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.

Analysis Scores

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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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 [Showing first 8,000 characters — download PDF for full document]