Majestic Auto Ltd

Majestic Auto Limited has completed the transfer of all securities, including Equity Shares, Non-Convertible Debentures, and Bonus Redeemable Preference Shares, of Sharan Hospitality Private Limited to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for an aggregate consideration of Rs 1,05,42,80,536, according to a regulatory filing. The company also received Rs 29,28,00,000 as repayment of an Inter-Corporate Deposit, completing the transaction under the Resolution Plan, which resulted in a pre-tax gain of approximately Rs 29,28,00,000 for Majestic Auto Limited, and causing Sharan Hospitality Private Limited to cease being a wholly owned subsidiary.

Majestic Auto Limited has completed the transfer of all securities, including Equity Shares, Non-Convertible Debentures, and Bonus Redeemable Preference Shares, of Sharan Hospitality Private Limited to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for an aggregate consideration of Rs 1,05,42,80,536, according to a regulatory filing. The company also received Rs 29,28,00,000 as repayment of an Inter-Corporate Deposit, completing the transaction under the Resolution Plan, which resulted in a pre-tax gain of approximately Rs 29,28,00,000 for Majestic Auto Limited, and caused Sharan Hospitality Private Limited to cease being a wholly owned subsidiary.

Majestic Auto Limited announced that the corporate actions related to the issuance of 50,00,000 Bonus Redeemable Preference Shares of Sharan Hospitality Private Limited have been completed, and the shares have been credited to Majestic Auto Limited's demat account. The company, which has entered into Securities Purchase Agreements with NovumLake Property Fund and 360 ONE Real Assets Advantage Fund, can now proceed with the transfer of securities, including Equity Shares, Non-Convertible Debentures and Bonus Redeemable Preference Shares, to the Purchasers, subject to fulfillment of applicable conditions.

Majestic Auto Limited announced the appointment of Mr. Puneet Verma as Chief Financial Officer, effective September 22, 2026, according to a regulatory filing with the BSE Limited. The appointment was made based on the recommendation of the company’s Nomination and Remuneration Committee and Audit Committee. Mr. Verma brings over 10 years of experience in financial management, accounting, taxation, and regulatory compliance, and holds a Bachelor of Laws (LL.B.), Master of Commerce (M. Com), and Bachelor of Commerce (B. Com) degrees.

Majestic Auto Limited announced that the Resolution Plan for Sharan Hospitality Private Limited (SHPL) has been successfully implemented following an order from the Supreme Court of India on July 17, 2026. SHPL's reconstituted board has approved the issuance and allotment of 50,00,000 Bonus Redeemable Preference Shares, which received approval from SHPL members at an Extraordinary General Meeting held September 17, 2026, and will be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund, along with Equity Shares and Non-Convertible Debentures, upon completion of corporate actions.

Majestic Auto Limited has completed the infusion of Rs 1,05,42,80,536 in Sharan Hospitality Private Limited ("SHPL") as part of a resolution plan, according to a regulatory filing on September 4, 2026. The infusion included Rs 76,14,80,536 through the subscription of securities and Rs 29,28,00,000 via an inter-corporate deposit, resulting in SHPL becoming a wholly owned subsidiary of Majestic Auto Limited. Additionally, 35,80,536 non-convertible debentures were allotted to the company, and the corporate action for 5,00,000 equity shares has been completed.

Majestic Auto Limited has completed the infusion of Rs 1,05,42,80,536 in Sharan Hospitality Private Limited ("SHPL") as part of a resolution plan, according to a regulatory filing on September 4, 2026. The infusion included Rs 76,14,80,536 through the subscription of securities and Rs 29,28,00,000 via an inter-corporate deposit, resulting in SHPL becoming a wholly owned subsidiary of Majestic Auto Limited. Additionally, 35,80,536 non-convertible debentures were allotted to the company, and the corporate action for 5,00,000 equity shares has been completed.

Majestic Auto Limited has infused a total of Rs 75,79,00,000 into Sharan Hospitality Private Limited (SHPL) as part of a resolution plan approved by the Supreme Court, according to a filing on September 1, 2026. The infusion includes Rs 40,00,00,000 through the allotment of 5,00,000 equity shares and 35,00,00,000 non-convertible debentures, and an additional Rs 35,79,00,000 through the allotment of 35,79,00,000 non-convertible debentures. The company plans to further infuse Rs 29,28,00,000 via an inter-corporate deposit and receive 50,00,000 bonus redeemable preference shares, ultimately transferring the securities to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.

Majestic Auto Ltd share price tumbled by 9.52% to Rs 443.8 after the company's net profit tanked by 788.97% to Rs 18.12 crore, while revenue from operations dropped sharply 100% to Rs 0.0 crore in Q2FY26 over Q1FY26. The market capitalization of Diversified Commercial Services industry group stocks on BSE stood at Rs 92323.47 crore, easing 6.90%. It has inched up 1.40% over last one week and climbed by 11.43% in last one month while the market capitalization of Majestic Auto Ltd has eased by 7.92% and 45.75% in the same period respectively. Profit before tax (PBT) of Majestic Auto Ltd stood at Rs 26.36 crore in Q2 FY26, surging by 40.06% year-on-year, and nosediving by 548.30% quarter-on-quarter. EBITDA came in at Rs 35 crore, expanding by 369.80% YoY and rallying 555.22% sequentially. Total expenses slumped by 53.30% to Rs 4.38 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.94 crore, ticking higher by 3.74% YoY. For the TTM ended FY26, revenue from operations tumbled 44.97% to Rs 35.39 crore, while net profit soared by 955.52% to Rs 92.78 crore, compared to previous TTM. EBITDA jumped by 1304% to Rs 37.95 crore, and PBT surged 640.14% to Rs 125.01 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 6.56 crore in FY26, as against Rs 99.72 crore in FY25. Majestic Auto Ltd jumped 38.95% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.56% during the same period.

Majestic Auto Limited will hold a board meeting on Tuesday, August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a limited review report, according to a regulatory filing with the BSE Limited. The trading window for the company's securities will remain closed until 48 hours after the declaration of the financial results.