Summary of the proceedings of the Extra - Ordinary General Meeting of the Company on Friday, December 19 , 2025
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Mobavenue AI Tech Ltd held its Extra-Ordinary General Meeting on December 19, 2025, via video conferencing, chaired by Mr. Kunal Kothari. Eight resolutions were transacted, including an increase in authorized share capital, shifting the registered office from Madhya Pradesh to Maharashtra, issuance of equity shares on a preferential basis, introduction of the ESOP 2025 scheme (and its extension to subsidiary/associate employees), and approval of material related party transactions in the form of loans from three directors — Mr. Ishank Joshi, Mr. Kunal Kothari, and Mr. Tejas Rathod. The Chairman explained the background and rationale of the preferential issue, citing the company's strategic transformation and integration of Mobavenue, along with the proposed use of proceeds and long-term shareholder value creation. Out of 1,058 total shareholders, 37 attended the meeting, which concluded at 12:50 PM. The voting results and scrutinizer's report are expected to be filed with BSE within two working days.
The EGM approved several growth-oriented measures — a preferential equity issue, a new ESOP pool, and director funding — which could lead to equity dilution but also support the company's transformation and expansion. Shareholders should watch for the detailed voting outcome (yet to be filed) and the preferential allotment pricing/disclosure, which will shape near-term share price direction.