Majestic Auto Ltd has accepted the resignation of its Chief Financial Officer, Ajay Kumar, effective June 24, 2026, due to personal reasons. The Board of Directors approved the resignation on June 8, 2026, relieving him from his duties at the close of business hours on the effective date. The disclosure was made to BSE Limited in compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company stated that the resignation was submitted by Ajay Kumar, who served as a Key Managerial Personnel. In his resignation letter addressed to the Board, he cited personal reasons for his inability to continue employment. The Managing Director, Manish Munjal, accepted the resignation on June 8, 2026.

The following table details the specifics of the cessation:

The company has requested the exchange to treat the communication as compliance with the applicable provisions of the Listing Regulations. The resignation details were enclosed as per the requirements of the SEBI Master Circular dated January 30, 2026.

Majestic Auto Limited has scheduled its 53rd Annual General Meeting (AGM) for August 17, 2026, to be conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM). The meeting will transact business as set out in the notice convening the AGM, with the facility provided by Alankit Assignments Limited. The company has dispensed with the requirement of sending physical copies of the notice and annual report, opting instead for electronic delivery to registered email addresses.

The Board of Directors recommended a final dividend of ₹25 per equity share of ₹10 each fully paid up for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming AGM. If approved, the payment will be made within 30 days from the date of declaration, subject to tax deduction at source as applicable.

Shareholders eligible for the dividend must hold shares as Beneficial Owners or Members in the Register of Members as of the end of business hours on August 10, 2026, which has been fixed as the record date. The company has specified that the dividend will be paid to those persons or their mandates whose names appear on the records after giving effect to valid requests for transmission or transposition of shares.

Remote e-voting facilities will be available for shareholders to cast their votes on the businesses to be transacted at the AGM. The e-voting period commences on August 14, 2026, at 9:00 AM IST and concludes on August 16, 2026, at 5:00 PM IST. Detailed instructions for remote e-voting and attending the AGM via VC/OAVM will be provided in the notes section of the notice.

The notice of the 53rd AGM and the Annual Report for FY 2025-26 will be available for download on the company's website and the websites of BSE Limited and NSDL. Shareholders holding shares in physical mode who wish to register or update their email addresses and bank details are requested to submit Form ISR-1 to the company's Registrars and Share Transfer Agent, Alankit Assignments Limited.

Key AGM Details