Mahaveer Infoway Ltd shareholders approved all proposed resolutions at the 35th Annual General Meeting with overwhelming majorities exceeding 99.99% in favor.

The meeting held on September 30, 2026, in Hyderabad, saw the adoption of FY26 financial statements and the reappointment of Ashok Kumar Jain as director. Detailed voting results were submitted to the BSE on October 1, 2026, confirming the smooth passage of both ordinary and special business items.

Ordinary business approvals

Members considered and adopted the Balance Sheet as at March 31, 2026, along with the Statement of Profit and Loss Account and Cash Flow Statement for the year ended on that date. The Board of Directors' report and the Auditor's report for the same period were also approved.

Ashok Kumar Jain (DIN: 00043840) was reappointed as a director in place of himself, having retired by rotation and offered himself for reappointment. The resolution received 2,655,621 votes in favor against just 11 votes against.

Special business resolution

Under special business, shareholders approved a proposal related to inter-corporate transactions. The resolution sought approval for giving loans, guarantees, or providing security in connection with loans availed by any of the company's subsidiaries, associates, or joint ventures. This action is specified under Section 185 of the Companies Act, 2013.

This special resolution passed with 2,655,608 votes in favor and 24 votes against, representing a 99.9991% approval rate among those polled.

Voting participation details

The company provided remote e-voting facilities from September 27, 2026, to September 29, 2026. Members present at the venue who had not voted electronically were allowed to cast their votes during the meeting and for 15 minutes after its conclusion. Ms. Monisha Gupta, Partner at Baheti Gupta & Co., served as the scrutinizer for the voting process.

Out of 2,620 total shareholders on the cut-off date, 81 members participated in the voting process either through remote e-voting or venue poll. Promoters and promoter group members voted on 2,483,328 shares, while public non-institutional shareholders voted on 172,304 shares.

Voting results summary

Meeting details

Mahaveer Infoway has scheduled its 35th Annual General Meeting (AGM) for September 30, 2026. The company published the notice in newspapers on September 9, confirming the date and venue at its registered office in Hyderabad.

The Board of Directors concluded its meeting on September 7, approving the logistics for the meeting and recommending the appointment of a new director. These steps finalize the process for the AGM covering the financial year ended March 31, 2026.

AGM Logistics and Voting

The board finalized the schedule and administrative details for the 35th AGM. Key decisions include the cut-off date for e-voting eligibility and the appointment of a scrutinizer.

Ms. Monisha Gupta, Practicing Company Secretary, was appointed to oversee the voting process to ensure fairness and transparency. The cut-off date of September 23, 2026, determines member eligibility for remote e-voting.

Director Appointment

The board recommended the appointment of Mr. Ashok Kumar Jain (DIN: 00043840) as a Director. His tenure is liable to retire by rotation, subject to approval by members at the ensuing AGM. Mr. Jain currently serves as the Managing Director of the company.

Loan Powers

The directors approved seeking power to advance loans or provide security under Section 185 of the Companies Act, 2013. The aggregate limit for these transactions is set at ₹10 crore, pending member approval at the AGM.