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

Majestic Auto Limited has reported its audited standalone and consolidated financial results for the financial year and quarter ended March 31, 2026. The company's Board of Directors, which met on May 23, 2026, approved the results along with the recommendation of a final dividend.

Financial Performance

For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹11,418.05 lakh, a significant turnaround compared to the net loss of ₹336.17 lakh in the previous year. Total income for the year stood at ₹6,128.18 lakh, up from ₹3,629.32 lakh in the prior year. The profit was aided by exceptional items amounting to ₹12,280.00 lakh, primarily arising from the sale of a subsidiary.

On a consolidated basis, the net profit after tax for FY26 was ₹9,278.35 lakh, compared to ₹879.37 lakh in the previous year. Consolidated total income increased to ₹7,802.85 lakh from ₹7,705.26 lakh in FY25.

For the quarter ended March 31, 2026, the standalone net profit was ₹(300) lakh, while consolidated net profit was ₹(263) lakh.

Dividend Declaration

The Board of Directors has recommended a final dividend of 250%, or ₹25 per equity share, for the financial year 2025-26. This is in addition to the interim dividend of ₹35 per share already declared, taking the total dividend for the year to ₹60 per share, or 600%. The dividend is subject to the approval of shareholders at the ensuing 53rd Annual General Meeting (AGM).

The company has fixed August 10, 2026, as the record date to determine shareholder eligibility for the final dividend. The 53rd AGM is scheduled to be held on August 17, 2026.

Key Operational Updates

During the year, the company liquidated its entire investment in its subsidiary, Emirates Technologies Private Limited, for a total consideration of ₹196 crore. Additionally, the company executed a sale deed for a plot in Greater Noida for a total consideration of ₹143.52 crore.

The Board also considered the re-appointment of Mr. Aayush Munjal, Whole Time Director, who is retiring by rotation and is eligible for re-appointment.