News

Mobavenue AI Tech Limited, formerly known as Lucent Industries Limited, will close its trading window for designated persons from October 1, 2026, until 48 hours after the declaration of its unaudited financial results for the second quarter and half year ended September 30, 2026, in compliance with SEBI regulations and the company’s code of conduct.

Mobavenue AI Tech Limited, formerly Lucent Industries Limited, announced its board approved a scheme of merger with its wholly owned material subsidiary, Mobavenue Media Private Limited, under sections 233 and other applicable provisions of the Companies Act, 2013. The move is intended to consolidate the business operations of both entities and create a more integrated corporate structure, following the company`s transformation into an AI-native advertising and consumer growth platform from India, and is expected to improve financial strength and efficiency while maximizing shareholder value.

Mobavenue AI Tech Limited, formerly known as Lucent Industries Limited, will seek shareholder approval for a scheme of amalgamation/merger with its wholly-owned subsidiary, Mobavenue Media Private limited, at a board meeting scheduled for September 15, 2026, according to a regulatory filing with the BSE Limited. The company has also closed its trading window for designated persons and their immediate relatives from September 9, 2026, until 48 hours after the board meeting’s outcome is announced.

Mobavenue AI Tech will hold a meeting of the Board of Directors of the Company on 11 August 2026.

The board of Mobavenue AI Tech at its meeting held on 20 July 2026 has approved the launch of the company`s proprietary AI powered platform, Mobavenue Neural Engine, an AI intelligence layer integrated with the company`s proprietary advertising technology platform.The board also approved the adoption and phased implementation of the company`s new corporate logo and corporate tagline as part of its brand transformation initiative.