Held on 12 February 2015
Mahaveer Infoway announced that the Board of Directors of the Company at its meeting held on 12 February 2015, inter alia, has considered and approved the following:1. Authority to make investment in the Subsidiary Companies within the Limit mentioned in Section 186 of Companies Act, 2013 and Rules made there-under.
2. Authority to Increase Authorised Share capital of Minfy Technologies Private Limited (Formerly Known as 'Mahaveer Projects Private Limited') Subsidiary Company of Mahaveer Infoway Limited from 1 Lakh to 50 Lakhs.
3. Increase in Authorised Share Capital of Mahaveer Telecom, Subsidiary Company of Mahaveer Infoway from 5 Lakh to 50 Lakhs.
4. Authority to maintain its books of Accounts, other relevant Books, Papers and Financial Statement in respective Branches of the Company.
5. Make Application for Direct Listing on Bombay Stock Exchange (BSE).
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