Intimation of receipt of the In-Principle approval for preferential issue of equity shares
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Mobavenue AI Tech Ltd has received in-principle approval from BSE for a preferential issue of up to 9,19,117 equity shares at Rs. 1,088 per share (face value Rs. 10), aiming to raise up to Rs. 99.99 crore (approximately Rs. 100 crore). The shares will be issued to non-promoters on a preferential basis. The proposal was approved by the Board on November 21, 2025, and by members on December 19, 2025. BSE has granted the approval subject to compliance with SEBI ICDR and LODR regulations, and the company must now complete allotment and file for listing within 20 days of allotment.
The Rs. 100 crore fundraise, if completed, will strengthen the company's capital base. Since shares are being issued to non-promoters at a price significantly above face value, existing shareholders may face some dilution. The actual allotment and listing will be the next key milestones to watch.