Majestic Research Services and Solutions539229AGM date declared

Board approves proposal to seek ROC nod for three-month extension of AGM for FY26

Majestic Research Services and Solutions held a Board meeting on 27 October 2026 and approved a proposal to apply to the ROC, Karnataka, under Section 96(1) of the Companies Act, 2013.

By ScoutQuest · Tue 27 Oct 2026, 2:42 PM IST · 2 min read

Board Meeting Date: 27 October 2026
AGM Extension Sought: three-month extension, up to 31 December 2026
Financial Year Ended: 31 March 2026

What the Board approved

The Board of Directors of Majestic Research Services and Solutions Limited met on 27 October 2026 and approved a proposal to make an application to the Registrar of Companies (ROC), Karnataka. The application is under Section 96(1) of the Companies Act, 2013 and asks for an extension of the period for holding the Annual General Meeting (AGM) for the financial year ended 31 March 2026. The extension sought is by three months, that is up to 31 December 2026.

Why the company says it needs more time

The update lists the special reasons given for the request

Implementation of the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016, as approved by the NCLT
Reconstitution of accounts
Pending capital reduction and restructuring corporate actions
Updation and reconciliation of shareholders' records following the reduction of capital on implementation of the Resolution Plan approved by the NCLT
Proposed listing of shares
Finalisation and audit of the financial statements for the relevant period

What this means for a retail investor

An AGM is where shareholders normally receive and approve the year's accounts. A company that seeks extra time is signalling that its accounts for the year ended 31 March 2026 are still being finalised and audited.
The update links the delay to a corporate restructuring already in motion: a Resolution Plan approved by the NCLT, a reduction of capital, and a proposed listing of shares. Shareholder records are being updated and reconciled as part of that process.
The Board has approved *making the application*. The three-month extension is what the company is seeking; it takes effect only if the ROC allows it.
The word used for the listing of shares is proposed, so it is a step the company is working towards, not a completed listing.

Meeting details

The Board meeting commenced at 2:00 P.M. (IST) and concluded at 2:30 P.M. (IST) on 27 October 2026. The disclosure was signed by Rashmikaben Shaileshbhai Patel, Managing Director.

How to read this

This is an update on process rather than on earnings. It tells shareholders where the company stands on its post-resolution clean-up: accounts, share records and the proposed listing. The useful things to track are the ROC's decision on the extension and the completion of the capital reduction and listing steps mentioned in the update.

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