BSECompany Update1d ago · 1 Oct 2026, 05:34 pm
The Board has approved cancellation and extingushment/reduction of existing equity share capital, allotment of fresh equity shares to existing public shareholders , and allotment of fresh equity shares, on preferential basis, pursuant to the approved resolution plan.
Majestic Research Services and Solutions Ltd · 539229
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Majestic Research Services and Solutions Ltd has approved the cancellation and extinguishment of existing equity shares held by promoters and public shareholders, and the allotment of fresh equity shares to existing public shareholders and on a preferential basis to certain individuals.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment5/10
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Majestic Research Services and Solutions Ltd - 539229 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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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.
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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
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