MAJESTIC AUTO LTD.-$ - 500267 - Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015
Pursuant to Regulation 30 and any other applicable provision of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended from time to time, we wish to inform you that the Company has appointed 2 Merchant Bankers for valuation of Emirates Technologies Private Limited ('ETPL') (80% subsidiary of the Company) as the Company is proposing to purchase the remaining 20% shareholding of ETPL from its group company i.e. O K Hosiery Mills Private Limited and make ETPL its Wholly Owned Subsidiary (WOS) Company subject to requisite approvals under the Companies Act, 2013 & SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.06-05-2022