Split18 Mar 2026, 03:23 pm
Mobavenue AI Tech Ltd. Announces 1:5 Share Split, Appoints New CFO, and Alters Memorandum of Association
AI Summary
Mobavenue AI Tech Ltd. announced the outcome of its board meeting, which included a 1:5 share split, the appointment of a new Chief Financial Officer (CFO), and alterations to the Memorandum of Association. The share split is intended to enhance liquidity and make shares more affordable. The new CFO, Mr. Vijay Basantani, will assume his role on April 1, 2026. The Memorandum of Association will be altered to reflect the capital clause and changes to incidental or ancillary objects. The board also noted the resignation of Mr. Tejas Rathod as CFO and his continued service as Whole-time Director and Chief Technology Officer.
Key Highlights
- Mobavenue AI Tech Ltd. announces a 1:5 share split
- Mr. Vijay Basantani appointed as the new CFO
- Alterations to the Memorandum of Association
- Mr. Tejas Rathod to step down as CFO but continue as Whole-time Director and CTO
- Alteration of Capital Clause and Objects Incidental or Ancillary to the Attainment of the Main Objects