Mahaveer Infoway Ltd — Important, 23-09-2025: Company Update

Mahaveer Infoway announced a significant internal promoter group transaction. Mrs. Badam Bai Kothari, a promoter, sold 2,14,700 equity shares through an off-market deal for 0.21 Cr. Concurrently, Mr. Ashok Kumar Jain, also a promoter, acquired these 2,14,700 shares for the same amount. This acquisition increased Mr. Jain’s total shareholding from 28.01% to 31.91% of the company's equity, while Mrs. Kothari's holding became zero. This off-market transfer signifies a realignment of ownership within the promoter group, offering transparency to shareholders regarding control.