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Outcome of AGM

| Updated on August 16, 2011 Published on August 16, 2011

Mahaveer Infoway Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on August 16, 2011, inter alia, have considered and duly approved the following:

1. The audited Balance sheet of the Company as at March 31, 2011, the Profit & Loss A/c for the year ended as on that date and the report of the Directors and Auditors there on.

2. Dividend @ 5% i.e., Rs. 0.50 per equity share.

3. Re-appointment of Mr. Ashok Kumar Jain.

4. Reappointment of Mr. Rajender Kumar Jain.

5. Reappointment of M/s. Kalyana & Co., Chartered Accountants as Auditors.

6. Appointment of Mr. Hanuman Das Malu as Director.

7. Increase in Authorized Share Capital from Rs. 6 Crores to Rs. 20 crores.

8. Issue of Equity shares through Follow on Public issue up to Rs. 50 crores.

9. Raising of funds through issue of ADRs/GDRs/FCCB/QIP up to Rs. 50 crores.

Source : BSE - >www.bseindia.com

Published on August 16, 2011
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