Majestic Auto has received an approval to consider sale of assets more than the net worth at such time in such form for an amount not exceeding Rs 300 crore. The board of directors at its meeting held on August 30, 2017 has approved for the same.
Majestic Auto is engaged in the manufacturing of mufflers, fine blanking components, electricals, spokes, and two wheelers spare parts. The Company operates in four segments: Fine Blanking Components, Mufflers, Spokes and Electricals.