Submission of Voting Result and Scrutinizer''s Report for Postal Ballot.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mobavenue AI Tech Ltd (formerly Lucent Industries Limited) has completed a postal ballot where shareholders voted on 3 resolutions. All resolutions passed with 100% shareholder approval - zero votes against. Resolution 1 is a stock split/sub-division of equity shares. Resolution 2 approves updating the Capital Clause in the Memorandum of Association to reflect the split. Resolution 3 approves changes to the Object Clause III(B) for objects incidental to main business. The voting saw 12.62 million shares voted out of 15.46 million eligible (81.6% turnout) across 26 participating shareholders.
Shareholders have approved a stock split which will increase the number of shares while proportionally reducing the face value per share. This is typically done to improve liquidity and make shares more affordable for smaller investors. The MOA amendments are routine administrative changes to align with the split and expand business scope.