Scrutinizers Report for the AGM of the Company held on 29th August 2025 for the FY 2024-25
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Mahaveer Infoway Ltd held its 34th Annual General Meeting on 29th August 2025 at its registered office in Hyderabad, chaired by Mr. Ashok Kumar Jain, Managing Director. Out of 2,703 shareholders on the cut-off date, 8 promoter-group members and 48 public members attended in person or via proxy. A total of 30,21,126 votes were polled, representing about 54.83% of the 55,09,000 outstanding equity shares, combining remote e-voting (26–28 August) and venue voting. All 8 resolutions — including adoption of FY25 audited accounts, regularization of Mr. Sachin Jain as Executive Director, enhancement of borrowing powers to Rs. 50 crore, approval of loans/investments and guarantees, related-party transactions u/s 188, change in MD appointment terms, and delegation of power to lease/sell company property — were passed with near-unanimous support (100% or 99.99% in favour).
All key governance matters — including a significant hike in the borrowing limit to Rs. 50 crore and changes to the Managing Director's appointment terms — were approved with overwhelming shareholder support, giving the board wide operational flexibility. The unusually low public voting turnout (only about 14.67% of public non-institutional shares were polled) reflects limited retail participation, but no resolutions faced material dissent, so near-term impact on the stock is neutral.