mix of cash and new equity shares. This will boost Infibeam's stake in Rediff.com to over 83% and allows Infibeam to sharpen its focus on payments and AI. The 15th AGM is set for September 29, 2025.