Mahaveer Infoway Ltd — Others, 08-08-2025: AGM/EGM

Mahaveer Infoway recently announced its annual general meeting to approve key strategic moves. The company swung to a net profit of around 0.08 Cr for the year, recovering from a net loss of about 0.39 Cr previously. Shareholders will vote on increasing borrowing powers to 50 Cr and enabling the Board to make loans/investments up to 50 Cr, signaling growth ambitions. They also seek approval for related party transactions up to 10 Cr annually. A new executive director is set for regularization, and the MD's remuneration is proposed to increase to 0.24 Cr yearly. Auditors highlighted concerns about exceeding MD's pay limits without approval and pending statutory tax dues of around 8.99 Cr.