Mobavenue AI Tech announces 1:5 stock split as part of growth and CFO appointment

Mobavenue AI Tech Limited said its Board cleared a 1:5 stock split plan. The decision came in the Board meeting held on Wednesday, March 18, 2026. The proposal stayed subject to shareholder and required regulatory approvals. The company said it would announce the record date later.

The company confirmed the split would change the face value structure of each equity share. It also told exchanges the step aimed to support wider market participation. Mobavenue AI described the move as aligned with ongoing scale-up efforts across products and regions.

"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.

Item	Before	After
Split ratio	—	1:5
Face value per share	Rs. 10	Re. 2
Paid-up status	Fully paid-up	Fully paid-up
Approvals needed	Shareholder and other regulatory / statutory approvals
Record date	To be intimated in due course

Mobavenue AI Tech told exchanges the timing linked to business progress in its adtech platforms. "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.

Alongside the corporate action, Mobavenue AI Tech appointed Vijay Basantani as Group Chief Financial Officer (CFO). The company said Vijay would handle financial strategy, capital planning, and governance work. It positioned the change as part of its next phase while it expanded its AI-led advertising operations.

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, 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 stock split, Mobavenue AI Tech target price, and business profile

On chart levels, a research analyst flagged near-term price zones for the stock. "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.

Mobavenue AI Tech Limited, earlier known as Lucent Industries Limited, operated consumer growth and AI-driven advertising platforms. The company said it was investing in upgraded AI ad infrastructure. It listed privacy-first data tools, real-time campaign optimisation, and predictive audience intelligence. It linked these plans to long-term capital market positioning.

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