Mobavenue AI Tech approves merger with subsidiary

Mobavenue AI Tech Limited's Board of Directors has approved a Scheme of Merger with its wholly-owned material subsidiary, Mobavenue Media Private Limited (MMPL). This merger, subject to regulatory approvals, aims to create a unified, technology-led, and globally scalable business platform. The company, formerly Lucent Industries Limited, has transformed into an AI-native advertising technology firm. In FY 2025-26, Mobavenue AI Tech reported consolidated revenue of ₹218.48 crore, EBITDA of ₹45.37 crore, and profit after tax of ₹29.35 crore. The company also completed a stock split of its equity shares during the year to improve liquidity.