Please find attached herewith outcome of Board Meeting held on today i.e. 26.05.2025.
MAJESAUT · price
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Majestic Auto's board approved audited standalone and consolidated financial results for FY ended March 31, 2025, with the statutory auditor (Hari S. & Associates) issuing an unmodified opinion. Standalone revenue from operations fell sharply to Rs. 24.44 crore from Rs. 48.23 crore in FY24 (about 49% decline), and standalone PAT swung to a loss of Rs. 3.36 crore versus a profit of Rs. 23.25 crore last year; consolidated PAT also dropped to Rs. 8.79 crore from Rs. 33.10 crore. The board recommended a final dividend of Rs. 5 per share, taking total FY25 dividend to Rs. 10 per share (100% on face value of Rs. 10), with record date August 1, 2025 and AGM on August 8, 2025. The company also appointed M/s Neeta A & Associates as secretarial auditor for five years, approved shifting its registered office from Maharani Bagh to Bhikaji Cama Place effective September 1, 2025, and reviewed its Related Party Transactions policy. Notably, the company has received Rs. 97.66 crore as advance against a Rs. 128.50 crore land sale to Cyrrus Manufacturing LLP, which has boosted other current liabilities.
Weak core operating performance is a concern — standalone revenue nearly halved and the company slipped back into a loss — but shareholders get a generous 100% total dividend and a clean audit. The stock could see short-term support from the dividend, though the reliance on a one-time land-sale advance (Rs. 97.66 crore received, Rs. 30.84 crore still pending) rather than steady operations is a red flag for sustainable earnings.