Appointment of Company Secretary and Compliance Officer with effect from November 08, 2025
MAJESAUT · price
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Awaiting price reaction for this filing.
Majestic Auto Limited reported standalone profit after tax of Rs 741.12 lakhs for Q2 FY26 (ended September 30, 2025), more than doubling from Rs 310.94 lakhs in Q1 FY26, taking H1 FY26 PAT to Rs 1,052.06 lakhs (vs Rs 589.99 lakhs in H1 FY25). The H1 PAT was significantly boosted by an exceptional gain of Rs 12,280 lakhs from the sale of its subsidiary Emirates Technologies Private Limited (ETPL) for Rs 196 crore, which was divested on September 4, 2025. Core revenue from operations remained modest at Rs 1,341.35 lakhs for H1 FY26. The company also received Rs 8 crore during the quarter as part of an ongoing Rs 128.50 crore land sale in Greater Noida (Rs 109.74 crore received so far). The Board has appointed Mr. Nishant Sharma (ICSI Member) as the new Company Secretary and Compliance Officer (KMP) with effect from November 8, 2025. Statutory auditor Hari S. & Associates issued an unmodified review report.
The headline earnings jump is largely a one-time windfall from the subsidiary sale rather than operational improvement, so underlying business performance remains thin. The CS appointment is a routine compliance matter and unlikely to move the stock on its own.