Shares of This AI Company To Get 5x More Accessible; Should You Buy Before The Record Date?

At its meeting held on Wednesday, March 18, 2026, the Board of Directors of Mobavenue AI Tech Limited ("Mobavenue AI" or the "Company"), a digital-first technology company that offers AI-powered advertising and consumer growth platforms, approved a 1:5 stock split of the company's equity shares, subject to shareholder approval.

The Board of Directors considered and approved "Sub-division/split of 1 (one) equity share of face value of Rs. 10/- (Rupees Ten Only) each, fully paid- up, into 5 (Five) equity shares of face value of Re. 2/- (Rupee Two Only) each, fully paid- up, subject to the approval of the shareholders of the Company and such other regulatory / statutory approvals as may be required. The record date for the purpose of the sub-division shall be intimated in due course," confirmed Mobavenue AI Tech in a stock exchange statement.

"This move comes at a point of meaningful momentum for the Company. Mobavenue AI has been scaling its AI-powered advertising and consumer growth platform across geographies, deepening integrations with global advertising ecosystems, and expanding its revenue base across mobile, programmatic, and data-driven channels. The Board views enhanced market participation as a natural extension of that growth story," Mobavenue AI Tech has further informed stock exchanges.

Kunal Kothari, Chairman, Co-founder & COO of Mobavenue AI Tech Limited, said, "We have a strong conviction in what we are building and the long-term opportunity ahead. The Board's decision aligns with our broader strategic roadmap and capital market objectives. Our focus remains on scaling our AI-powered platforms to deliver consistent, measurable outcomes and long-term value for our stakeholders and clients."

Vijay Basantani has been appointed Group Chief Financial Officer (CFO) at Mobavenue AI Tech Limited. In this role, Vijay will lead the Company's financial strategy, capital planning, and governance initiatives.

Vijay Basantani, Group CFO, Mobavenue AI Tech Limited, said, "I am excited to join Mobavenue AI at a time when AI is fundamentally reshaping the digital advertising ecosystem at an unprecedented pace. The Company's strong focus on innovation, data intelligence, and measurable outcomes provides a solid foundation for sustainable growth for digital-first businesses worldwide. I look forward to strengthening financial strategy, enabling scalable expansion, and supporting Mobavenue AI's vision of building transformative AI-native technologies from India for the world."

Ishank Joshi, MD & CEO, Mobavenue AI Tech Limited, said, "We are delighted to welcome Vijay to Mobavenue AI at a pivotal moment in our journey as we scale into a global AI-native platform from India. His deep experience across leading Indian institutions and global listed companies significantly strengthens our strategic depth as we accelerate into our next phase of growth."

Kunal Kothari, Chairman, Co-founder & COO of Mobavenue AI Tech Limited, further added, "Vijay brings a strong blend of financial expertise, strategic foresight, and governance excellence that will be instrumental in building a robust, scalable financial framework aligned with our long-term vision. His leadership will not only help drive disciplined execution and capital efficiency, but also enable us to deliver consistent, measurable value for our stakeholders while advancing our ambition of making digital growth more predictable and outcome-driven for businesses worldwide."

Mobavenue AI Tech Target Price

"Mobavenue stock price is bearish on the Daily charts with strong resistance at 1339. A Daily close below support of 1215 could lead to a target of 1111 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

About Mobavenue AI Tech

A digital-first technology company, Mobavenue AI Tech Limited (formerly Lucent Industries Limited) provides platforms for consumer growth and AI-powered advertising. Mobavenue AI is now making investments in the next generation of its AI advertising infrastructure, which includes privacy-first data solutions, real-time campaign optimization, and predictive audience intelligence. These abilities are meant to support the company's broader goal of becoming an internationally recognized adtech platform and to boost its long-term capital market posture.

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