Lucent Industries Ltd Company Summary

Mobavenue AI Tech Limited was originally incorporated as Sylph Education Solutions Private Limited on January 29, 2010 vide certificate of incorporation with the Registrar of Companies, Madhya Pradesh. Company was subsequently converted into a public limited company and the name was changed to Sylph Education Solutions Limited on March 04, 2014 and thereafter to Lucent Industries Limited on March 29, 2022 and has further to Mobavenue AI Tech Limited with effect from October 1, 2025. Subsequently, the control and management of the Company were taken over by the promoters of Mobavenue Media Private Limited through an open offer conducted in accordance with the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST).

This open offer resulted in the acquisition of a controlling interest of 67.61% in the Company, thereby integrating the management of Mobavenue into the management of the Company.In February 2016, the Company came up with Public Issue of 40,00,000 Equity Shares by raising equity capital aggregating Rs 4.8 Crore.During the year 2025, the Company has amended object clauses in Memorandum of Association (MOA) to start new business activities, i.e., digital media and advertising agency and discontinued the earlier business activity i.e. retail and wholesaler of sale of goods. Initially, the Company which was originally incorporated in the field of education, has changed its nature of business and is presently engaged in advertising and media services, including digital marketing, content creation, mobile advertising, IT solutions, and related consulting services.In FY 2025, Company launched product OrbitX and incorporated Mobavenue Global Holdings Limited as wholly owned subsidiary in London, United Kingdom w.e.f.

March 18, 2025.The Board of Directors of the Company, at its meeting held on February 24, 2025, approved a Scheme of Amalgamation for the proposed merger of the Company with Lucent Industries Limited along with their respective shareholders.