The Record Date for payment of the Special Interim Dividend for FY 2025-26 shall be Tuesday, February 17, 2026.
MAJESAUT · price
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Majestic Auto's board declared a Special Interim Dividend of ₹35 per share (350% on face value of ₹10) for FY25-26, with record date February 17, 2026 and payment on or before March 13, 2026. The dividend is being funded entirely from a one-time gain of ₹12,280 lakhs booked in Q2FY26 from selling its subsidiary Emirates Technologies Pvt Ltd (ETPL) for ₹196 crore — ETPL ceased to be a subsidiary from September 4, 2025. Core operations are weak: 9MFY26 revenue from operations fell ~9% YoY to about ₹1,681 lakhs versus ₹1,850 lakhs in 9MFY25. Standalone 9MFY26 PAT was ₹117.18 lakhs vs ₹7.10 lakhs last year, but this jump is almost entirely the ETPL sale exceptional item — underlying operating profit is much lower. The company also re-appointed M/s S. Tandon & Associates as internal auditors for FY26-27.
The ₹35 special dividend is a one-off distribution backed by subsidiary sale proceeds, not recurring earnings — shareholders will get it, but it does not signal sustained profitability. The underlying business is in revenue decline and is now classified as real estate and management services after shedding its auto subsidiary, which may weigh on the stock despite the headline dividend.