Mobavenue AI Tech Limited, formerly known as Lucent Industries Limited, has announced that its Board of Directors will meet on March 18, 2026, to consider an important corporate action involving the potential stock split of the company’s equity shares.

The announcement was made through an official filing to the Bombay Stock Exchange (BSE) under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the disclosure, the board will review a proposal to sub-divide the company’s existing equity shares with a face value of ₹10 each into a larger number of shares with a lower face value. The exact split ratio will be decided by the board during the meeting and will be subject to shareholder approval and regulatory clearances.

This potential corporate action is expected to attract attention from investors, as stock splits often improve liquidity and make shares more accessible to retail investors.

Board Meeting Scheduled for March 18

Mobavenue AI Tech informed the stock exchange that the board meeting will take place on Wednesday, March 18, 2026.

During this meeting, the board will consider several matters, including the proposal for sub-division or stock split of existing equity shares.

Currently, the company’s equity shares have a face value of ₹10 per share. If the board approves the proposal, these shares may be divided into a larger number of shares with a lower face value.

However, the company clarified that the final decision regarding the stock split ratio will be determined by the board during the meeting.

The proposed action will also require:

• Approval from shareholders

• Regulatory approvals where applicable

Only after these approvals are obtained will the company be able to implement the stock split.

What Is a Stock Split and Why Companies Do It

A stock split, also known as a share sub-division, is a corporate action in which a company divides its existing shares into multiple smaller shares.

Although the number of shares increases, the overall market value of the company remains unchanged, because the share price adjusts proportionally.

For example:

If a company announces a 1:5 stock split, one existing share becomes five shares.

If the original share price was ₹500, the price after the split would theoretically become ₹100 per share.

This process does not change the total value of an investor’s holdings immediately but increases the number of shares they own.

Benefits of a Stock Split

Companies often choose to implement stock splits for several strategic reasons.

Improving Liquidity

When the share price becomes high, fewer investors may be able to purchase the stock.

By reducing the per-share price, stock splits make the stock more affordable for retail investors, which can increase trading activity.

Increasing Investor Participation

Lower share prices after a split often encourage greater participation from small investors who may find the stock more accessible.

Enhancing Market Visibility

Corporate actions such as stock splits can bring renewed attention from analysts, investors, and market participants, increasing the company’s market visibility.

Psychological Price Advantage

Many investors perceive lower-priced stocks as more attractive, even if the company’s valuation remains unchanged.

Shareholder Approval Required

Mobavenue AI Tech clarified in its filing that the proposed stock split will require shareholder approval before it can be implemented.

Shareholders will likely be asked to vote on the proposal through a general meeting or postal ballot, depending on the company’s decision.

Only after obtaining shareholder approval will the company proceed with:

• Finalising the split ratio

• Fixing the record date

• Implementing the sub-division of shares

Trading Window Closed for Insiders

Alongside the announcement of the board meeting, Mobavenue AI Tech also informed the stock exchange that it has closed the trading window for designated persons.

This action has been taken in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Under these regulations, company insiders such as:

• Directors

• Key managerial personnel

• Senior executives

• Designated employees

are not allowed to trade in company securities during periods when price-sensitive information is under consideration.

According to the filing:

• The trading window closed on March 10, 2026

• It will remain closed until 48 hours after the board meeting concludes

This measure ensures that insiders do not gain unfair trading advantages based on confidential information.

Company Background and Rebranding

Mobavenue AI Tech Limited was formerly known as Lucent Industries Limited.

The company recently underwent a name change and strategic transformation, reflecting its focus on technology-driven solutions and artificial intelligence-based services.

Rebranding initiatives such as this often indicate a shift in business strategy or expansion into new technology sectors.

Although the company originally operated under the Lucent Industries name, the transition to Mobavenue AI Tech Limited suggests a focus on AI-powered digital solutions and technology platforms.

Importance of Corporate Announcements for Investors

Announcements regarding stock splits, bonus shares, dividends, and mergers are considered material corporate events that can influence investor sentiment and trading activity.

Stock splits in particular often attract strong interest from the market because they can:

• Increase stock liquidity

• Improve affordability

• Encourage retail participation

However, it is important for investors to remember that a stock split does not fundamentally change the company’s valuation or earnings potential.

The long-term performance of the stock will still depend on:

• Business growth

• Profitability

• Industry outlook

• Management strategy

SEBI Listing Regulations and Disclosure Requirements

The announcement was made under Regulation 29 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.

Under these regulations, listed companies must inform stock exchanges in advance about board meetings where important financial or corporate decisions will be taken.

This rule ensures that all investors receive equal and timely access to important information, thereby maintaining transparency and fairness in the capital markets.

The disclosure requirement also helps prevent information asymmetry, where only certain market participants might have access to important corporate developments.

What Investors Should Watch Next

Following this announcement, investors and market participants will closely monitor several upcoming developments.

The first major event will be the board meeting scheduled for March 18, 2026.

During this meeting, the board will decide:

• Whether to approve the stock split

• What split ratio should be implemented

If the board approves the proposal, the next steps will include:

1. Seeking shareholder approval

2. Announcing the final split ratio

3. Declaring a record date

4. Implementing the share sub-division

Investors will also watch how the market reacts to the announcement and whether the stock sees increased trading activity.

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