Mobavenue AI Tech Limited has successfully concluded its extraordinary general meeting (EGM) held on December 19, 2025, with shareholders approving all proposed resolutions including a significant Rs 99.99 crore capital raise and strategic business initiatives. The company submitted voting results to BSE on December 22, 2025, confirming unanimous approval across all agenda items.

EGM Resolutions and Voting Results

All eight resolutions presented at the EGM were passed with requisite majority through e-voting conducted via NSDL platform. The e-voting period ran from December 16-18, 2025, with results scrutinized by CS Sandhya Malhotra of Manish Ghia Associates.

Capital Raise Details

The approved preferential issue will raise Rs 99.99 crore through issuance of 9,19,117 equity shares at Rs 1,088.00 per share to non-promoter investors. This substantial capital infusion is expected to support the company's growth initiatives in AI-powered advertising and marketing solutions.

Strategic Initiatives Approved

Shareholders endorsed the Mobavenue AI Tech Employee Stock Option Scheme 2025 (ESOP 2025) covering 7.5 lakh options, demonstrating commitment to employee retention and motivation. The scheme will also extend to eligible employees of subsidiary and associate companies.

The company received approval for office relocation from Madhya Pradesh to Maharashtra, aligning with its strategic focus on key business hubs. Additionally, shareholders approved unsecured loans totaling Rs 60 crore from three directors - Ishank Joshi, Kunal Kothari, and Tejas Rathod.

Voting Participation and Governance

The EGM showcased strong shareholder participation with over 1.11 crore votes cast in favour of most resolutions. For director loan resolutions, approximately 9.63 lakh votes supported each proposal, with some votes declared invalid due to related party transaction protocols.

Business Outlook

With all strategic resolutions approved, Mobavenue AI Tech is positioned to accelerate its growth in the AI-powered marketing technology space. The capital raise, combined with the ESOP scheme and operational restructuring, provides a strong foundation for expanding the company's digital advertising capabilities and market presence.

The unanimous shareholder support reflects confidence in management's strategic direction as the company focuses on leveraging AI technologies for measurable and scalable growth solutions in the evolving digital advertising landscape.

Mobavenue, a global AI-powered AdTech and Consumer Growth company, has made a significant move to bolster its leadership by appointing Ben John, VP Engineering at Microsoft AI, to its Advisory Board. This strategic addition aims to accelerate Mobavenue's AI-led innovation and expand its global presence.

Key Highlights of the Appointment

• Role: Ben John will serve as a strategic advisor to Mobavenue.
• Focus Areas:
  • Strengthening industry connections
  • Guiding AI-led innovation and deep-tech architecture
  • Advising on go-to-market initiatives for global scaling

Ben John's Impressive Background

Ben John brings over two decades of experience in building large-scale platforms and is a respected leader in AI and advertising technology. His credentials include:

Additionally, Ben holds a Ph.D. in Computer Science with a specialization in machine learning and big data mining. He is also the founder of the Invest to Impact Network Foundation (ITOI), a non-profit focused on leveraging technology for positive social change.

Impact on Mobavenue

Ishank Joshi, MD and CEO of Mobavenue, expressed enthusiasm about the appointment, stating, "We are honored to have Ben join us. His deep expertise and global perspective will be invaluable as we expand our innovation pipeline, attract global partnerships, and accelerate our impact across international markets."

Mobavenue's Vision and Growth

Mobavenue is rapidly expanding its global footprint, with a strong presence in India. The company is committed to:

• Building world-class AI-powered solutions from India for the global market
• Empowering businesses, media agencies, and publishers with measurable outcomes
• Unifying data, artificial intelligence, and media outcomes into a powerful platform

Looking Ahead

With Ben John's appointment, Mobavenue is poised to enhance its AI-driven solutions and strengthen its position in the global AdTech and Consumer Growth sectors. This move aligns with the company's mission to transform digital advertising into measurable results across the entire consumer journey.

As Mobavenue continues to grow, industry watchers will be keen to observe how this strategic addition to the Advisory Board influences the company's innovation trajectory and market expansion efforts.