Pursuant to Regulation 30 and any other applicable provision of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended from time to time, Majestic Auto has informed that the Company has appointed 2 Merchant Bankers for valuation of Emirates Technologies ('ETPL') (80% subsidiary of the Company) as the Company is proposing to purchase the remaining 20% shareholding of ETPL from its group company, O K Hosiery Mills 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.
The above information is a part of company’s filings submitted to BSE.
