The Company has appointed M/s Neeta A & Associates as a Secretarial Auditors of the Company for a period of 5 consecutive financial years from 2025-26 to 2029-30, subject to approval of ....
MAJESAUT · price
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Majestic Auto's board approved audited standalone and consolidated results for FY25 with an unmodified opinion from statutory auditors Hari S. & Associates. On a standalone basis, the company swung to a loss after tax of Rs. 336.17 lakhs in FY25 versus a profit of Rs. 2,325.17 lakhs in FY24, hurt by unrealised/realised losses in investments due to market volatility; consolidated net profit also fell sharply to Rs. 879.37 lakhs from Rs. 3,309.67 lakhs. The board appointed M/s Neeta A & Associates as secretarial auditors for 5 years (FY26–FY30), recommended a final dividend of Rs. 5 per share, taking the total FY25 dividend to Rs. 10 per share (100%), and fixed August 1, 2025 as the record date. The company also approved shifting its registered office within New Delhi effective September 1, 2025, and set August 8, 2025 as the date for the 52nd AGM.
Shareholders will receive a healthy Rs. 10 per share total dividend (100% payout), but weak FY25 earnings driven by investment-related losses and a clear shift toward real estate (Greater Noida land sale advancing Rs. 97.66 crore) may weigh on near-term sentiment. The office shift and routine secretarial auditor appointment are administrative and unlikely to move the stock materially.