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 Ltd reported net profit of ₹18.1 Cr (+31.2% YoY) for Q1 FY27.
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.