In compliance with the Companies Act 2013, rules framed thereunder and SEBI(Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended from time to time, please find ....
MAJESAUT · price
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Awaiting price reaction for this filing.
Majestic Auto Limited has sent notice of its 52nd Annual General Meeting to be held on Friday, August 8, 2025 at 3:00 PM via video conferencing (VC/OAVM). The meeting will consider adoption of audited standalone and consolidated financial statements for FY 2024-25, confirmation of an interim dividend of Rs. 5 per share and declaration of a final dividend of Rs. 5 per share (total Rs. 10 per share, 100% for the year), and re-appointment of Ms. Ayushi Jain as director liable to retire by rotation. Shareholders will also be asked to approve the appointment of M/s Neeta A & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30) at an annual remuneration of Rs. 1,10,000. The company's market capitalisation stood at Rs. 323.36 crore as of March 31, 2025. Per the Chairman's message, the company now operates mainly in commercial real estate leasing for IT firms, has sharply reduced debt by selling non-core manufacturing land, and has diversified its treasury investments away from a concentrated position in Hero MotoCorp.
Shareholders get a 100% dividend (Rs. 10 per share) for FY25 plus a clean balance sheet after debt reduction via asset sales. Routine items like director re-appointment and secretarial auditor change are procedural and unlikely to move the stock; any stock reaction will hinge on the annual results and management commentary during the AGM.