Pursuant to Regulation 31(4) of SEBI ( Substantial Acquisition of Shares and Takeovers) Regulations, 2011, declaration is hereby being made that no Encumbrance on shares of Mahaveer Infoway ....
Awaiting price reaction for this filing.
Mahaveer Infoway Ltd's Managing Director Ashok Kumar Jain has submitted an annual declaration under SEBI Regulation 31(4) confirming that the Promoter/Promoter Group have not created any encumbrance (pledge) on the company's shares during the financial year ending 31 March 2026. The declaration covers all 16 members of the promoter group including Ashok Kumar Jain, Rajender Kumar Jain, Basanta Bai Jain, Nirmal Kothari, Kamal Kumar Kothari, and others. This is a routine regulatory compliance filing required to be submitted annually.
Positive signal for retail investors as promoters have not pledged their shares, meaning there is no risk of forced selling due to margin calls. This indicates promoter confidence in the company's performance.