ALFA Filings
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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.