
Corporate Action18 Jun 2026, 02:43 pm
Majestic Research: Record Date for Share Extinguishment & Reconstitution
AI Summary
Majestic Research Services and Solutions Ltd has fixed July 8, 2026, as the record date for the extinguishment and reconstitution of its shareholdings, as per an NCLT order. All existing equity shares will be cancelled and extinguished. Public shareholders will receive 5 fresh equity shares of face value Rs. 10 for every 1,143 shares held. Resolution Applicants and Associates will be allotted 3,92,350 fresh equity shares. Post-issue, public shareholders will hold 20,650 shares, and Resolution Applicants will hold 3,92,350 shares.
Key Highlights
- Record date set for July 8, 2026, for share extinguishment and reconstitution.
- Existing equity shares to be cancelled and extinguished.
- Public shareholders to receive 5 new shares for every 1,143 held.
- Resolution Applicants to be allotted 3,92,350 new equity shares.
- Significant change in shareholding structure post-reconstitution.
Price Impact
More from MRSS