MRSS preferential allotment disclosures published on BSE on October 5, 2026, show that Majestic Research Services and Solutions Ltd allotted 3,92,350 fresh equity shares to five promoter acquirers under an approved resolution plan. The filing reports their combined post-transaction holding at 95% of the company’s share capital.

The shares were allotted at Rs 10 each, matching their face value of Rs 10. The disclosure, dated October 3, 2026, identifies the recipients as Parth Shaileshbhai Patel, Rashmikaben S Patel, Alpesh Amrutlal Patel, Nitin Dahyabhai Patel and Jalak Shaileshbhai Patel.

The transaction involved a preferential issue of fresh shares. The shareholding statement records zero shares and zero ownership for each of the five acquirers before the transaction, followed by the holdings disclosed below.

Shareholding after the allotment

Parth Shaileshbhai Patel received the largest allocation, followed by Rashmikaben S Patel. The remaining three acquirers received equal numbers of shares and each held 9.50% after the transaction.

Acquirer Shares allotted Post-transaction stake
Parth Shaileshbhai Patel 1,56,940 38.00%
Rashmikaben S Patel 1,17,705 28.50%
Alpesh Amrutlal Patel 39,235 9.50%
Nitin Dahyabhai Patel 39,235 9.50%
Jalak Shaileshbhai Patel 39,235 9.50%
Total 3,92,350 95.00%

The percentages are reported against the company’s total share capital in the filing. Seller and transferor details are marked not applicable, consistent with the disclosed allotment of fresh equity shares.

Resolution plan and takeover exemption

The allotment follows the resolution plan approved by the NCLT Bengaluru Bench on June 20, 2025, under Section 31 of the Insolvency and Bankruptcy Code, 2016.

The acquirers submitted the report under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. According to the filing, the acquisition is exempt from an open offer under Regulation 10(1)(da). It also states that prior disclosure of the proposed acquisition under Regulation 10(5) was not required.

Rashmikaben S Patel, identified as Managing Director, signed the disclosure on behalf of the acquirers in Ahmedabad. The company’s shares are listed on BSE under scrip code 539229.