MAJESTIC AUTO LTD.-$

Majestic Auto Ltd has completed the sale of its entire stake in Sharan Hospitality Private Limited (SHPL) to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for an aggregate consideration of ₹1,05,42,80,536. The transaction includes the transfer of Equity Shares, Non-Convertible Debentures, and Bonus Redeemable Preference Shares. Additionally, SHPL has repaid an Inter-Corporate Deposit of ₹29,28,00,000 to Majestic Auto. This divestment results in SHPL ceasing to be a wholly owned subsidiary and generates a pre-tax gain of approximately ₹29,28,00,000 for Majestic Auto. The entire transaction, as envisaged under the Resolution Plan, is now complete.

Majestic Auto Ltd has completed the transfer of all securities of Sharan Hospitality Private Limited (SHPL) to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for an aggregate consideration of ₹1,05,42,80,536. Concurrently, SHPL repaid an Inter-Corporate Deposit of ₹29,28,00,000 to Majestic Auto. As a result, SHPL has ceased to be a wholly-owned subsidiary of Majestic Auto Ltd. The transaction has led to a pre-tax gain of approximately ₹29,28,00,000 for the company, marking the completion of the entire transaction envisaged under the Resolution Plan.

Majestic Auto Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Designated persons and their immediate relatives are prohibited from trading during this period. The exact date of the board meeting to approve these financial results will be communicated later. Further details are available on the company's investor website.

Majestic Auto Limited has successfully completed the corporate actions required for the credit of 50,00,000 Bonus Redeemable Preference Shares (Bonus RPS) of Sharan Hospitality Private Limited (SHPL). These Bonus RPS, along with Equity Shares and Non-Convertible Debentures, are now held by Majestic Auto in dematerialised form, fulfilling conditions related to a Resolution Plan. The company is now positioned to proceed with the transfer of these securities to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund as per the Securities Purchase Agreements, subject to applicable conditions and laws. Further material developments will be disclosed as required.

Majestic Auto Ltd has announced the appointment of Mr. Puneet Verma as its new Chief Financial Officer (CFO). The appointment was approved by the Board of Directors on September 22, 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Verma brings over 10 years of experience in financial management, accounting, taxation, and regulatory compliance. His expertise includes direct and indirect taxation, GST, TDS, NBFC compliances, audits, financial reporting, and working capital management. He holds degrees in Law, Commerce, and Bachelor of Commerce, equipping him with a strong foundation in financial, taxation, and legal matters to support the company's growth objectives.

Majestic Auto Limited has successfully implemented the Resolution Plan for Sharan Hospitality Private Limited (SHPL) as per the Supreme Court order dated July 17, 2026. The Monitoring Committee has been dissolved, and the reconstituted Board of SHPL has assumed management. SHPL's Board approved the issuance of 50,00,000 Bonus Redeemable Preference Shares (Bonus RPS), which was subsequently approved by SHPL's members at an EGM. Corporate actions for Non-Convertible Debentures allotted to Majestic Auto have been completed. The Bonus RPS, once credited, along with existing Equity Shares and NCDs, will be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund as per Securities Purchase Agreements.

Majestic Auto Ltd has announced the completion of its acquisition of Sharan Hospitality Private Limited (SHPL). The total infusion of funds amounts to ₹1,05,42,80,536, comprising ₹76,14,80,536 towards subscription of securities (₹5 Crore in Equity Shares and ₹71,14,80,536 in Non-Convertible Debentures) and ₹29,28,00,000 via an Inter-Corporate Deposit. Following the allotment of equity shares, SHPL has become a wholly-owned subsidiary of Majestic Auto. The company will transfer the acquired securities, along with pending NCDs and proposed Bonus Redeemable Preference Shares, to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund upon completion of requisite corporate actions.

Majestic Auto Ltd has announced the full infusion of ₹1,05,42,80,536 towards the Resolution Plan for Sharan Hospitality Private Limited (SHPL). This includes ₹76,14,80,536 for subscription to SHPL securities and ₹29,28,00,000 as an Inter-Corporate Deposit. Following the allotment of 35,80,536 Non-Convertible Debentures and the disbursement of the ICD, Majestic Auto has completed the entire funding. The company has also completed the corporate action for 5,00,000 Equity Shares, making SHPL a wholly-owned subsidiary. The remaining NCDs and proposed Bonus Redeemable Preference Shares will be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund upon completion.

Majestic Auto Ltd has commenced implementation of the Resolution Plan for Sharan Hospitality Private Limited (SHPL) following a Supreme Court order. The total resolution plan involves an infusion of ₹1,05,42,80,536. Of this, ₹76,14,80,536 is for subscribing to SHPL's securities, and ₹29,28,00,000 is via an Inter-Corporate Deposit. In the first phase, Majestic Auto invested ₹40,00,00,000 in equity shares and NCDs. In the current phase, ₹35,79,00,000 has been infused via NCDs, bringing the total infused amount to ₹75,79,00,000. Future phases include subscribing to more NCDs, receiving bonus preference shares, and extending the ICD. The acquired securities will be transferred to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.

Majestic Auto Ltd has begun implementing the Resolution Plan for Sharan Hospitality Private Limited (SHPL) following a Supreme Court order dated July 17, 2026. The plan involves a total payment of ₹105.42 crore, comprising ₹81.84 crore for the Resolution Plan Amount and ₹23.58 crore for Additional Interest. Funds will be used for subscription to SHPL securities (₹76.14 crore) and an Inter-Corporate Deposit (₹29.28 crore). In the first phase, Majestic Auto has infused ₹40 crore into SHPL by subscribing to equity shares and NCDs, making SHPL a wholly-owned subsidiary. Subsequent phases include subscribing to remaining NCDs, receiving bonus preference shares, and extending the ICD. The company expects to realize a pre-tax gain of approximately ₹29.28 crore upon transferring securities to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.