Majestic Research Services and Solutions Limited has fixed Wednesday, July 8, 2026 as the record date for the cancellation and extinguishment of all outstanding equity shares and the issuance of fresh equity shares to existing public shareholders. This restructuring follows an order from the Hon'ble NCLT, Bengaluru Bench, dated June 20, 2025, and the implementation of the company's approved Resolution Plan.

The Board of Directors proposes to cancel all existing equity shares held by shareholders. In exchange, existing public shareholders will be issued 5 fresh equity shares of face value Rs. 10/- for every 1,143 equity shares previously held. Any fractional entitlement arising from this calculation will be ignored, and no allotment will be made for such fractions.

Consequently, the 48,89,008 existing equity shares of face value Rs. 10/- each held by public shareholders will be consolidated into 20,650 equity shares of Rs. 10/- each. Simultaneously, Resolution Applicants and Associates will be allotted 3,92,350 fresh equity shares of face value Rs. 10/- each, making them the primary shareholders of the company.

The post-issue shareholding structure will see the Erstwhile Promoter Shareholders holding NIL shares. The distribution of fresh equity shares will result in Resolution Applicants and Associates holding a significant majority of the company's share capital.

Post-Issue Shareholding Structure

Majestic Research Services and Solutions Limited has rescheduled its Board meeting to June 30, 2026, to consider and approve the standalone audited financial results for the quarter and financial year ended March 31, 2026. The meeting was originally slated for May 30, 2026, but was deferred to the new date at the company's registered office. The Board will also deliberate on the appointment of statutory, secretarial, and internal auditors for the company.

Agenda for the Board Meeting

The agenda for the meeting includes the approval of the standalone audited financial results for Q4FY26 and FY26. The Board will also consider the appointment of the Secretarial Auditor, Statutory Auditor, and Internal Auditor. Any other business with the permission of the Chair may also be considered.

Insider Trading Window Closure

Pursuant to the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the securities of Majestic Research Services and Solutions Limited shall remain closed. The window will reopen in accordance with applicable regulations.

Company and Regulatory Details

The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is managed by Rashmikaben Shaileshbhai Patel, Managing Director.