Majestic Auto Limited to Divest 80% Stake in Emirates Technologies for ₹1,960 Crores
Majestic Auto Limited has agreed to sell its 80% stake in Emirates Technologies Private Limited (ETPL) for ₹1,960 crores. The buyers include Rhombus Infrazone Private Limited, Equilateral Techpark Private Limited, and four individuals not associated with Majestic Auto's promoter group. An advance of ₹1,246.59 crores has been received, with the transaction expected to complete by September 14, 2025. The sale, representing 11.60% of Majestic Auto's consolidated net worth, was approved by shareholders and complies with SEBI regulations.
08Aug 25
Majestic Auto Limited Reports Robust Q1 Performance with ₹13.30 EPS and 100% Total Dividend
Majestic Auto Limited, operating in real estate and management services, reported robust Q1 financial results. Consolidated revenue from operations was ₹1,539.34 lakhs, with a net profit of ₹1,382.67 lakhs and EPS of ₹13.30. Standalone figures showed revenue of ₹617.96 lakhs, net profit of ₹949.69 lakhs, and EPS of ₹9.13. The company announced a total dividend of ₹10 per share for the previous financial year, representing a 100% payout. Majestic Auto also received ₹4.08 crore as part of an ongoing ₹128.50 crore land sale agreement.