Majestic Auto Management Change
Majestic Auto appointed Mr. Puneet Verma as CFO effective September 22, 2026. The finance professional brings over 10 years of experience in financial management and compliance.
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Majestic Auto appointed Mr. Puneet Verma as CFO effective September 22, 2026. The finance professional brings over 10 years of experience in financial management and compliance.
Majestic Auto Ltd is transferring its stake in Sharan Hospitality Pvt Ltd to third-party funds for an aggregate consideration of ₹ 105.43 Crore.
Majestic Auto completed the SHPL resolution plan implementation and received Bonus RPS and NCDs. The company will now transfer these securities to NovumLake and 360 ONE.
Majestic Auto has completed the acquisition of Sharan Hospitality Private Limited, which is now its wholly-owned subsidiary, following a court-ordered Resolution Plan implementation.
Majestic Auto completed the Rs. 105.43 Cr infusion into Sharan Hospitality, making it a wholly owned subsidiary. The stake will be sold to identified purchasers.
Majestic Auto completed the ₹105.43 Crore infusion for the Sharan Hospitality resolution plan. Sharan Hospitality is now a wholly-owned subsidiary of the company.
Majestic Auto invested ₹35.79 Crore in Sharan Hospitality via NCDs, continuing its Resolution Plan implementation. This acquisition forms part of a planned asset transfer.
Majestic Auto infused ₹35.79 Crore into Sharan Hospitality as part of a Resolution Plan, with future plans to transfer the acquired securities to designated purchasers.
Majestic Auto Ltd is selling its subsidiary, Sharan Hospitality Pvt Ltd, for ₹24.83 Crore. The transaction involves a cash consideration and is expected to close by October.
Majestic Auto Limited has acquired a 100% stake in Sharan Hospitality Private Limited for ₹5 Crore to implement a court-approved Resolution Plan.
Majestic Auto will transfer securities acquired under a resolution plan for Sharan Hospitality to external investors for a total sale consideration of ₹105.43 Crore.
Majestic Auto Limited concluded its 53rd Annual General Meeting. Shareholders approved the audited financial statements, dividend declaration, and the re-appointment of director Aayush Munjal.
Majestic Auto Ltd reported net profit of ₹18.1 Cr (+31.2% YoY) for Q1 FY27.
Majestic Auto Ltd has scheduled a board meeting for August 11, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026.
Majestic Auto Limited confirmed the implementation of a Consent and Dispute Settlement Agreement following a favorable Supreme Court order received on July 23, 2026.
Majestic Auto received Supreme Court approval to proceed with the SHPL Resolution Plan, including securities purchase agreements and interest payments, settling pending legal proceedings.
Majestic Auto entered agreements with NovumLake Property Fund and 360 ONE for transferring securities issued under SHPL's Resolution Plan. The deal involves escrow and funding arrangements.
Majestic Auto entered a settlement agreement with Assets Care & Reconstruction Enterprise. The deal facilitates a resolution plan by withdrawing pending Supreme Court proceedings.
Majestic Auto executed a settlement agreement with ARC regarding SHPL's resolution plan. The deal involves a ₹105.43 Crore total payment and transfer of securities to purchasers.
Majestic Auto sent a letter to shareholders holding physical shares, requesting PAN, KYC and nomination updates per SEBI Regulation 30. Updated details are needed for dematerialisation and dividend receipt.
Majestic Auto Ltd announced its 53rd AGM for August 17, 2026 via video conference. The FY 2025‑26 annual report is posted on its website.
Mr. Ajay Kumar has resigned as Chief Financial Officer of Majestic Auto Ltd. The resignation is effective from June 24, 2026.
Majestic Auto Ltd filed its FY26 Annual Secretarial Compliance Report. The report notes a ₹0.03 Crore fine for delayed investor grievance reporting.
Majestic Auto Ltd reported revenue from operations of ₹3.5 Cr (-76.5% YoY) and a net loss of ₹2.6 Cr for Q4 FY26.
Majestic Auto reported audited FY2025-26 financial results and recommended a final dividend of Rs. 25 per share. The 53rd AGM is scheduled for August 17, 2026.
Majestic Auto Ltd scheduled a board meeting on May 23, 2026, to approve annual results and dividend. Investors should monitor for final payout details.
Majestic Auto Ltd submitted its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the period ended March 31, 2026. The certificate, issued by Alankit Assignments Limited, confirms the dematerialisation and cancellation of physical share certificates as per regulatory requirements.