- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
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Mahaveer Infoway's board approved the financial results for the quarter. They appointed Mr. Sachin Jain as an Executive Director (subject to shareholder approval) and Mr. Ashitosh Kothari as CFO, while Mr. Vijay Jain resigned. The board also approved selling their partnership interest in Mahaveer Skyscrapers LLP and changing their BSE scrip ID. Borrowing and lending powers were enhanced to Rs 100 Cr each, and authority was granted to mortgage company assets. The Managing Director's remuneration increase was also approved, pending shareholder concurrence. Looking ahead, the company plans to pivot its focus to electronic item import and distributorship. An Annual General Meeting is scheduled for August 29.