Maharashtra Scooters Ltd

Maharashtra Scooters Ltd trading window closed from 1 October 2026 until 2 days after the unaudited financial results for the quarter and half year ending 30 September 2026

Resolutions approved

• Resolution 1 (Special): Change of name with MOA/AOA amendments; approved 99.99% in favour.
• Resolution 2 (Special): Change object clause and MOA amendments; approved 99.99% in favour.

TDS and bank details update

• Shareholders as of 11 September 2026 informed via email.
• Interim dividend TDS process outlined; dividend income taxable in shareholders' hands.
• Exemption from TDS available with required documentation.
• Updation of bank details requested for electronic dividend payments.
• Demat holders to update via DP; physical holders via Company/RTA (KFin).
• Dividend payments will be electronic only, per SEBI Listing Regulations.
• Specimen copy of communication accessible.

Dividend details

• Interim dividend declared at ₹160 per equity share.
• Face value of the share is ₹10.
• Record date fixed as Monday, 21 September 2026.
• Payment date on or before 13 October 2026.
• Financial year ending 31 March 2027.

Meeting Details

• Board meeting scheduled on 15 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider declaration of interim dividend for the financial year ending 31 March 2027.

Resolutions

• Item 1 (Special): Change name to Bajaj Nivesh Limited; MOA/AOA alterations.
• Item 2 (Special): Alter MOA object clause to retain investment and add renewable energy activities.

AGM Details

• 51st AGM held on 29 July 2026 at 10:45 a.m. IST via VC/OAVM (e-AGM).
• Record/cut-off date for voting: 22 July 2026; shareholders on cut-off: 25,287.

Key Resolutions

• Item 1 (Ordinary): Adopt audited financial statements for year ended 31 March 2026.
• Item 2 (Ordinary): Declare final dividend of Rs 60 per equity share for year ended 31 March 2026.
• Item 3 (Ordinary): Appoint Ravikumar Srinivasan as director (re-appointment by rotation).

Dividend

• Final dividend of Rs 60 per equity share approved.

Director Changes

• Ravikumar Srinivasan retires by rotation and is re-appointed.

Voting Results

• Item 1 passed; 99.996% in favour, 0.004% against.
• Item 2 passed; 99.996% in favour, 0.004% against.
• Item 3 passed; 99.6181% in favour, 0.3819% against.

Financial results

• Unaudited Q1 2026 results approved; Board reviewed; limited review on quarter ended 30 June 2026.

MOA amendments and new business

• MOA to delete scooter clauses; insert investment clause; subject to Members' approval.

Name change

• Board approved change of name; subject to regulatory and Members' approvals.

Regulatory/compliance context

• Maintain Unregistered CIC status; align new business with RBI Master Directions; pursue renewable energy opportunities.

Auditor remarks

• Independent auditor's review: no material misstatement; not an audit; limited review.

Dematerialisation processing status

• Demat requests processed within 15 days of receipt; decisions were approved or rejected.
• Securities dematerialised were listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after due verification.
• Depository names were substituted in the register of members as registered owner for approved demat.