Acquisition · Enterprise Software & IT

Mobavenue AI Tech to merge with subsidiary

By Startup Enthusiast · 9 September 2026

What they do

Mobavenue AI Tech provides AI-driven advertising capabilities

Its board will meet on September 15, 2026 to discuss merging with wholly owned subsidiary Mobavenue Media

The merger aims to unify corporate structure, simplify compliance, and streamline global expansion

Mobavenue AI Tech's board will meet on September 15, 2026 to discuss a merger.
The merger is with its wholly owned subsidiary Mobavenue Media Private Limited.
The agenda is a scheme of amalgamation between the two companies.
The trading window for insiders is closed from September 9, 2026 until 48 hours after the board outcome.
The parent company was formerly known as Lucent Industries Limited.
The subsidiary provides direct-to-brand services and programmatic technology.
The merger is expected to require clearances from stock exchanges, SEBI, and NCLT, taking 6-9 months.

The merger aims to unify the corporate structure and simplify compliance.
It will help streamline global expansion and eliminate minority interest complexities.
Mobavenue AI Tech reported strong Q1 FY27 results: PAT up 94.3% YoY and revenue up 56.9% YoY.

Mobavenue AI Tech provides AI-driven advertising capabilities.
Its subsidiary Mobavenue Media offers direct-to-brand services and programmatic technology.
The company reported consolidated operational revenue of ₹72.85 crore in Q1 FY27.
Its consolidated PAT for Q1 FY27 was ₹11.66 crore.
The company completed a stock split from face value ₹10 to ₹2 in June 2026.

The merger is expected to require clearances from stock exchanges, SEBI, and NCLT.
The process is expected to take 6-9 months.