Transfer of 214700 shares from Badam bai Kothari to Ashok Kumar Jain @Rs 10 per share
Awaiting price reaction for this filing.
Mahaveer Infoway Ltd disclosed an off-market inter-se transfer between two members of the promoter group. Mrs. Badam Bai Kothari sold her entire holding of 2,14,700 shares (3.89% of equity) to Mr. Ashok Kumar Jain at Rs. 10 per share on September 19, 2025. Post-transaction, Badam Bai Kothari holds zero shares in the company, while Ashok Kumar Jain's stake rises from 28.01% (15,43,328 shares) to 31.91% (17,58,028 shares) on a total equity base of 55,09,000 shares. The company's total share capital remains unchanged at 55,09,000 equity shares.
Since this is an internal reshuffle within the promoter family rather than a market transaction, overall promoter control and total share capital stay the same — neutral for minority shareholders. However, concentration of voting power in Mr. Ashok Kumar Jain increases, which shareholders should monitor.