Board Meeting18 Mar 2026, 03:11 pm
Mobavenue AI Tech Ltd: Board Approves Stock Split, Changes in Memorandum, and Management Appointments
AI Summary
Mobavenue AI Tech Ltd announced the outcomes of its recent board meeting, which included a 1:5 stock split, alterations to the Memorandum of Association, and changes in management. The stock split aims to enhance liquidity and make shares more affordable. The Memorandum of Association will be altered to adjust the capital clause and include new objects. Mr. Tejas Rathod will step down as CFO but continue as Whole-time Director and CTO, while Mr. Vijay Basantani is appointed as the new CFO. These changes are subject to shareholder and regulatory approvals.
Key Highlights
- 1:5 stock split to enhance liquidity and affordability
- Alterations to the Memorandum of Association
- Mr. Tejas Rathod steps down as CFO, continues as Whole-time Director and CTO
- Appointment of Mr. Vijay Basantani as new CFO
- Changes subject to shareholder and regulatory approvals