Maharashtra Scooters Limited's board has declared an interim dividend of ₹160 (1600%) per equity share with a face value of ₹10 for the financial year ending March 31, 2026. The record date for determining eligible members is set for September 22, 2025, and the dividend will be credited or dispatched around October 13, 2025.
Maharashtra Scooters share price jumped as much as 2.7% intraday to a high of Rs 18,465 on NSE in the morning trading on Monday. The stock has nearly doubled in the last 6 months.
Additionally, the board has appointed Shri Saurabh Erande (ACS No: 25908) as the Company Secretary, effective October 1, 2025, based on the recommendation of the Nomination and Remuneration Committee.
| Particulars | Details |
|---|---|
| Dividend per share | ₹160.00 |
| Face Value | ₹10 |
| Record Date | September 22, 2025 |
| Payment Date | Around October 13, 2025 |
Shri Saurabh Erande, the newly appointed Company Secretary, brings over 16 years of experience in corporate governance and regulatory compliance. His expertise includes corporate governance, regulatory compliance, compliance audits, and process improvement. He has also worked on pre-due diligence and post-M&A integration assignments.
The board meeting, which approved these decisions, commenced at 9:45 a.m. and concluded at 10:10 a.m. on September 15, 2025.
The company has requested that the exchange record these updates.
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