Majestic Research Services: Promoters Acquire 3.92 Lakh Shares via Preferential Allotment

Majestic Research Services and Solutions Ltd has disclosed the preferential allotment of 3,92,350 equity shares to its promoters/acquirers: Parth Shaileshbhai Patel, Rashmikaben S Patel, Alpesh Amrutlal Patel, Nitin Dahyabhai Patel, and Jalak Shaileshbhai Patel. The allotment, at a price of Rs. 10 per share, is part of an Approved Resolution Plan sanctioned by the National Company Law Tribunal (NCLT), Bengaluru Bench, under the Insolvency and Bankruptcy Code, 2016. This acquisition is exempt from open offer requirements under Regulation 10(1)(da) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Post-acquisition, the promoters collectively hold a significant stake in the company.