The Company in its board meeting held on 26.05.2025 has accorded its approval for shifting of its registered office as per the attachment..
MAJESAUT · price
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Majestic Auto's board approved audited FY25 results on May 26, 2025, reporting a standalone loss of Rs. 336.17 lakhs versus a profit of Rs. 2,325.17 lakhs in FY24, with standalone revenue from operations falling roughly 49% to Rs. 2,443.67 lakhs. Consolidated net profit dropped about 73% to Rs. 879.37 lakhs on revenue of Rs. 6,431.43 lakhs, hurt by negative other income from investment and mutual fund losses amid market volatility. The board recommended a final dividend of Rs. 5/share, taking total FY25 dividend to Rs. 10/share (100%), with record date August 1, 2025. The company has received Rs. 97.66 crore of the Rs. 128.50 crore sale consideration for its Greater Noida plot from Cyrrus Manufacturing LLP, boosting other current liabilities. The registered office will shift within Delhi effective September 1, 2025, and M/s Neeta A & Associates was appointed as secretarial auditor for five years. The statutory auditor issued an unmodified opinion on both standalone and consolidated results.
Despite a standalone loss this year, shareholders will receive a full 100% dividend funded by the company's healthy cash reserves and land sale advances, which may support the stock in the near term. However, the steep revenue decline and investment-related losses raise concerns about core operational performance and warrant caution on future earnings.