MAJESAUT · price
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Awaiting price reaction for this filing.
Majestic Auto received a favorable order from the GST Appellate Authority in Gautam Budh Nagar, UP, on January 14, 2026. The company had appealed a GST demand of Rs. 9.56 crores (raised in December 2023 for FY 2017-18). The appeal was accepted, and the demand was drastically reduced to just Rs. 3,39,238 (including a penalty of Rs. 46,165). The Appellate Authority found no deliberate violation and modified the demand after reconciliation and factual verification. As a result, the company will record an additional expense of Rs. 3.39 lakh in FY 2025-26, and the corresponding contingent liability in its books will stand extinguished.
Positive outcome for shareholders — the much larger original GST demand has been almost entirely set aside, removing a significant overhang. Impact on profits is minimal (Rs. 3.39 lakh reduction), and the contingent liability gets cleared from the balance sheet.