Re-Appointment of the Internal Auditors - M/s S. Tandon & Associates, Chartered Accountants (FRN-006388N) for FY 2026-27
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Majestic Auto's board approved unaudited Q3 FY26 results on February 11, 2026. Standalone Q3 revenue from operations was ₹339.78 lakhs with a profit after tax of ₹499.02 lakhs. For the nine months ended December 2025, standalone PAT jumped to ₹11,718.49 lakhs from ₹710.12 lakhs a year ago, primarily driven by an exceptional gain of ₹12,280 lakhs from the sale of its subsidiary Emirates Technologies Private Limited (ETPL) for ₹196 crore in September 2025. The board declared a Special Interim Dividend of ₹35 per share (350% on face value of ₹10) using profits from the ETPL sale, with a record date of February 17, 2026 and payment by March 13, 2026. The board also re-appointed M/s S. Tandon & Associates as Internal Auditors for FY 2026-27 at an annual fee of ₹80,000. The statutory auditor issued an unqualified limited review report on both standalone and consolidated results.
The huge profit jump and special dividend are one-time events tied to the ETPL subsidiary sale, not recurring earnings. Shareholders will receive a generous ₹35/share payout, but core operational revenue continues to decline and future earnings will normalize without the exceptional gain. The stock may react positively to the dividend news but investors should note the non-recurring nature of these profits.