Proceeding of the AGM held for FY 2024-25
Awaiting price reaction for this filing.
Mahaveer Infoway Ltd held its 34th Annual General Meeting on Friday, August 29, 2025, at its registered office in Hyderabad, from 10:00 AM to 11:45 AM. The meeting was chaired by Managing Director Mr. Ashok Kumar Jain, with Ms. Monika Ashish Rathi acting as Company Secretary. Ordinary business included adopting the audited financial statements for the year ended March 31, 2025, and deciding not to re-appoint Mr. Jeetendra Kumar Bhansali (who retired by rotation), leaving his board seat vacant. Special business resolutions covered the regularization of Mr. Sachin Jain as Executive Director, raising the company's borrowing limit to Rs. 50 crores, approving loans and investments, enabling related party transactions, revising the Managing Director's appointment terms, and giving the Board powers to lease or sell company property. Remote e-voting ran from August 26-28, 2025, and voting results will be announced separately based on the scrutinizer's report.
This is a routine regulatory filing confirming that the AGM was held and standard business items were discussed. Retail investors should watch for the upcoming voting results announcement. The proposed increase in borrowing limit to Rs. 50 crores and expanded related party transaction powers signal potential balance sheet expansion or strategic activity ahead.