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MAJESAUT · price
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Majestic Auto Ltd has informed BSE about its 52nd Annual General Meeting scheduled for Friday, August 8, 2025, at 3:00 PM, to be held via Video Conferencing. The notice includes the agenda for adopting audited standalone and consolidated financial statements for FY 2024-25, confirming an interim dividend of Rs. 5 per share (already paid) and declaring a proposed final dividend of Rs. 5 per share, and re-appointing Ms. Ayushi Jain as Director. The company also seeks shareholder approval to appoint M/s Neeta A & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at an annual remuneration of Rs. 1,10,000. Remote e-voting window runs from August 5 to August 7, 2025, with cut-off date of August 1, 2025. The company's market capitalisation stood at Rs. 323.36 crore as on March 31, 2025, and as per the CMD's message, the business has transformed into a commercial real estate leasing and facility management player after monetising its manufacturing land assets to reduce debt.
Total dividend for FY25 works out to Rs. 10 per share (100%), which is a positive cash return for shareholders. The shift from manufacturing to commercial real estate leasing, along with treasury diversification away from concentrated Hero MotoCorp holding, signals a material change in business model and risk profile that shareholders should review in the annual report.