Allotment of 4,59,558 Equity Shares on Preferential Basis at Rs. 1088/- per Equity Shares (Aggregate Rs. 49,99,99,104/-)
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Mobavenue AI Tech Ltd (formerly Lucent Industries) reported consolidated Q3FY26 revenue from operations of Rs. 55.12 crore, up 67% year-on-year from Rs. 32.97 crore, with net profit rising to Rs. 7.61 crore from Rs. 3.67 crore. For the nine months ended December 2025, consolidated revenue reached Rs. 155.85 crore and PAT was Rs. 20.91 crore versus Rs. 4.21 crore last year. The board declared an interim dividend of Rs. 0.50 per share (record date February 20, 2026), which the three promoters voluntarily waived. Additionally, the company allotted 4,59,558 equity shares at Rs. 1,088 each (a Rs. 1,078 premium over face value), raising approximately Rs. 50 crore from nine non-promoter allottees including Pipal Capital Management, AV Holdings, and Ratnatraya Holdings. Paid-up equity capital rose to Rs. 15.46 crore from Rs. 15 crore.
Strong operational growth signals business momentum, while the promoter dividend waiver and successful Rs. 50 crore preferential raise at a hefty premium suggest confidence in the company's valuation. Existing shareholders may see mild dilution (~3% share count increase), but the capital infusion at premium price and profit surge should be supportive of the stock.