Mobavenue AITech's Subsidiary Inks MOU with Andhra Pradesh's KADA for Digital Promotion

Mobavenue AI Tech announced that its wholly owned subsidiary, Mobavenue Media Private Limited, has entered into a strategic partnership with the Kuppam Area Development Authority (KADA) of Andhra Pradesh. The collaboration, formalized through a Memorandum of Understanding (MOU) signed on November 26, 2025, aims to boost the digital presence and awareness of the Kuppam region.

Key Highlights of the MOU

Parties Involved: Mobavenue Media Private Limited and Kuppam Area Development Authority (KADA)
Signing Date: November 26, 2025
Primary Objective: Promote awareness of the Kuppam region across digital media channels

Scope of the Initiative

The 'Discovery of Kuppam' initiative, as outlined in the MOU, will leverage Mobavenue's digital platform to showcase various aspects of the Kuppam region, including:

Focus Areas	Description
Tourism	Highlighting tourist attractions and cultural heritage
Healthcare	Promoting healthcare facilities and initiatives
Education	Showcasing educational institutions and opportunities
Sanitation	Emphasizing sanitation projects and awareness
Public Amenities	Featuring public infrastructure and facilities
Political Governance	Highlighting local governance structures
Public Welfare Schemes	Promoting various welfare programs

This collaborative effort is expected to enhance the digital footprint of the Kuppam region, potentially attracting more attention to its development initiatives and opportunities.

Strategic Implications

For Mobavenue AI Tech, this partnership represents an opportunity to demonstrate the capabilities of its digital media platform in the public sector. It also aligns with the trend of leveraging technology for regional development and governance transparency.

The company's management views this MOU as a step towards expanding its presence in government-led digital initiatives, which could open doors for similar projects in other regions.

While the financial terms of the MOU were not disclosed, such partnerships may lead to long-term revenue opportunities and enhanced brand visibility for technology providers like Mobavenue AI Tech.

Investors and stakeholders may be interested in observing how this collaboration unfolds and its potential impact on Mobavenue AI Tech's market position in the digital media and technology sectors.

Note: This article is based on the information provided in the company's disclosure and does not include any forward-looking statements or financial projections.

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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.

Resolution Type	Description	Status
Ordinary Resolution	Increase in Authorized Share Capital	Passed
Special Resolution	Office Relocation to Maharashtra	Passed
Special Resolution	Preferential Issue of Equity Shares	Passed
Special Resolution	ESOP Scheme 2025 Implementation	Passed
Special Resolution	ESOP Extension to Subsidiaries	Passed
Ordinary Resolution	Loan from Director Ishank Joshi	Passed
Ordinary Resolution	Loan from Director Kunal Kothari	Passed
Ordinary Resolution	Loan from Director Tejas Rathod	Passed

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.

Parameter	Details
Total Amount	Rs 99.99 crore
Number of Shares	9,19,117
Issue Price	Rs 1,088.00 per share
Investor Category	Non-promoter investors
Voting Support	1,11,04,342 votes in favour

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.

Voting Metrics	Details
E-voting Period	December 16-18, 2025
Platform	NSDL
Scrutinizer	CS Sandhya Malhotra
Cut-off Date	November 21, 2025
Meeting Mode	Video Conferencing

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.