Meeting Details

The 16th Annual General Meeting was held on Wednesday, September 02, 2026, commencing at 3:00 p.m. (IST) and concluding at 03:43 p.m. (IST). The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) facility. The registered office at Office No. 111 B Wing 1st floor Western Edge II, Premises Co-operative Society Ltd. Magathane, Borivali East, Mumbai, Maharashtra, India, 400066, was deemed the venue.

Attendance

Directors Present:

  • Mr. Kunal Kothari (Chairman - Whole Time Director & Chief Operating Officer, Mumbai)
  • Mr. Ishank Joshi (Managing Director & Chief Executive Officer, Delhi)
  • Mr. Tejas Rathod (Whole Time Director & Chief Technology Officer, Mumbai)
  • Mr. Pankaj Jain (Independent Director, Mumbai)
  • Mr. Amit Kumar Mundra (Independent Director, Mumbai)
  • Ms. Kanchan Vohra (Independent Director, Noida)

Key Managerial Personnel:

  • Mr. Vijay Basantani (Group Chief Financial Officer, Mumbai)

Representatives of Statutory Auditors, Secretarial Auditor, and Scrutinizer were also present through VC/OAVM.

Total shareholders as of cut-off date (August 26, 2026): 4,610

Members attending through VC/OAVM: 35

Voting Arrangements

Remote e-voting facility was provided by NSDL with cut-off date of Wednesday, August 26, 2026. The remote e-voting period commenced on Sunday, August 30, 2026 at 9:00 a.m. (IST) and ended on Tuesday, September 01, 2026 at 5:00 p.m. (IST). The e-voting facility remained open for 30 minutes after the conclusion of the meeting for members who had not yet voted.

Scrutinizer Appointment

CS Sandhya Malhotra (Membership No.: FCS 6715, C.P. No. 9928), Partner at M/s. Manish Ghia & Associates, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting conducted during the AGM.

Management Presentations

Mr. Kunal Kothari, Chairman & COO:

  • Highlighted company's evolution from mobile advertising business to AI-native consumer growth company
  • Launched Mobavenue Neural Engine, a unified AI intelligence layer integrating planning, execution, creative generation and reporting
  • Focus on sustainable growth, strong governance, disciplined execution, technology and innovation
  • Vision 2030: Building a globally relevant, AI-native platform for predictable, measurable and intelligent business growth

Mr. Ishank Joshi, MD & CEO:

  • Presented FY2025-26 performance highlights
  • Consolidated revenue: ₹218.48 crore
  • EBITDA: ₹45.37 crore (20.8% margin)
  • Profit after tax: ₹29.35 crore (13.4% margin)
  • 42.72 million verified consumer outcomes
  • Collaboration with more than 150 brands
  • Presence across 10 countries
  • Proprietary technology processing more than 125 crore consented and privacy-compliant consumer and campaign signals daily
  • A3 framework: Awareness, Acquisition and Activation
  • Priorities: Deepening enterprise relationships in India, international expansion, continued investment in AI and proprietary technology

Resolutions Transacted

Ordinary Business:

1. Receipt, consideration and adoption of Audited Financial Statements (Standalone & Consolidated) for financial year ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Appointment of Mr. Tejas Rathod (DIN: 07111110) as Director who retires by rotation and being eligible, offers himself for re-appointment

3. Declaration of dividend on equity shares for financial year ended March 31, 2026, at rate of ₹0.10 per equity share (face value ₹2 each fully paid-up)

Auditor Reports

  • Statutory Auditor's Report for financial year ended March 31, 2026: No qualifications, observations, or adverse remarks
  • Secretarial Audit Report for financial year 2025-26 by Mr. Vishal N. Manseta, Practicing Company Secretary: Board's comments and explanations on qualifications, if any, incorporated in Annual Report

Shareholder Interaction

Three shareholders registered as speakers raised queries, which were addressed by Managing Director and Chief Financial Officer. Satisfactory responses provided to all queries.

Documentation

Notice of 16th AGM along with Annual Report, including Audited Financial Statements for financial year ended March 31, 2026, Board's Report, Auditors' Report and relevant Notes to Financial Statements, had been circulated to Members and taken as read.

Results Declaration

The results of voting will be declared and made available on websites of Stock Exchange(s) and the Company within 2 working days from conclusion of the Meeting.