Lucent Industries Ltd — Board Meeting, 12-08-2025: Board Meeting

Lucent Industries' Board has approved its financial results for the quarter ended June 30, 2025, reporting a consolidated profit after tax of Rs 1.34 Cr. A significant strategic update includes the company's decision to pursue a full acquisition of Mobavenue Media Private Limited for Rs 59.68 Cr, pending shareholder approval. This aligns with the company's ongoing shift to digital media and advertising as its new core business activity. Furthermore, a name change to Mobavenue AI Tech Limited is proposed, along with new secretarial and statutory auditor appointments, both subject to shareholder approval. These steps highlight the company's evolving business focus.