Appointment of Company Secretary & Compliance Officer with effect from November 08, 2025.
MAJESAUT · price
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Majestic Auto's board, at its meeting on November 8, 2025, appointed Mr. Nishant Sharma (ICSI Membership No. A75294) as the new Company Secretary and Compliance Officer (Key Managerial Personnel) with immediate effect. He is an ICSI Associate Member with a B.Com degree and experience in corporate secretarial, SEBI, MCA, RBI, and IRDA compliances. The board also approved the unaudited standalone and consolidated financial results for Q2 and H1 FY26 (quarter and half-year ended September 30, 2025). A notable item in the results is an exceptional gain of ₹93.46 crore from the sale of the company's entire stake in subsidiary Emirates Technologies Private Limited (1.60 crore shares at ₹22.50/share, totalling ₹196 crore) on September 4, 2025. The company also disclosed a change of registered office and an advance of ₹109.74 crore received against a ₹128.50 crore plot sale agreement with Cyrrus Manufacturing LLP.
Routine KMP appointment with no governance red flags; the subsidiary sale has boosted H1 earnings significantly via an exceptional item, though core operating revenue remains modest, so shareholders should focus on the sustainability of underlying business rather than the one-time gain.