Majestic Research Services and Solutions Ltd

Majestic Research Services and Solutions Ltd has received approval from the Registrar of Companies (ROC), Karnataka, for a three-month extension to convene its Annual General Meeting (AGM) for the Financial Year ended March 31, 2026. The company had initially sought the extension due to reasons stated in its application. The ROC's approval, dated November 4, 2026, allows the company to hold its AGM on or before December 31, 2026. The company had inadvertently filed the initial intimation under Regulation 30A of SEBI (LODR) Regulations, 2015, and is re-submitting under Regulation 30 for correct classification. A formal notice with the AGM details will be communicated to the exchange in due course.

Majestic Research Services and Solutions Ltd has received approval from the Registrar of Companies (ROC), Karnataka, for a three-month extension to convene its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had applied for this extension, and the ROC has granted it until December 31, 2026. The AGM will now be held within this extended timeline, and the specific date will be communicated later.

Majestic Research Services and Solutions Limited announced that its Board of Directors, in a meeting held on October 27, 2026, approved a proposal to apply to the Registrar of Companies (ROC) for an extension to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The extension, requested for three months up to December 31, 2026, is due to special reasons including the implementation of a Resolution Plan under the Insolvency and Bankruptcy Code (IBC), 2016, approved by the NCLT. Other reasons cited include reconstitution of accounts, pending capital reduction/restructuring, updation of shareholder records, and finalization/audit of financial statements.

Majestic Research Services and Solutions Limited announced that its Board of Directors, in a meeting held on October 27, 2026, approved a proposal to apply to the Registrar of Companies (ROC) for an extension to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The extension, requested for up to three months (until December 31, 2026), is necessitated by several critical corporate actions including the implementation of a Resolution Plan under the Insolvency and Bankruptcy Code (IBC), 2016, approved by the NCLT. Other reasons cited include reconstitution of accounts, pending capital reduction/restructuring, and updation of shareholder records post-capital reduction and proposed share listing.

Majestic Research Services and Solutions Ltd has disclosed the allotment of 392,350 equity shares of face value Rs. 10 each at Rs. 10 each to Parth Shaileshbhai Patel and associates. This allotment, totaling 95.00% of the company's total share capital post-acquisition, was made pursuant to an Approved Resolution Plan and an order from the Hon'ble National Company Law Tribunal, Bengaluru Bench, dated June 20, 2025. The acquisition was completed on October 1, 2026. Following this, Parth Shaileshbhai Patel holds 38.00%, Rashmikaben S Patel holds 28.50%, and Alpesh Amrutlal Patel, Nitin Dahyabhai Patel, and Jalak Shaileshbhai Patel each hold 9.50% of the company's equity.

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.

Majestic Research Services and Solutions Ltd's Board of Directors has approved a significant corporate restructuring as part of an Approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016. This includes the cancellation and extinguishment of all existing equity shares held by the Promoter and Promoter Group (51,36,992 shares) and existing public shareholders (48,89,008 shares) without consideration. Subsequently, 20,650 fresh equity shares will be allotted to existing public shareholders. Additionally, 3,92,350 fresh equity shares will be allotted on a preferential basis at ₹10 per share to specific individuals: Parth Shaileshbhai Patel (1,56,940 shares), Rashmikaben S Patel (1,17,705 shares), Alpesh Amrutlal Patel (39,235 shares), Nitin Dahyabhai Patel (39,235 shares), and Jalak Shaileshbhai Patel (39,235 shares).

Majestic Research Services and Solutions Ltd announced that its Board of Directors, in a meeting held on October 1, 2026, approved a Resolution Plan in accordance with the Insolvency and Bankruptcy Code, 2016. The plan involves the cancellation and extinguishment of all existing equity shares held by the Promoter and Promoter Group (51,36,992 shares) and existing public shareholders (48,89,008 shares) without consideration. Additionally, 20,650 fresh equity shares will be allotted to existing public shareholders without consideration, and 3,92,350 fresh equity shares will be allotted on a preferential basis at ₹10 per share to specific individuals, including Parth Shaileshbhai Patel, Rashmikaben S Patel, Alpesh Amrutlal Patel, NiƟn Dahyabhai Patel, and Jalak Shaileshbhai Patel.

Majestic Research Services and Solutions Ltd has announced the closure of its trading window for directors, promoters, connected persons, designated employees, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be closed effective October 1, 2026, to facilitate the consideration of the unaudited financial results for the quarter ending September 30, 2026. The window will reopen 48 hours after the declaration of these financial results. The company has advised all relevant parties not to trade in its securities during this period. The date of the board meeting to approve the financial results will be communicated separately.

Majestic Research Services and Solutions Ltd has received a one-month extension from the Registrar of Companies (ROC), Karnataka, to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had initially sought an extension of three months, but the ROC granted a one-month reprieve, setting the new deadline for the AGM on or before October 31, 2026. The company plans to announce the final AGM date in due course.