Board Meeting Details
The Board Meeting commenced at 4:00 PM and concluded at 8:30 PM on August 11, 2026.
Key Matters Approved
1. Unaudited Financial Results: The Board considered and approved the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended June 30, 2026.
2. Constitution of CSR Committee: The Board approved the constitution of the Corporate Social Responsibility Committee of the Company pursuant to Section 135 of the Companies Act, 2013 and the rules made thereunder, with effect from August 11, 2026.
CSR Committee Composition
The Corporate Social Responsibility Committee comprises:
- Mr. Kunal Hasmukh Kothari as Chairman
- Mr. Tejas Kumar Rathod as Member
- Ms. Kanchan Vohra as Member
- Mr. Amit Kumar Mundra as Member
The Committee shall discharge functions and duties as prescribed under the applicable provisions of the Companies Act, 2013.
Financial Results Disclosure
The financial results are being made available on the Company's website at www.mobavenue.ai.
Consolidated Financial Results (Quarter Ended June 30, 2026)
Income Statement (₹ in lakhs):
- Revenue from operations: ₹728.46
- Other income: ₹21.54
- Total income: ₹750.01
Expenses (₹ in lakhs):
- Supply and data cost: ₹440.12
- Employee benefit expense: ₹83.83
- Finance cost: ₹13.69
- Depreciation and amortization: ₹6.80
- Other expenses: ₹50.33
- Total expenses: ₹594.76
Profitability (₹ in lakhs):
- Profit before tax: ₹155.25
- Tax expense: ₹38.65 (Current tax: ₹38.60, Deferred tax: ₹0.05)
- Profit for the period: ₹116.60
- Other comprehensive income: ₹1.18
- Total comprehensive income: ₹117.78
Capital Structure:
- Paid-up equity share capital (face value of ₹2 each): ₹154.60
- Other equity: Not specified for quarter
Earnings Per Share (₹):
- Basic EPS: ₹1.51
- Diluted EPS: ₹1.51
Standalone Financial Results (Quarter Ended June 30, 2026)
Income Statement (₹ in lakhs):
- Revenue from operations: ₹102.24
- Other income: ₹10.66
- Total income: ₹112.89
Expenses (₹ in lakhs):
- Supply and data cost: ₹55.94
- Employee benefit expense: ₹6.28
- Finance cost: ₹12.06
- Other expenses: ₹6.43
- Total expenses: ₹80.71
Profitability (₹ in lakhs):
- Profit before tax: ₹32.18
- Tax expense: ₹8.10 (Current tax: ₹9.50, Deferred tax: ₹-1.40)
- Profit for the period: ₹24.09
- Total comprehensive income: ₹24.09
Capital Structure:
- Paid-up equity share capital (face value of ₹2 each): ₹154.60
- Other equity: Not specified for quarter
Earnings Per Share (₹):
- Basic EPS: ₹0.31
- Diluted EPS: ₹0.31
Auditor's Review Report
N. A. Shah Associates LLP, Chartered Accountants, issued an unmodified limited review report on both standalone and consolidated financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
Emphasis of Matters
The auditors drew attention to Note 8 regarding Surge Company LLC (incorporated in Russia on April 8, 2024). Compliances under Foreign Exchange Management Regulation (FEMA) and process relating to remittance of capital are in process as on June 30, 2026. This matter has been emphasized since quarter and half year ended September 30, 2025.
Subsidiary Information
The consolidated results include the following entities:
1. Mobavenue Media Private Limited (India) - Wholly Owned Subsidiary (w.e.f. 3rd September 2025)
2. Mobavenue Global Holdings Limited (UK) - Wholly Owned Subsidiary
3. Surge Company LLC (Russia) - Step-down Wholly Owned Subsidiary (w.e.f. 3rd September 2025)
4. Mobavenue LLC (USA) - Step-down Wholly Owned Subsidiary (incorporated March 20, 2026)
5. MAITL Asia Pte. Ltd. (Singapore) - Step-down Wholly Owned Subsidiary (incorporated June 30, 2026)
Significant Notes to Financial Results
1. Segment Reporting: The Group operates in a single business segment of digital media and advertising agency.
2. Preferential Allotment: During previous year, the Company issued 4,59,558 equity shares (face value ₹10 each) at premium of ₹1,078 each aggregating to ₹4,999.99 lakhs to non-promoter group. As of June 30, 2026, ₹1,405 lakhs utilized for acquisition consideration and general corporate purposes, balance invested in mutual funds.
3. Acquisition Accounting: Acquisition of Mobavenue Media Private Limited on September 3, 2025, accounted as common control transaction with comparative figures restated from September 4, 2024.
4. Share Sub-division: During the quarter, equity shares sub-divided from face value of ₹10 each to ₹2 each effective June 12, 2026. Number of shares increased from 1,54,59,558 to 7,72,97,790 without change in aggregate paid-up capital.
5. ESOP Grants: During the quarter, granted 1,21,705 options out of 7,50,000 options at exercise price of ₹217.60 per equity share to employees (including subsidiaries). Accounting done as per Ind AS 102.
6. Subsequent Event: Registered address changed from Madhya Pradesh to Maharashtra upon ROC approval received on July 2, 2026.