Majestic Auto Executes SHPL Plan, Dissolves Monitoring Committee
Majestic Auto Ltd implements SHPL Resolution Plan, dissolves Monitoring Committee. SHPL issues 50L Bonus RPS; corporate actions for NCDs credited to Majestic Auto's demat. Source: BSE
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23 Aug 2026 – 21 Sep 2026 · Times in IST
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Majestic Auto Ltd implements SHPL Resolution Plan, dissolves Monitoring Committee. SHPL issues 50L Bonus RPS; corporate actions for NCDs credited to Majestic Auto's demat. Source: BSE
Majestic Auto infused ₹105.4 crore into Sharan Hospitality via equity, NCDs, and ICD. SHPL is now a wholly owned subsidiary; NCD corporate actions are pending. Source: ScoutQuest
SC approves resolution plan for SHPL under Majestic Auto Ltd. ₹75.8 crore infused; remaining via NCDs, preference shares, ICDs. Source: ScoutQuest
Majestic Auto implements ₹105.4 cr resolution plan for SHPL. SHPL becomes wholly-owned; expects ₹329 cr pre-tax gain post completion. Source: ScoutQuest