Lucent Industries acquires Mobavenue Media for ₹59.68 crores

Lucent Industries Limited completed the acquisition of Mobavenue Media Private Limited on September 19, 2025. This follows previous communications regarding a strategic investment not exceeding ₹59.68 crores, payable in cash across one or more tranches.

The acquisition involved 10,309 fully paid-up equity shares of Mobavenue, each with a face value of ₹10, representing 100% of the company's paid-up share capital. These shares were acquired from sellers including Mr. Kunal Kothari, Ms. Prachi, and Mr. Tejas Rathod, as per the terms of the Share Purchase Agreement.

This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant circulars. Further details were previously disclosed in intimations dated July 02, 2025, and September 04, 2025.