Press Release titled Mobavenue AI Tech Limited announces Board approval for Stock Split of Equity Shares
SPLIT
◆ Monitor Closely
LOW RISK
📅 Filed on BSE: 18 Mar 2026, 05:20 PM IST · BSE ID: 6cbe1cd0-4118-4af5-8cea-161d4a4984f9
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board decided to split each share into 5 smaller shares; shareholders must vote to approve it.
🤖 AI Summary
- Board approved 1:5 stock split converting Rs. 10/- face value shares into Rs. 2/- shares
- Shareholder approval required before implementation; record date and timeline not yet announced
- Company scaling AI-powered advertising platform across geographies and revenue channels
- Management citing stock split as extension of growth strategy and capital market objectives
- Company investing in predictive audience intelligence and real-time campaign optimization capabilities
🔢 Key Numbers — exact figures from BSE filing, not rounded
Current face value per share
Rs. 10/-
Post-split face value per share
Rs. 2/-
🏢 How This Affects the Company
Stock split completion depends on shareholder approval and regulatory clearances; execution risk until these are obtained.
👥 What This Means For Shareholders
✅
Action Required
Shareholder vote required at upcoming meeting; timeline and voting date to be announced separately.
👤
Who Is Affected
All existing equity shareholders. Each share held will convert into 5 shares post-approval. No change to proportional ownership.
🔍
Management Signal
Management views stock split as supporting enhanced market participation and capital market positioning amid platform scaling.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder meeting announcement — check date, agenda, and voting logistics for approval
Record date filing — Reg 30 disclosure when record date is set for split execution
Effective date confirmation — when split becomes live on stock exchange and demat accounts
LOW RISK
Stock split is routine capital structure action; standard regulatory pathway. No financial or operational risk identified.
💡 Investor Takeaway
Board approved 1:5 stock split on 18 March 2026 converting Rs. 10/- shares into Rs. 2/- shares. Shareholder approval and regulatory clearances remain pending. No implementation timeline or record date disclosed yet. Shareholder meeting date required.
⚖️ Strengths & Concerns
⚠️ Concerns
- Stock split not yet effective; requires shareholder approval and regulatory clearances before implementation
- No record date, effective date, or shareholder meeting date provided in announcement
📅 Company Track Record
Mobavenue AI Tech Limited (formerly Lucent Industries Limited) is a digital-first technology company offering AI-powered advertising and consumer growth platforms. Recently transitioned to focus on AI-driven adtech solutions with proprietary A3 framework covering Awareness, Acquisition, and Activation.
Based on publicly available historical data. For context only.