Majestic Auto Limited (the "Company" or "Successful Resolution Applicant") has completed the implementation of the Resolution Plan for Sharan Hospitality Private Limited ("SHPL") as approved by the Hon'ble Supreme Court order dated July 17, 2026.

The Resolution Plan required a total fund infusion of ₹1,05,42,80,536 (Rupees One Hundred Five Crore Forty-Two Lakh Eighty Thousand Five Hundred Thirty-Six Only) into SHPL, structured as follows:

  • ₹76,14,80,536 towards subscription to various securities of SHPL
  • ₹29,28,00,000 by way of an Inter-Corporate Deposit ("ICD") to SHPL

The implementation occurred in three phases:

Phase 1 (Previous):

  • 5,00,000 Equity Shares of face value ₹100 each allotted at ₹100 per share (₹5,00,00,000 total)
  • 35,00,00,000 Non-Convertible Debentures of face value ₹1 each allotted at ₹1 per NCD (₹35,00,00,000 total)
  • Total Phase 1 infusion: ₹40,00,00,000

Phase 2 (Previous):

  • 35,79,00,000 Non-Convertible Debentures of face value ₹1 each allotted at ₹1 per NCD (₹35,79,00,000 total)

Phase 3 (Current - September 04, 2026):

  • 35,80,536 Non-Convertible Debentures of face value ₹1 each allotted at ₹1 per NCD (₹35,80,536 total)
  • Inter-Corporate Deposit of ₹29,28,00,000 disbursed to SHPL
  • Total Phase 3 infusion: ₹29,63,80,536

Cumulative Infusion Completed:

  • Equity: ₹5,00,00,000 (5,00,000 shares)
  • NCD: ₹71,14,80,536 (71,14,80,536 debentures)
  • ICD: ₹29,28,00,000
  • Total: ₹1,05,42,80,536

Current Status:

  • The corporate action for 5,00,000 Equity Shares was completed on September 04, 2026, and the shares have been credited to the Company's demat account
  • SHPL has become a wholly-owned subsidiary of Majestic Auto Limited
  • Corporate actions for the Non-Convertible Debentures are pending and will be credited upon completion by SHPL

Future Actions:

  • 50,00,000 Bonus Redeemable Preference Shares of SHPL are proposed to be issued upon completion of Resolution Plan implementation
  • Upon acquisition of all remaining securities (Bonus Redeemable Preference Shares and NCDs) and credit to the Company's demat account, the Company will transfer all securities (including already held Equity Shares) to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund ("Purchasers")
  • This transfer will be executed in accordance with existing Securities Purchase Agreements and subject to fulfillment of applicable conditions

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • The agreements with Purchasers do not constitute related party transactions and are not with promoter/promoter group/group companies
  • The agreements do not confer any special rights like appointment of directors, pre-emptive rights, or restrictions on capital structure