Mobavenue AI Tech Announces 16th Annual General Meeting; Recommends Dividend and Director Appointment
Mobavenue AI Tech Ltd., formerly known as Lucent Industries Limited, has announced that its 16th Annual General Meeting (AGM) will be held on September 2, 2026. The meeting is scheduled via Video Conferencing (VC) or Other Audio Visual Means (OAVM) and will cover the adoption of audited financial statements for Fiscal Year (FY) 2025-26, as well as matters related to dividend declaration and board composition.The Board of Directors has recommended a final dividend amounting to H 0.10/- per equity share, which has a face value of H 2/ each, for the financial year ended March 31, 2026. The company fixed Wednesday, August 26, 2026, as the Record Date for determining shareholders entitled to receive this dividend. If declared at the AGM, the final dividend is scheduled for payment on or before October 1, 2026.
Key Agenda Items and Board Matters
The AGM notice details several ordinary business items to be transacted. These include the consideration and adoption of the Audited Financial Statements (Standalone & Consolidated) for FY 2025-26. Additionally, the meeting aims to appoint a director in place of Mr. Tejas Rathod, who retires by rotation.The company is proceeding with corporate governance requirements following a share subdivision that became effective on June 12, 2026, shifting equity shares from a face value of H 10/- each to H 2/ each. The Board recommended the dividend rate of H 0.10/- per equity share having a face value of H 2/- each, representing H 0.50/- on a pre-split basis.
Director Appointment Details
The AGM includes the appointment of Mr. Tejas Kiritkumar Rathod (DIN: 07111110). According to the company materials, Mr. Rathod has been associated with Mobavenue Media Private Limited along with other directors.Details regarding the proposed director's background and remuneration are provided below:
| Detail | Information |
|---|---|
| Director Name | Tejas Kiritkumar Rathod |
| DIN | 07111110 |
| Age/DOB | 32 Years (Born 17/10/1993) |
| Qualification | Bachelor of Engineering (Computer Engineering) |
| Experience | 12+ years in Product, Operations & Engineering, leading Global Technology & Operations Teams. |
| Remuneration Last Drawn (FY 25-26) | H 12,00,000/- per annum |
| Shareholding (As on Notice Date) | 1,69,02,600 Equity Shares |
Operational and Investor Information
The company also noted that the AGM will address the declaration of a dividend on equity shares for FY 2025-26. The notice clarified that if the dividend is declared at the meeting, payment will be made electronically to shareholders whose bank account details are registered with their respective Depositories as of the Record Date.The Notice confirmed that all materials, including the Annual Report and AGM Notice, were available on the company's website (www.mobavenue.ai) and through listing platforms.
Stock Price Movement
As of 09:41, Mobavenue AI Tech Ltd shares are ticking down slightly, trading at ₹303.80, marking a decline of 0.08%. The stock navigated through significant volatility today, having tested as low as ₹302.00 and hitting an intraday high of ₹315.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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