Majestic Auto Ltd. to Sell Entire 80% Stake in Emirates Technologies for INR 196 Cr.

Majestic Auto Ltd. has entered into an agreement to sell its entire 80% stake in its subsidiary, Emirates Technologies Private Limited, for a total consideration of INR 196,00,00,000. The transaction is expected to be completed on September 14, 2025. The buyers include Rhombus Infrazone Private Limited, Mr. Gurpreet Singh Sobti, Mr. Harsimhar Deep Singh, Mr. Naresh Arora, Mr. Chirag Arora, and Equilateral Techpark Private Limited. None of the buyers belong to the promoter/promoter group/group companies. The sale is not part of any scheme of arrangement.