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Majestic Auto Ltd. Company History and Annual Growth Details
1972 - Majestic Auto Ltd was incorporated in the year by Mr. O.P. Munjal.
- The main object of the company is to produce Spokes and Nipples for bicycles, motors, two wheelers up to 350 c.c. at Ludhiana and Gaziabad based workshops.
- The Company's performance declined only due to severe competition in Auto and moped market.
2000 - The Board has approved to issue 2,50,00,000 - 6 per cent non-convertible non cumulative preference shares of Rs 10 each at par in two parts - A and B of Rs 5 each on private placement basis to the promoters and other group companies as may be decided by the board.
- Majestic Auto Ltd has appointed Sh. S. S. Khosla as additional director of the Company in the category of Non-executive Independent Director.
- Majestic Auto Ltd has appointed Ms. Ashima Munjal as an additional director of the Company in the category of Non-executive Director.