Outcome of Board Meeting inter-alia, considered and approved, the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended on June 30, 2025.
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The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. On a standalone basis, revenue from operations stood at Rs 462.98 lakhs with a profit after tax of Rs 129.48 lakhs (EPS Rs 0.86). On a consolidated basis, revenue was Rs 558.32 lakhs and PAT was Rs 133.86 lakhs (EPS Rs 0.88), with the newly incorporated UK subsidiary Mobavenue Global Holdings Limited contributing Rs 95.35 lakhs in revenue. The company also appointed M/s. Vishal N. Manseta as Secretarial Auditor and M/s. N.A. Shah Associates LLP as Statutory Auditor, both for five-year terms subject to shareholder approval. Separately, the Board decided to pursue acquisition of 100% stake in Mobavenue Media Private Limited for Rs 5,968 lakhs (instead of the earlier scheme of arrangement) and approved a proposed name change to Mobavenue AI Tech Limited. The business has been pivoted from retail/wholesale to digital media and advertising agency.
Strong sequential growth in both revenue and profits suggests the digital media pivot is gaining traction. The proposed Rs 59.68 crore acquisition of Mobavenue Media is a major capital deployment decision that, if approved, will significantly reshape the company's scale and operations. Shareholders should watch the AGM outcome closely as both auditor appointments and the acquisition require their approval.