BSECompany Update17 Sept 2026 · 17 Sept 2026, 10:43 pm
Details as per attachment enclosed
Majestic Auto Ltd-$ · 500267
✦ AI SummaryDebt Restruc.
Majestic Auto Ltd has successfully implemented the Resolution Plan for Sharan Hospitality Private Limited and has issued 50,00,000 Bonus Redeemable Preference Shares. The company will transfer these shares, along with existing equity shares and non-convertible debentures, to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Majestic Auto Ltd-$ - 500267 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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MAJESTIC
September 17, 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
September 04, 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, August 24, 2026, September
01, 2026 and September 04, 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 successfully implemented the
Resolution Plan approved for Sharan Hospitality Private Limited ("SHPL").
Pursuant thereto, the Monitoring Committee constituted for implementation of the Resolution Plan
has been dissolved and the reconstituted Board of Directors of SHPL has assumed management and
control of SHPL.
Further, upon completion of implementation of the Resolution Plan, the Board of Directors of SHPL
at its meeting held today, i.e. September 17, 2026, approved the issuance and allotment of 50,00,000
(Fifty Lakh) Bonus Redeemable Preference Shares ("Bonus RPS") subject to approval of the
members of SHPL. Subsequently, the members of SHPL at the Extraordinary General Meeting held
today, i.e. September 17, 2026, accorded the requisite approval for the issuance of the aforesaid
Bonus RPS. However, the credit of Bonus RPS to the demat account of the Company shall remain
subject to completion of the necessary corporate actions with the depositories by SHPL.
Further, the corporate actions in respect of the Non-Convertible Debentures allotted to the
Company pursuant to the Resolution Plan have been completed and the said Non-Convertible
Debentures have been credited to the demat account of the Company.
Further, upon credit of the Bonus RPS to the demat account of the Company post completion of the
requisite corporate actions by SHPL, the Company shall transfer the same, together with the Equity
Shares and Non-Convertible Debentures already held by it, to the NovumLake Property Fund and
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
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 annexure 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
No. Agreements
a) name(s) of parties with whom the agreement NovumLake Property Fund and 360 ONE Real Assets
is 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 already 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
special rights like right to appoint directors, of the securities as already issued to the Company
first right to share subscription in case of pursuant to implementation of the Resolution Plan
issuance of shares, right to restrict any change for an agreed total Sale consideration as mentioned
in capital structure etc.; 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 Group or Group Companies of the Company.
in any manner. If yes, nature of relationship
f) whether the transaction would fall within No. The Agreement does not constitute a related
related party transactions? If yes, whether the party transaction.
same is done at “arm’s length”
g) in case of issuance of shares to the parties,
details of issue price, class of shares issued
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
No. Agreements
h) any other disclosures related to such
agreements, viz., details of nominee on the
board of directors of the listed entity, Not Applicable.
potential conflict of interest arising out of
such agreements, etc.;
i) in case of termination or amendment of Any amendment or termination shall be disclosed, if
agreement, listed entity shall disclose applicable, in accordance with Regulation 30 of the
additional details to the stock exchange(s): SEBI 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
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