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Maharashtra Scooters Ltd.

BSE: 500266 | NSE: MAHSCOOTER |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE288A01013 | SECTOR: Auto - 2 & 3 Wheelers

BSE Live

Apr 01, 16:00
2075.00 21.30 (1.04%)
Volume
AVERAGE VOLUME
5-Day
3,427
10-Day
2,417
30-Day
2,661
211
  • Prev. Close

    2053.70

  • Open Price

    2038.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 01, 15:56
2076.65 26.20 (1.28%)
Volume
AVERAGE VOLUME
5-Day
13,464
10-Day
12,940
30-Day
7,969
4,287
  • Prev. Close

    2050.45

  • Open Price

    2011.00

  • Bid Price (Qty.)

    2076.65 (10)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Maharashtra Scooters
YEAR                       EVENTS
 1975 - The company was incorporated on 11th June, at Pune.  The
 Company
        was promoted by Western Maharashtra Development Corporation
 Ltd.
        a wholly owned company of the Government of Maharashtra and
 Bajaj
        Auto Ltd.  The main objective of the company is to manufacture
 of
        scooters under the trade name PRIYA.
 
      - The company entered into a two agreements with Bajaj Auto
 Ltd.,
        one for the preparation of the project report and another for
        technical know-how and assistance.
 
      - The technical know-how agreement was to be in force for a
 period
        of 10 years from the date of commencement of operations or
 till
        the company achieved a total production of 3,00,000 scooters
        whichever is later.  Under the agreement, Bajaj Auto Ltd.,
 agreed
        to supply to the Company components at reasonable prices
 which
        was understood to be lower than the dealer prices for the
 said
        components in the replacement market.
 
 1977 - 70 shares subscribed for by the signatories to the Memorandum
 of
        association; 2,69,960 shares allotted to WMDC and 2,39,970
 shares
        allotted to Bajaj Auto, Ltd.  4,90,000 shares offered at par
 to
        the public during November 1977.
 
 1982 - 428,571 bonus shares issued in prop. 3:7.
 
 1985 - The installed capacity was increased from 73,000 to 87,000
        motorised two-wheelers upto 350cc engine capacity.
 
 1986 - An application was made company for further enhancement of
 its
        licensed capacity from 87,000 to 2,00,000 nos. of motorised
        two-wheelers and three-wheelers upto 350cc engine capacity,
 under
        the scheme of re-endorsement of industrial capacity with
        reference to the minimum economic scales of operation
 announced
        by the Government.
 
      - The Company renewed its technical agreement with Bajaj Auto
 Ltd.,
        for a further period of ten years from 1st January, 1998.
 
      - 1,428,571 bonus shares issued in prop. 1:1.
 
 1990 - During the year, the company commercial manufacture of Bajaj
        Super Scooters for which a technical know-how agreement was
        entered into with Bajaj Auto, Ltd. on terms and conditions
        similar to the agreement for manufacture of Priya Scooters.
 
      - 2,857,142 bonus shares issued in prop. 1:1.
 
 1996 - During the Company has renewed its Technical know-how
 agreement
        with Bajaj Auto Ltd. for a further period of 10 years as
 similar
        terms.  Company has also entered into a protocol agreement
 with
        both the promoters of the company (i.e. Bajaj Auto Ltd. and
        Western Maharashtra Development Corp. Ltd.).
 
 1997 
 
 --A deal was signed between the companies in May this year  valid for
 10 years  from January 1  1998.
 
 -Approved a proposal to issue one bonus share for every equity share
 held.
 
 -Recommended the issue of 57 14 284 bonus shares of Rs. 10 each in
 the proportion of the bonus share of every existing equity shares
 held.
 
 2000 
 
 -Bajaj Auto Limited has offered to buy out the Maharashtra
 government's entire 27 per cent holding in this scooter manufacturing
 joint venture  Maharashtra Scooters Limited (MSL).
 
 -The Company has introduced five-day working week at its plant in 
 Satara due to recesion in the scooter segment.
 
 - The Company has introduced a voluntary retirement scheme for its
 permanent  staff members which will be effective till 30th
 September.
 
 - Rashtriya Chemicals and Fertilisers Limited, Mumbai and Maharashtra
 Scooters Ltd., Satara, were presented the Dr. R J Rathi Award for
 Environment Pollution Control.
 
 2001 
 
 -Bajaj Auto Ltd has evinced interest to purchase the 27 per cent
 equity stake in Maharashtra Scooters Ltd
 
 - Voluntary Retirement Scheme was introduced during the year.
 
 2002
 
 - Maharashtra government has formed a committee headed by chief
 secretary Ajit Nibalkar to speed up strategic sale of its stake in
 Maharashtra Scooters.
 
 2003 
 
 - The controversy over valuation of the Maharashtra government's 27
 per cent stake in Maharashtra Scooters Ltd (MSL) has taken a new turn
 with Dinesh Trivedi, a member of Rajya Sabha as well as finance
 committee of Parliament,
 
 2006
 Maharashtra Scooters Ltd has has completed production of CBU scooters
 from available CKD packs.
 
 2010
 E-mail ID of Investor Grievance: investors_msl@bajajauto.co.in
 
 2011
 Maharashtra Scooters Ltd has hosted a website with domain name
 www.mahascooters.com
 
 Company announces Voluntary Retirement Scheme for the permanent daily
 rated workmen employed in the scooter manufacturing unit of the
 Company, operative during the period from June 06, 2011 to June 27,
 2011.
 
 Company has announced a Voluntary Retirement Scheme (VRS) for the
 permanent staff
 
 2012
 -Shri Naresh Patni appointed as Director of the Company.
 -Maharashtra Scooters Ltd  recommended a Dividend of Re. 1.00 per
 share.
 
 2013
 -  recommended a Dividend of Re. 1.00 per share.
 -Shri Ramesh D. Devkar appointed as Director of the Company.
 -Maharashtra Scooters Ltd has recommended a Dividend of Rs. 20 per
 share.
 
 2014
 -Maharashtra Scooters Ltd has recommended a Dividend of Rs. 25.00 per
 share.
 -Shri G.B. Maware Appointed as Nominee Director.
 
 2015
 -Maha. Scooters - Authorised KMPs to determine materiality of
 events/information