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Majestic Auto Limited announced the appointment of Mr. Puneet Verma as Chief Financial Officer, effective September 22, 2026, according to a regulatory filing with the BSE Limited. The appointment was made based on the recommendation of the company’s Nomination and Remuneration Committee and Audit Committee. Mr. Verma brings over 10 years of experience in financial management, accounting, taxation, and regulatory compliance, and holds a Bachelor of Laws (LL.B.), Master of Commerce (M. Com), and Bachelor of Commerce (B. Com) degrees.

Majestic Auto Limited has completed the infusion of Rs 1,05,42,80,536 in Sharan Hospitality Private Limited (SHPL) as part of a resolution plan, according to a regulatory filing on September 4, 2026. The infusion included Rs 76,14,80,536 through the subscription of securities and Rs 29,28,00,000 via an inter-corporate deposit, resulting in SHPL becoming a wholly owned subsidiary of Majestic Auto Limited. Additionally, 35,80,536 non-convertible debentures were allotted to the company, and the corporate action for 5,00,000 equity shares has been completed.

Majestic Auto Ltd share price tumbled by 9.52% to Rs 443.8 after the company`s net profit tanked by 788.97% to Rs 18.12 crore, while revenue from operations dropped sharply 100% to Rs 0.0 crore in Q2FY26 over Q1FY26. The market capitalization of Diversified Commercial Services industry group stocks on BSE stood at Rs 92323.47 crore, easing 6.90%. It has inched up 1.40% over last one week and climbed by 11.43% in last one month while the market capitalization of Majestic Auto Ltd has eased by 7.92% and 45.75% in the same period respectively. Profit before tax (PBT) of Majestic Auto Ltd stood at Rs 26.36 crore in Q2 FY26, surging by 40.06% year-on-year, and nosediving by 548.30% quarter-on-quarter. EBITDA came in at Rs 35 crore, expanding by 369.80% YoY and rallying 555.22% sequentially. Total expenses slumped by 53.30% to Rs 4.38 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.94 crore, ticking higher by 3.74% YoY. For the TTM ended FY26, revenue from operations tumbled 44.97% to Rs 35.39 crore, while net profit soared by 955.52% to Rs 92.78 crore, compared to previous TTM. EBITDA jumped by 1304% to Rs 37.95 crore, and PBT surged 640.14% to Rs 125.01 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 6.56 crore in FY26, as against Rs 99.72 crore in FY25. Majestic Auto Ltd jumped 38.95% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.56% during the same period.

Majestic Auto will hold a meeting of the Board of Directors of the Company on 11 August 2026.

Majestic Auto announced that the 53rd Annual General Meeting(AGM) of the company will be held on 17 August 2026.