Majestic Auto Limited has scheduled its 53rd Annual General Meeting for August 17, 2026. The meeting will be conducted through Video Conferencing and Other Audio Visual Means, commencing at 11:00 AM IST. This announcement follows the publication of newspaper advertisements on July 03, 2026, informing shareholders and regulatory bodies about the upcoming event.

The convening of the meeting is in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the proceedings adhere to Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and the Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India.

Nishant Sharma, the Company Secretary and Compliance Officer, signed the disclosure addressed to the Department of Corporate Affairs and BSE Limited. The communication confirmed that copies of the newspaper advertisements were enclosed for the records of the exchanges and the regulatory authority.

Meeting Details

Majestic Auto Limited reported a standalone net profit of ₹114.18 crore for the financial year ended March 31, 2026, marking a significant turnaround from a loss of ₹3.36 crore in the previous year. The company’s revenue from operations for the period stood at ₹2028.57 lakh, compared to ₹2443.67 lakh in FY25.

The board has recommended a final dividend of ₹25 per share for FY 2025-26, subject to the approval of shareholders at the 53rd Annual General Meeting scheduled for August 17, 2026. This follows the payment of a special interim dividend of ₹35 per share earlier in the year.

Financial Performance

The company’s financial results for the year reflect a substantial improvement driven by exceptional items and strategic asset monetization. The profit before tax for FY26 was recorded at ₹14386.03 lakh, a sharp increase from a loss of ₹9.14 lakh in the preceding year. Total comprehensive income for the year was ₹12222.41 lakh, compared to a total comprehensive loss of ₹957.40 lakh in FY25.

Strategic Developments

During the year, the company executed the sale deed for its entire investment property for a total consideration of ₹143.52 crore. Additionally, the company sold its entire 80% investment in its subsidiary, Emirates Technologies Private Limited, for ₹196 crore. These transactions contributed to the exceptional income of ₹12280 lakh recorded during the year.

The company stated that it has completely reduced its debt by monetizing land assets, allowing it to generate cash for dividend payments. It continues to evaluate investments into higher-yield assets and opportunities to diversify its treasury operations.

Corporate Governance

The 53rd Annual General Meeting will be held through Video Conferencing and Other Audio-Visual Means (VC/OAVM) on August 17, 2026, in compliance with applicable MCA & SEBI circulars. The remote e-voting period commences on August 14, 2026, and concludes on August 16, 2026. The cut-off date for reckoning voting rights is August 10, 2026.

M/s Hari S & Associates, Chartered Accountants, audited the financial statements and issued an unmodified opinion. There were no qualifications or adverse remarks in the audit report for the financial year 2025-26.