BSECompany Update23 Jul 2026 · 23 Jul 2026, 05:42 pm
Details as per attachment enclosed.
Majestic Auto Ltd-$ · 500267
✦ AI Summary▲ PositiveDebt Restruc.
Majestic Auto Ltd has received an order from the Hon'ble Supreme Court of India, allowing the implementation of the Resolution Plan of Sharan Hospitality Private Limited (SHPL). The company has fulfilled the condition relating to obtaining the order of the Hon'ble Supreme Court and may proceed with the implementation of the Resolution Plan, including payment of the Resolution Plan Amount and the Additional Interest Amount.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Majestic Auto Ltd-$ - 500267 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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MAJESTIC
July 23,2026
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 July 15, 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 and July 15, 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.
‘We wish to inform that in Civil Appeal No. 9735 of 2024, the Hon'ble Supreme Court of India, by its order
dated July 17, 2026, a copy of which was received by the Company on July 23, 2026, has allowed LA. No.
200247/2026 and permitted implementation of the Resolution Plan of Sharan Hospitality Private Limited
("SHPL"), as agreed in terms of the Consent and Dispute Settlement Agreement dated July 15, 2026 executed
between Majestic Auto Limited and Assets Care & Reconstruction Enterprise Limited ("ARC"). The Hon'ble
Supreme Court has also taken on record the aforesaid Consent and Dispute Settlement Agreement.
In view of the aforesaid order, the condition relating to resolution of the proceedings before the Hon'ble
Supreme Court and the requirement of obtaining orders of the Hon'ble Supreme Court, as referred to in the
Company's disclosure dated July 15, 2026, stand fulfilled. Accordingly, the Company may proceed with the
implementation of the Resolution Plan of SHPL, including payment of the Resolution Plan Amount and the
Additional Interest Amount contemplated thereunder, and implementation of the inter-related transaction
documents (Securities Purchase and other transaction Agreements), in accordance with their respective
terms and applicable legal and regulatory requirements.
‘We are enclosing herewith the details of aforesaid agreements 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 L.
The Company shall keep the Stock Exchange informed of any further material developments in the above
matter in accordance with the applicable provisions of the SEBI Listing Regulations. 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: 3% Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 01141641689, 41834666, Email: grievance@majesticauto.in, Website: wwiw.majesticauto.in
MAJESTIC
Annexure [
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 Consent Agreement Securities Purchase and other
No. transaction Agreements
a) || name(s) of parwitth iwhoemtshe || Assets Care & Reconstruction NovumLake Property Fund and 360
agreement is entered Enterprise Limited (“ARC") ONE Real Assets Advantage Fund
(Purchasers) along with related|
transaction counterparties under|
escrow and funding arrangements.
b) || purpose of entering into the || To record the settlement arrived || To set out the framework for
agreement atbetweethne Compaandn AyRC || proposed transfer of securities,
in relation to the Resolution Plan || along with related escrow and
of SHPL and to jointly approach || funding arrangements, proposed to
the Hon'ble Supreme Court || be issued to the Company pursuant
seeking withdrawal/disposal of || to implementation of the Resolution
the pending proceedings, thereby || Plan of SHPL, subject to satisfaction
facilitating implementation of the || of the agreed conditions precedent,
Resolution Plan, subject to the || including execution of the Consent
orders of the Hon'ble Supreme || Agreement and order of the Hon'ble
Court and completion of || Supreme Court.
applicable legal and regulatory
formalities. Subsequently, pursuant to the order
dated July 17, 2026, a copy of which
Subsequently, pursuant to the || wasreby tche eComipanvy oenJduly
order dated July 17, 2026, a copy || 23, 2026, passed by the Hon'ble
of which was received by the || Supreme Court permitting
Company on July 23, 2026, | implementation of the Resolution
passed by the Hon'ble Supreme || Plan, the condition relating to
Court permitting implementation || obtaining the order of the Hon'ble
oft he Resolution Plan and taking || Supreme Court stands fulfilled.
the Consent and Dispute
Settlement Agreement on record,
the condition relating to
obtaining orders of the Hon'ble
Supreme Court stands fulfilled.
c) || shareholding, if any, in the entity
with whom the agreement is || NIL NIL
executed
d) || significant terms of the || The Agreement does not confer || The Agreements provides for the
agreement (in brief) special | any special rights such as || proposed transfer of the securities
rights like right to appoint || appointment of directors, pre- || proposed to be issued to the
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Registered Office: 3% Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 01141641689, 41834666, Emnil: grievance@umajesticauto in, Website: www.majesticauto.in
MAJESTIC
Sr. Particulars Consent Agreement Securities Purchase and other
No. transaction Agreements
directors, first right to share || emptive rights, rights relating to || Company pursuant to
subscinr caise pof tissiuanoce nof || subscription of securities, or || implementation of the Resolution
shares, right to restrict any || restrictions on the capital || Plan for an agreed consideration,
change in capital structure etc.; structure of the Company. subject to fulfilment of the
conditions precedent, including
implementation of the Resolution
Plan and execution of consent
agreement, settlement with lender
to SHPL and resolution of the case
before Hon'ble Supreme Court.
Subsequently, pursuant to the order
dated July 17, 2026, a copy of which
was received by the Company on July
23, 2026, passed by the Hon'ble
Supreme Court permitting
implementation of the Resolution
Plan, the condition relating to
resolution of the proceedings before
the Hon'ble Supreme Court stands
fulfilled.
The Agreement does not confer any
special rights such as appointment of
directors, pre-emptive rights or
restrictions on the capital structure
oft he Company.
e) || whether, the said parties are || No. ARC is not related to the | No. They are not related to the
related to promoter/promoter || Promoter, Promoter Group or || Promoter, PromGrooup tor eGrorup
group/ group companies in any || Group Companies of the || Companies of the Company.
manner. If yes, nature of | Company
relationship
f) whether the transaction would || No. The Agreement does not || No. The Agreement does not
fall within related party || constitute a related party || constitute a related party
transactions? If yes, whether the || transaction. transaction.
same is done at “arm’s length”
g) || incaseofiosf sshuaraesntoc tehe
parties, details of issue price,
class of shares issued No No
h) || any other disclosures related to |[Not Applicable. Not Applicable.
such agreements, viz, details of
MAJESTIC AUTO LIMITED
CIN: L35911DL1973PLC353132
Registered Office: 3% Floor, 2A, Mahindra Tower, District Centre, Bhikaji Cama Place, New Delhi - 110066
Tel: 01141641689, 41834666, Emnil: grievance@umajesticauto in, Website: www.majesticauto.in
MAJESTIC
Sr. Particulars Consent Agreement Securities Purchase and other
No. transaction Agreements
nominee on the board of
directors of the listed entity,
poten
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