Notice of Extra Ordinary General Meeting
Price
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Mobavenue AI Tech Ltd (BSE: 539682) has called an EGM on 19 December 2025 at 12:30 PM via video conferencing, with the e-voting cut-off date set as 12 December 2025. Eight special business items are on the agenda: (1) raising authorized share capital from Rs. 16 crore to Rs. 20 crore by creating 40 lakh additional equity shares; (2) shifting the registered office from Indore (Madhya Pradesh) to Mumbai (Maharashtra); (3) a preferential allotment of up to 9,19,117 equity shares at Rs. 1,088 per share (including Rs. 1,078 premium), aggregating to roughly Rs. 100 crore, to 10 non-promoter allottees; (4) introduction of the ESOP 2025 scheme covering up to 7,50,000 stock options for employees; (5) extension of ESOP 2025 to subsidiary/associate company employees; and (6–8) acceptance of unsecured loans of Rs. 20 crore each (total Rs. 60 crore) from three directors — Ishank Joshi, Kunal Kothari and Tejas Rathod — classified as material related party transactions. The funds are intended for strategic acquisitions, business expansion, and working capital needs.
The ~Rs. 100 crore preferential issue will dilute existing shareholders by adding 9.19 lakh new shares on top of the current 1.6 crore base, and the three director loans together (Rs. 60 crore) signal promoter-group funding support but also increase related-party exposure that needs shareholder approval.