BSECompany Update29 Sept 2026 · 29 Sept 2026, 09:59 pm

Details as per attachment enclosed.

Majestic Auto Ltd-$ · 500267

✦ AI SummaryDivestiture

Majestic Auto Ltd has completed the transfer of securities of Sharan Hospitality Private Limited to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for ₹1,05,42,80,536. The transaction has resulted in a pre-tax gain of approximately ₹29,28,00,000 for the company.

Analysis Scores

Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
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 29, 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 23, 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, September 04, 2026, September 17, 2026 and September 23, 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. In continuation of the disclosure dated September 23, 2026, wherein it was informed that the Bonus Redeemable Preference Shares of Sharan Hospitality Private Limited ("SHPL") had been credited to the demat account of the Majestic Auto Limited ("Company" or "Successful Resolution Applicant" / "SRA") and that the Company could proceed with the transfer of the securities to the Purchasers, we wish to inform that the Company has transferred all securities of SHPL held by it, comprising Equity Shares, Non-Convertible Debentures and Bonus Redeemable Preference Shares, to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund ("Purchasers") for an aggregate consideration of ₹1,05,42,80,536/- ("Total Sale Consideration"), in accordance with the Securities Purchase Agreements and upon fulfilment of applicable conditions under the transaction documents and applicable laws. Further, SHPL has repaid the Inter-Corporate Deposit of ₹29,28,00,000 extended by the Company in connection with the implementation of the Resolution Plan. Therefore, the entire transaction envisaged under the Resolution Plan and the related transaction documents stands completed. Consequent to the aforesaid transfer of securities, SHPL has ceased to be a wholly owned subsidiary of the Company. Accordingly, the aforesaid transaction has resulted in a pre-tax gain of approximately ₹29,28,00,000 accruing to the Company, in accordance with the Securities Purchase Agreements and applicable transaction documents. 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 Fund flow of this transaction is reiterated below: Amount (In Rs.) Purchasers to Particulars SRA to SHPL (for SRA SHPL to subscribing (Sale of SRA Securities) (₹) Securities) as issued by (Repayment of ICD) (₹) SHPL (₹) Non-convertible Debentures 71,14,80,536 71,14,80,536 - (NCD) Equity shares 5,00,00,000 24,82,74,000 - Bonus Redeemable - 9,45,26,000 - Preference Shares Total 76,14,80,536 105,42,80,536 - Inter-Corporate Deposit 29,28,00,000 - 29,28,00,000 (ICD) 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, B and C. 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 transfer of securities, along with related escrow and funding arrangements, as 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 transfer of the special rights like right to appoint directors, securities as issued to the Company pursuant to first right to share subscription in case of implementation of the Resolution Plan for an issuance of shares, right to restrict any change agreed total Sale consideration. in capital structure etc.; 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” 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 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 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 MAJESTIC Annexure B Details under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and the SEBI Master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 Sr. Particulars Details 1 The amount and percentage of the turnover Name of the Company – Sharan Hospitality or revenue or income and net worth Private Limited (“SHPL”) contributed by such unit or division or (Figure in Lakhs) undertaking or subsidiary or associate Particulars (as SHPL Percentage to company of the listed entity during the last on March 31, Majestic Auto financial year. 2025) Limited* Turnover/ 64.54 1.01% Revenue Income 738.62 9.59% Net worth (3383.38) (5.42) % *based on consolidated financial results 2 Date on which the agreement for sale has July 15, 2026, subject to acquisition of the Company been entered into pursuant to implementation of resolution plan effective August 24, 2026. 3 The expected date of completion of Transaction has been completed today i.e. sale/disposal September 29, 2026. 4 Consideration received [Showing first 8,000 characters — download PDF for full document]