Majestic Research Services and Solutions Limited has fixed Wednesday, July 8, 2026 as the RECORD DATE for a corporate action involving share extinguishment and reissuance. This action is being taken pursuant to the order of the Hon'ble NCLT, Bengaluru Bench, dated June 20, 2025, and in accordance with the approved Resolution Plan for the company.
The corporate action involves:
1. Cancellation and extinguishment of all presently outstanding equity shares
2. Issuance of fresh equity shares to existing public shareholders
Share Exchange Details
The Board of Directors will cancel and extinguish all presently outstanding equity shares held by existing shareholders. In exchange, public shareholders will receive 5 (five) fresh equity shares of face value ₹10/- each for every 1,143 equity shares currently held.
Any fractional share entitlement to public shareholders will be ignored, with no allotment made for fractions.
Current and Post-Issue Share Capital
- Current outstanding equity shares held by public shareholders: 48,839,008 equity shares of face value ₹10/- each
- Post-issue shareholding structure:
- Existing Public Shareholders: 20,650 equity shares of ₹10/- each
- Resolution Applicants and Associates: 392,350 fresh equity shares of ₹10/- each
- Erstwhile Promoter Shareholders: NIL
The Resolution Applicants and Associates will become shareholders of the company holding 392,350 equity shares of face value ₹10/- each.