Mobavenue AI Tech corrects shareholding details for preferential issue

Mobavenue AI Tech Limited, formerly Lucent Industries Limited, announced a revised outcome for its board of directors meeting held on Friday, November 21, 2025. The company issued a correction regarding an inadvertent typographical error in the shareholding details of Mr. Vinay Nagda, one of the proposed allottees in a preferential issue.

Initially, Mr. Nagda's pre-preferential shareholding was reported as 48,000 equity shares. The corrected figure now stands at 58,000 equity shares, impacting the corresponding percentage and both pre- and post-preferential shareholding figures. The company emphasized that this correction only applies to Annexure A1, which details the list of proposed allottees and their shareholding before and after the preferential issue, with all other information from the original outcome remaining unchanged.

As per the revised Annexure A1, Mr. Vinay Nagda's corrected pre-issue holding is 58,000 shares, representing 0.39% pre-issue holding. After the preferential issue, Mr. Nagda will be allotted 110,294 shares, resulting in a total post-issue holding of 168,294 shares, or 1.06% of the company's equity.