Mahaveer Infoway has scheduled a Board of Directors meeting for Monday, September 7, 2026. The session will address the upcoming Annual General Meeting and key administrative appointments.

The company notified the BSE Limited under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda focuses on governance matters for the financial year ended March 31, 2026.

Key Agenda Items

The board will consider the following matters:

• Fixing the date, time, and venue for the 35th Annual General Meeting (AGM).
• Approving the draft Notice for the AGM and the draft Director’s Report with annexures.
• Determining the cut-off date for remote e-voting eligibility.
• Appointing a scrutinizer for the e-voting process.

Director Appointment

The board plans to recommend the appointment of Mr. Ashok Kumar Jain (DIN: 00043840) as a Director. His tenure would begin on September 29, 2025, subject to member approval at the AGM. He will be liable to retire by rotation.

Loan Powers

The directors will seek 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.

Mahaveer Infoway Limited reported a net loss of ₹12.88 lakh for the quarter ended June 30, 2026, a sharp decline from the profit of ₹10.05 lakh recorded in the corresponding period of the previous year, as revenue from operations completely dried up. The company's total income for the quarter stood at ₹7.40 lakh, derived solely from other income, compared to a total revenue of ₹75.41 lakh in Q1FY26. This financial performance underscores a significant operational slowdown during the first quarter of the fiscal year.

The board of directors, in a meeting held on July 13, 2026, approved the standalone unaudited financial results for the quarter. The review was conducted in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Auditor's Review Report issued by Kalyana & Co, Chartered Accountants, confirmed that based on their review, nothing came to their attention that would suggest the financial results contained material misstatements or failed to disclose required information.

A detailed breakdown of the expenses reveals that employee costs remained the highest outflow at ₹12.97 lakh, followed by other expenses at ₹4.52 lakh and depreciation at ₹2.50 lakh. Despite the zero revenue from operations, the company managed to keep finance costs at nil for the quarter, compared to ₹2.50 lakh in the previous year. The total expenses for the quarter aggregated to ₹20.27 lakh, exceeding the total income and resulting in the reported net loss.

Financial Performance

The financial statements highlight a drastic reduction in operational activities across the company's segments. Segment reporting indicates that revenue from the IT & Consultancy segment, which was ₹75.41 lakh in the prior year quarter, fell to zero. Similarly, the Mobiles and Educational segments recorded no revenue. The unallocated revenue, which includes other income, stood at ₹7.40 lakh for the quarter.

Management Changes

In a significant administrative development, the board accepted the resignation of Ms. Monika Ashish Rathi as the Company Secretary cum Compliance Officer of the company, effective June 30, 2026. The resignation was submitted due to her acceptance of a better professional opportunity with another organization. The board has been requested to file the necessary forms with the statutory authorities regarding this change.

The reconciliation of Net Profit reported under Indian GAAP with Ind AS for the quarter ended June 30, 2026, shows no variance, with the net loss remaining at ₹12.88 lakh under both standards. The company confirmed that it has complied with Accounting Standard-34 regarding segment-wise reporting. The paid-up equity share capital remained unchanged at ₹550.90 lakh during the period.