Mobavenue AI Tech Limited has announced comprehensive business updates covering multiple strategic initiatives achieved during January 2025 to December 2025, demonstrating significant progress in its transformation into an AI-first technology organization. The company, formerly known as Lucent Industries Limited, has successfully executed several key milestones across international expansion, strategic acquisitions, product launches, and capital market initiatives.

Global Expansion and Strategic Acquisitions

The company has incorporated its first wholly owned subsidiary in the United Kingdom as part of its global expansion strategy. This development supports the company's objective of expanding its international footprint, strengthening partnerships in global markets, and building a borderless ecosystem for advertising and consumer growth platforms.

During the review period, Mobavenue AI Tech completed the acquisition of Mobavenue Media Private Limited, marking a strategic step in its transformation into an AI-first, technology-driven organization. The acquisition strengthens the company's capabilities across digital advertising, mobile marketing, data intelligence, and outcome-led consumer growth platforms, enabling scalable and measurable solutions for enterprises and agencies.

Product Innovation and Industry Recognition

The company has launched OrbitX, an AI-powered search and contextual advertising platform designed to enable performance-driven marketing. OrbitX helps businesses identify, engage, and monetize high-value users across search, native, and social channels, further reinforcing the company's focus on technology-led growth.

Mobavenue's AI technology platforms received industry recognition with the "2025 Champions of Scale" Award by Aerospike, a provider of high-performance real-time database solutions. The award acknowledges the impact of Mobavenue's AI Tech Platforms in empowering businesses worldwide with data-driven, AI-powered advertising solutions that deliver measurable and sustainable outcomes at scale.

Leadership Enhancement and Capital Market Initiatives

The company has appointed Ben John, VP Engineering at Microsoft AI, as Strategic Advisor to Mobavenue. In this role, he will support the company by strengthening industry relationships, providing guidance on accelerating AI-led innovation and deep-tech architecture, and advising on go-to-market initiatives to support global expansion plans.

Mobavenue AI Tech has approved a preferential issue of 9,19,117 equity shares of face value ₹10.00 each at an issue price of ₹1,088.00 per share, aggregating to ₹99,99,99,296.00, subject to approval of BSE and other applicable regulatory authorities. The proceeds from the preferential issue are intended to support strategic acquisitions, technology enhancement, strengthening of AI and data intelligence capabilities, and expansion across domestic and international markets.

Employee Incentive Programs and Future Outlook

The company has approved the introduction and implementation of the 'Mobavenue AI Tech Limited Employee Stock Option Scheme 2025' (ESOP 2025), subject to approval of BSE and other applicable regulatory authorities. The ESOP 2025 provides for the grant of up to 7,50,000 stock options, not exceeding 5% of the paid-up share capital of the company as on March 31, 2025. The scheme has been introduced to attract, retain, and motivate key employees by aligning their interests with the long-term growth of the company.

Looking ahead to FY 2026, the company remains focused on building a technology-first, AI-led ecosystem for advertising, marketing, and consumer growth. Key priorities include scaling global operations, advancing AI and data-driven products, strengthening partnerships, building a sustainable and profitable organization, and prudent execution for long-term business development.

The comprehensive business updates reflect Mobavenue AI Tech's strategic positioning as an AI-driven technology platform, with clear focus on international expansion, product innovation, and sustainable growth across advertising and consumer engagement sectors.

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.