Mahaveer Infoway Ltd shareholders approved the audited financial statements for FY26 and the reappointment of Ashok Kumar Jain as director during the company's 35th Annual General Meeting.

The meeting was held on September 30, 2026, from 11:00 am to 12:45 pm at the registered office in Hyderabad. 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.

Ordinary business approvals

The members passed resolutions regarding standard corporate governance matters:

• Adoption of the Audited Balance Sheet, Profit and Loss Account, and Cash Flow Statement for FY26.
• Approval of the Board of Directors' report and the Auditor's report for the same period.
• Appointment of Ashok Kumar Jain (DIN: 00043840) in place of himself, who retired by rotation and was eligible for reappointment.

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.

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.