Revised outcome for the Board Meeting held on 21-11-2025
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Awaiting price reaction for this filing.
Mobavenue AI Tech Ltd has filed a revised outcome of its November 21, 2025 board meeting to correct a typographical error in the shareholding details of a proposed allottee in a preferential issue. The pre-preferential shareholding of Mr. Vinay Nagda was incorrectly stated as 48,000 equity shares; the correct figure is 58,000 equity shares (0.39% pre-issue). Consequently, his corrected post-issue holding is 1,68,294 equity shares (1.06%). The annexure lists 10 non-promoter proposed allottees being issued equity shares under the preferential issue, including AV Holdings (1,37,868 shares), M.J Construction (4,59,559 shares), and Amit Mishra (1,33,088 shares), among others. All other information from the original filing remains unchanged.
This is a clerical correction filing and does not change the substance of the preferential allotment. It should not materially impact the stock price, though it reaffirms that the company is proceeding with a preferential issue to non-promoter allottees, which could lead to minor dilution for existing shareholders.