Majestic Research Services and Solutions Ltd Completes Major Share Extinguishment and Reconstitution
Majestic Research Services and Solutions Limited has announced a significant corporate action involving the cancellation and reconstitution of its existing equity capital, following the approval of a Resolution Plan. The company fixed Wednesday, July 8, 2026, as the Record Date for this restructuring initiative.The Board of Directors initiated the process to cancel and extinguish all presently outstanding equity shares in the company. Concurrently, the company will issue fresh equity shares to existing public shareholders as part of the approved plan.
Under the terms of the share extinguishment, every 1,143 currently held equity shares of face value Rs 10/- will be exchanged for five fresh equity shares. The Board confirmed that any fractional entitlement calculations for shareholders will be ignored and no partial allotment will be considered.
The restructuring impacts 48,839,008 existing equity shares, each with a face value of Rs 10/-, which will be reduced to 20,650 equity shares, also with a face value of Rs 10/-. Furthermore, Resolution Applicants and Associates were allocated 3,92,350 fresh equity shares, each valued at Rs 10/-.
The post-issue shareholding structure reflects the comprehensive changes:
| Stakeholder Category | Share Count | Equity Shares Face Value |
|---|---|---|
| Existing Public Shareholders | 20,650 | Rs 10/- each |
| Resolution Applicants and Associates | 3,92,350 | Rs 10/- each |
As a result of this transaction, the Resolution Applicants and Associates are now listed as holding 3,92,350 equity shares in the company.
Stock Price Movement
Shares of Majestic Research Services and Solutions Ltd closed on Monday at ₹4.38, shedding 4.99% in the session. The stock experienced intraday volatility, trading within a range set between the low of ₹4.38 and a high of ₹4.84.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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