This is to inform the Exchange that at the meeting of the Board of Directors of Mahaveer Infoway Limited held on Wednesday the 20th day of May, 2026 from at 4.00 p.m. to 5:30 p.m. at the ....
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Mahaveer Infoway Limited held its Board Meeting on May 20, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations declined marginally from ₹273.07 Lakhs to ₹261.48 Lakhs (down 4.2%). However, profit after tax surged 700% from ₹8.00 Lakhs to ₹64.05 Lakhs, driven by a significant increase in other income to ₹122.84 Lakhs (vs ₹28.15 Lakhs). EPS improved to ₹1.16 from ₹0.15. The company declared an unmodified audit opinion. Board also appointed new secretarial auditors (Baheti & Gupta) and internal auditors (Tarun Kumar Alwala). Negative operating cash flow of ₹53.21 Lakhs was reported, and accumulated losses stand at ₹83.69 Lakhs.
Strong PAT growth of 700% is positive for shareholders, but the revenue decline and negative operating cash flow raise concerns about operational efficiency. The accumulated losses of ₹83.69 Lakhs indicate historical underperformance despite the current year's turnaround.