Preferential allotment of 3,92,350 fresh equity shares to promoters under approved Resolution Plan
3,92,350 fresh equity shares of face value Rs. 10/- each allotted at Rs. 10/- each on a preferential basis to five promoters/acquirers.
- Shares Allotted
- 3,92,350 fresh equity shares of face value Rs. 10/- each
- Allotment Price
- Rs. 10/- each
- Post-Allotment Holding (Five Acquirers)
- 3,92,350 shares = 95.00% of the total share capital
- Holding Before Transaction
- 0
- NCLT Order Date
- June 20, 2025
What the company disclosed
Majestic Research Services and Solutions Ltd has informed BSE that 3,92,350 fresh equity shares of face value Rs. 10/- each were allotted at a price of Rs. 10/- each on a preferential basis to five persons described as Promoters/Acquirers. The allotment is stated to be pursuant to the Approved Resolution Plan and the order of the Hon'ble National Company Law Tribunal, Bengaluru Bench dated June 20, 2025 approving the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016.
Who received the fresh shares
- Parth Shaileshbhai Patel: 1,56,940 equity shares
- Rashmikaben S Patel: 1,17,705 equity shares
- Alpesh Amrutlal Patel: 39,235 equity shares
- Nitin Dahyabhai Patel: 39,235 equity shares
- Jalak Shaileshbhai Patel: 39,235 equity shares
- Total allotted: 3,92,350 equity shares
Shareholding before and after the allotment
Before the transaction, each of the five acquirers held 0 shares, that is 0% of the total share capital of the company.
After the transaction
- Parth Shaileshbhai Patel: 1,56,940 shares, 38.00%
- Rashmikaben S Patel: 1,17,705 shares, 28.50%
- Alpesh Amrutlal Patel: 39,235 shares, 9.50%
- Nitin Dahyabhai Patel: 39,235 shares, 9.50%
- Jalak Shaileshbhai Patel: 39,235 shares, 9.50%
- Total for the five: 3,92,350 shares, 95.00% of the total share capital
Why no open offer is being made
The acquirers state that this acquisition is exempt under Regulation 10(1)(da) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure also states that disclosure of the proposed acquisition under Regulation 10(5) was not required.
How to read this
- The shares were issued at Rs. 10/- each, the same as their face value of Rs. 10/- each.
- The allotment is described as a step under a resolution plan approved by the NCLT under the Insolvency and Bankruptcy Code, 2016, which is the framework used for companies going through an insolvency resolution process.
- The transaction brings in 3,92,350 fresh equity shares into the company's equity base.
- After the allotment, the five acquirers together hold 95.00% of the total share capital, so ownership of the company is concentrated in these five names.
Also from Majestic Research Services and Solutions
Majestic Research Services and Solutions Ltd promoter buys 95.00% stake, holding rises to 95.00%
5 Oct 2026
Board approves cancellation of promoter and public shares; 20,650 fresh shares to public, 3,92,350 preferential allotment
1 Oct 2026
Board approves cancellation, extinguishment of existing shares and 3,92,350 fresh shares under Approved Resolution Plan
1 Oct 2026
More numbers
- Fresh equity shares allotted on a preferential basis3,92,350
- Face value per equity shareRs. 10/-
- Price per equity share at which allottedRs. 10/-
- Shares allotted to Parth Shaileshbhai Patel1,56,940
- Parth Shaileshbhai Patel holding post-transaction38.00
- Shares allotted to Rashmikaben S Patel1,17,705
- Rashmikaben S Patel holding post-transaction28.50
- Shares allotted to Alpesh Amrutlal Patel39,235
- Shares allotted to Nitin Dahyabhai Patel39,235
- Shares allotted to Jalak Shaileshbhai Patel39,235
- Holding of each of the three acquirers post-transaction9.50
- Total holding of the five acquirers post-transaction95.00
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