Majestic Auto Ltd. (MAJESAUT) — Tipsheet https://tipsheet.markets/company/majesaut/ Every Tipsheet Editorial note covering Majestic Auto Ltd. (MAJESAUT), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:48 GMT Majestic Auto loses CFO Ajay Kumar with no prior notice https://tipsheet.markets/majesaut-majestic-auto-loses-cfo-ajay-kumar-with-no-prior-notice-112528/ https://tipsheet.markets/majesaut-majestic-auto-loses-cfo-ajay-kumar-with-no-prior-notice-112528/ Wed, 24 Jun 2026 19:25:46 GMT The nano-cap company's CFO resigns citing personal reasons, effective June 24. Revenue has fallen 77% trailing while the stock trades at a P/E of 3.9. The nano-cap company's CFO resigns citing personal reasons, effective June 24. Revenue has fallen 77% trailing while the stock trades at a P/E of 3.9.

What’s new

  • CFO Ajay Kumar resigns, citing personal reasons.
  • Board accepted resignation on June 8, effective June 24.
  • No prior disclosure or successor named.

Why it matters

For a company with declining revenue, a surprise CFO exit raises governance questions. The financial controls and reporting integrity are now in limbo until a replacement is found.

What we’re watching

  • Who steps in as CFO and how quickly.
  • Any further management changes in coming weeks.
  • Impact on financial reporting and compliance timelines.

The full read

Majestic Auto Ltd., a nano-cap with a market cap of ₹357 crore and trailing revenue down 77%, lost its CFO Ajay Kumar, who resigned citing personal reasons effective June 24. The board accepted the resignation on June 8. For a company with a P/E of 3.9 and ROE of just 1.1%, the financial controller's sudden exit is a governance stumble. There is no stated dispute or financial irregularity, but the lack of prior disclosure or a named successor leaves investors guessing. The next test is who takes over — and how quickly.

Primary source: BSE · NSE

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