Majestic Auto implements SHPL resolution plan, eyes Rs 29.28 cr gain

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

MAJESAUT · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹362.60

prior close

₹369.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.5% vs market

Diversified Commercial Services peers, median of 71sector-0.3%+0.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.4 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.6

10m

-2.6

15m

-0.9

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-0.4+0.5-0.3+0.4

Next day

-1.7+0.2-1.9-0.2-1.5

+3.1-0.1+3.2-0.4+3.6

+0.4+0.2+0.2+0.0+0.4

-2.6+0.5-3.2-0.5-2.1

-1.5-0.4-1.1-0.1-1.4

-2.9-0.4-2.5-0.9-2.0

15d

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+1.0+0.3+0.7-2.7+3.6

+1.2-9.4+10.6-9.8+11.0

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 71Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Majestic Auto has begun implementing the Supreme Court-approved Resolution Plan for Sharan Hospitality Pvt Ltd (SHPL). Total plan value is Rs 105.43 crore. In phase 1, SHPL allotted 5 lakh equity shares and Rs 35 crore NCDs to Majestic Auto, making SHPL its wholly-owned subsidiary. These securities will be sold to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for Rs 105.43 crore. Expected pre-tax gain is about Rs 29.28 crore. Transaction to complete by Oct 31, 2026.

Likely market impact

One-time pre-tax gain of about Rs 29.28 crore expected; positive short-term impact on earnings upon completion by Oct 2026.