Mobavenue AI Tech Ltd Announces 1:5 Split of Equity Shares and Changes in Key Managerial Personnel

Mobavenue AI Tech Ltd has announced a 1:5 split of equity shares, alteration of the Memorandum of Association, and changes in key managerial personnel. The split of equity shares is aimed at enhancing liquidity and making the shares more affordable. The company's authorized, paid-up, and subscribed shares will increase post-split. The alteration of the Memorandum of Association includes changes in the Capital Clause and Objects Incidental or Ancillary to the Attainment of the Main Objects. The changes in key managerial personnel include the resignation of Tejas Rathod as CFO and the appointment of Vijay Basantani as the new CFO. The appointment of Tejas Rathod as Whole Time Director & Chief Technology Officer (CTO) has also been approved.