Majestic Auto CFO Ajay Kumar resigns citing personal reasons

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

MAJESAUT · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹339.00

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.5% vs market

Diversified Commercial Services peers, median of 76sector-0.3%+1.2% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.2 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-2.7-0.9-1.8-1.0-1.6

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Majestic Auto Ltd announced that its Chief Financial Officer, Mr. Ajay Kumar, has resigned due to personal reasons. The Board accepted his resignation letter on June 8, 2026, and he was relieved from duties at the close of business on June 24, 2026. The company has not yet named a replacement.

Likely market impact

CFO exit may cause short-term uncertainty. Watch for a successor announcement to ensure financial continuity.