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Mobavenue AI Tech Ltd (BSE: 539682) has submitted its Annual Report for FY 2024-25 to BSE and dispatched it electronically to shareholders for the 15th AGM scheduled on September 29, 2025 via video conferencing. The company, originally incorporated as Sylph Education Solutions Limited, was taken over by the promoters of Mobavenue Media Private Limited, who now hold a 67.61% controlling stake, and Mobavenue Media has been acquired as a 100% wholly owned subsidiary. Key FY25 milestones include the launch of OrbitX (an AI-powered media buying platform for global markets), incorporation of a wholly owned subsidiary in London, and opening of a UK branch office. The management plans to rebrand and rename Lucent to 'Mobavenue AI Tech' to reflect its new identity as an AI-driven advertising and marketing technology platform. The AGM notice proposes appointing M/s N. A. Shah Associates LLP as sole Statutory Auditor for 5 years at Rs. 2,55,000 per year, replacing the current joint auditor arrangement.
Shareholders should review the annual report for detailed financials and attend the AGM where re-appointment of Managing Director Ishank Joshi and the auditor appointment will be voted on. The rebrand to Mobavenue AI Tech and the strategic shift from legacy education business to AI-powered adtech signals a complete business transformation under new promoters, which is a material event for the stock.