The Company is filing the revised intimation for annual report as we inadvertently missed to attach the copy of annual report in the previous intimation. However, copy of web link of ....
Awaiting price reaction for this filing.
Mahaveer Infoway Limited has filed a revised intimation to BSE for its 34th Annual General Meeting, as the annual report was inadvertently missed in the previous submission. The 34th AGM is scheduled for Friday, 29 August 2025 at 10:00 AM at the company's registered office in Hyderabad. The e-voting window runs from 26 August to 28 August 2025, with 22 August 2025 as the cut-off date. Shareholders will vote on key items including adoption of FY25 audited financials, regularization of Mr. Sachin Jain as Executive Director, enhancement of borrowing powers to Rs. 50 Crores, authority to give loans/investments/guarantees up to Rs. 50 Crores, related party transactions with Minfy Technologies (up to Rs. 10 Crores), revision of MD Ashok Kumar Jain's remuneration to Rs. 24 lakh per annum with tenure extended to 31 March 2028, and powers to the Board to lease or sell company property. The chairman's letter notes the company faced financial challenges in recent years but is now seeing a resurgence.
Shareholders should review the AGM agenda carefully, as the meeting includes a proposed increase in MD remuneration from Rs. 18 lakh to Rs. 24 lakh annually and seeks expanded borrowing and investment powers of up to Rs. 50 Crores each. These governance decisions could affect future capital structure and related-party exposure.