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MAJESTIC
September 01, 2026
Department of Corporate Affairs,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400001
Subject: Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulation”) – Update on Disclosure dated August 24, 2026.
Security Code: 500267
Dear Sir/Madam,
This is in furtherance to our earlier communications dated April 17, 2021, November 29, 2021, December 13,
2021, December 23, 2024, July 15, 2026, July 23, 2026 and August 24, 2026, made pursuant to Regulation 30
and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 ("SEBI Listing Regulations"), as amended from time to time.
Pursuant to the Hon'ble Supreme Court order dated July 17, 2026, Majestic Auto Limited ("Company" or
"Successful Resolution Applicant" / "SRA") has commenced implementation of the Resolution Plan approved
for Sharan Hospitality Private Limited ("SHPL").
As informed earlier, the Resolution Plan contemplates the payment of ₹1,05,42,80,536 (Rupees One Hundred
Five Crore Forty-Two Lakh Eighty Thousand Five Hundred Thirty-Six Only) and out of the said amount, the
mode of infusion of funds for implementation of Resolution plan is given below:
1. ₹76,14,80,536 is to be provided towards subscription to various securities of SHPL; and
2. ₹29,28,00,000 is to be infused by way of an Inter-Corporate Deposit ("ICD") to SHPL.
In the previous phase, the Monitoring Committee of SHPL, at its meeting held on August 24, 2026, approved
and allotted the following securities aggregating to ₹40,00,00,000 to the Company, and the corresponding
funds have been infused by the Company into SHPL:
a) 5,00,000 (Five Lakh) Equity Shares of face value of ₹100/- (Rupees One Hundred Only) each, allotted at
₹100/- per Equity Share, aggregating to ₹5,00,00,000/- (Rupees Five Crore Only); and
b) 35,00,00,000 (Thirty five Crore) Non-Convertible Debentures of face value of ₹1/- (Rupee One Only) each,
allotted at ₹1/- per Non-Convertible Debenture, aggregating to ₹35,00,00,000/- (Rupees Thirty Five Crore
Only).
In the current phase, the Monitoring Committee of SHPL, at its meeting held today i.e. September 01, 2026,
approved and allotted 35,79,00,000 (Thirty-Five Crore Seventy-Nine Lakhs) Non-Convertible Debentures of
face value of ₹1/- (Rupee One Only) each, allotted at ₹1/- per Non-Convertible Debenture, aggregating to
₹35,79,00,000 /- (Rupees Thirty-Five Crore Seventy-Nine Lakhs Only) to the Company, and the
corresponding funds have been infused by the Company into SHPL.
Accordingly, out of the total proposed infusion of ₹1,05,42,80,536/-, the Company has infused an aggregate
amount of ₹75,79,00,000/-, comprising:
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Registered Office: 3rd Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 011-41641689, 41834666, Email: grievance@majesticauto.in, Website: www.majesticauto.in
MAJESTIC
a) ₹40,00,00,000/- infused in the first phase towards subscription of 5,00,000 Equity Shares and
35,00,00,000 Non-Convertible Debentures; and
b) ₹35,79,00,000/- infused in the current phase towards subscription of Non-Convertible Debentures.
In the subsequent phases, the Company shall:
• subscribe to the balance 35,80,536 NCDs;
• receive 50,00,000 bonus Redeemable Preference Shares; and
• extend the ICD of ₹29,28,00,000,
thereby completing the infusion of the remaining amount in accordance with the Resolution Plan and related
transaction documents.
Upon completion of the acquisition of all securities comprising the Equity Shares, Redeemable Preference
Shares and NCDs, the Company shall transfer the same to the NovumLake Property Fund and 360 ONE Real
Assets Advantage Fund (“Purchasers”) in accordance with the Securities Purchase Agreements executed
with such purchasers and subject to fulfillment of applicable conditions under the transaction documents and
applicable laws.
The Company shall keep the stakeholders informed of further material developments in accordance with the
applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We are enclosing herewith the relevant annexures as required under the SEBI Listing Regulations read along
with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
(as amended from time to time), and marked the same as Annexure A.
We request you to take the aforesaid disclosure on record.
Thanking You.
Yours faithfully
For Majestic Auto Limited
Nishant Sharma
Company Secretary & Compliance Officer
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Registered Office: 3rd Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 011-41641689, 41834666, Email: grievance@majesticauto.in, Website: www.majesticauto.in
MAJESTIC
Annexure A
Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026
dated January 30, 2026
Sr. Particulars Securities Purchase and other transaction Agreements
a) name(s) of parties with whom the agreement is NovumLake Property Fund and 360 ONE Real Assets
entered Advantage Fund (Purchasers) along with related
transaction counterparties under escrow and funding
arrangements.
b) purpose of entering into the agreement To set out the framework for proposed transfer of
securities, along with related escrow and funding
arrangements, as issued/proposed to be issued to the
Company pursuant to implementation of the Resolution
Plan of SHPL and other related transaction documents.
c) shareholding, if any, in the entity with whom the
agreement is executed
d) significant terms of the agreement (in brief) The Agreements provides for the proposed transfer of
special rights like right to appoint directors, first the securities as already issued/proposed to be issued to
right to share subscription in case of issuance of the Company pursuant to implementation of the
shares, right to restrict any change in capital Resolution Plan for an agreed total Sale consideration as
structure etc.; mentioned in the disclosure dated August 24, 2026.
The Agreement does not confer any special rights such as
appointment of directors, pre-emptive rights or
restrictions on the capital structure of the Company.
e) whether, the said parties are related to No. They are not related to the Promoter, Promoter
promoter/promoter group/ group companies in Group or Group Companies of the Company.
any manner. If yes, nature of relationship
f) whether the transaction would fall within related No. The Agreement does not constitute a related party
party transactions? If yes, whether the same is transaction.
done at “arm’s length”
g) in case of issuance of shares to the parties, details
of issue price, class of shares issued
h) any other disclosures related to such agreements,
viz., details of nominee on the board of directors of
Not Applicable.
the listed entity, potential conflict of interest
arising out of such agreements, etc.;
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Registered Office: 3rd Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 011-41641689, 41834666, Email: grievance@majesticauto.in, Website: www.majesticauto.in
MAJESTIC
Sr. Particulars Securities Purchase and other transaction Agreements
i) in case of termination or amendment of Any amendment or termination shall be disclosed, if
agreement, listed entity shall disclose additional applicable, in accordance with Regulation 30 of the SEBI
details to the stock exchange(s): Listing Regulations.
a) name of parties to the agreement;
b) nature of the agreement;
c) date of execution of the agreement;
d) details of amendment and impact thereof or
reasons of termination and impact thereof.
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Re
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