BSEGeneral1d ago · 1 Oct 2026, 05:24 pm

Outcome of Board meeting held on October 1, 2026 - Intimation under Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Majestic Research Services and Solutions Ltd · 539229

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Majestic Research Services and Solutions Ltd has announced the outcome of its board meeting held on October 1, 2026, where it approved the cancellation and extinguishment of existing equity shares held by promoters and public shareholders, and the allotment of fresh equity shares to certain individuals.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk9/10
Liquidity Impact2/10
Market Sentiment1/10

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Majestic Research Services and Solutions Ltd - 539229 - Board Meeting Outcome for Outcome Of Board Meeting Held On October 1, 2026

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MRSSlndia.com MAJESTIC RESEARCH SERVICES AND SOLUTIONS LIMITED (CIN: L72200KA2012PLC063818) Date: October 1, 2026 The Manager Listing Department, BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 539229 Sub: Outcome of Board meeting held on October 1, 2026 - Intimation under Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Director of the Company at its meeting held today has inter alia approved the following: 1) Pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, the Companies Act, 2013, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Resolution Plan, the Order of the Hon’ble National Company Law Tribunal, Bengaluru Bench, Bengaluru dated June 20, 2025 approving the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 (herein, collectively to be referred as “Approved Resolution Plan”), we hereby inform you that the Board of Directors (‘Board’) of “Majestic Research Services and Solutions Limited” (‘Company’) at its meeting held today, i.e., October 1, 2026, have in accordance with the Approved Resolution Plan considered and approved the following: i) Cancellation and extinguishment of all the existing equity shares held by the existing Promoter and Promoter Group i.e. 51,36,992 equity shares of face value of Rs. 10/- each, without payment of any consideration. ii) Cancellation and extinguishment of all existing equity shares held by the existing public shareholders as on the Record Date i.e. July 8, 2026, i.e. 48,89,008 equity shares of face value of Rs. 10/- each and allotment of 20,650 fresh equity shares of face value of Rs. 10/- each to the existing public shareholders as on the Record date, without any consideration. Any fractional shares entitlement to the public shareholders shall be ignored and no allotment for any fraction will be considered. 1 | Page MRSSlndia.com MAJESTIC RESEARCH SERVICES AND SOLUTIONS LIMITED (CIN: L72200KA2012PLC063818) iii) Allotment of 3,92,350 fresh equity shares of face value of ₹10/- each at a price of Rs. 10/- each on preferential basis in accordance with the Approved Resolution Plan, to the following allottees: Sr. No. of Fresh Equity shares of No. Name of Allotee face value of Rs. 10/- each fully paid-up alloted 1 Parth Shaileshbhai Patel 1,56,940 2 Rashmikaben S Patel 1,17,705 3 Alpesh Amrutlal Patel 39,235 4 Ni�n Dahyabhai Patel 39,235 5 Jalak Shaileshbhai Patel 39,235 Total 3,92,350 The Board Meeting commenced at 4:00 P.M. (IST) and concluded at 5:00 p.m. (IST) You are requested to kindly take the same on record. For Majestic Research Services and Solutions Limited Parth Shaileshbhai Patel Director DIN: 09135806 2 | Page