Maharashtra Scooters Limited has declared an interim dividend of ₹160 (1600%) per equity share for the financial year 2025-26. Additionally, the company has appointed Shri Saurabh Erande as the new Company Secretary effective October 1, 2025. Here's a breakdown of these key corporate developments.
On September 15, 2025, the Board of Directors of Maharashtra Scooters Limited approved the declaration of an interim dividend for the financial year ending March 31, 2026. The dividend stands at ₹160 per equity share (1600% on the face value of ₹10 per share). This dividend reflects the company's robust financial position and its commitment to rewarding shareholders.
According to the announcement, the record date to determine eligible shareholders for the dividend is set for September 22, 2025. The dividend will be credited or dispatched to eligible shareholders on or around October 13, 2025.
In another significant move, Maharashtra Scooters has appointed Shri Saurabh Erande as the Company Secretary with effect from October 1, 2025. Shri Erande, a qualified Company Secretary with over 16 years of experience, brings a wealth of expertise in corporate governance and regulatory compliance. His appointment follows a recommendation from the Nomination and Remuneration Committee.
Shri Erande's professional background includes expertise in compliance audits, process improvements, and M&A integration. His appointment is expected to strengthen the company's corporate governance framework and compliance structures.
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The declaration of the interim dividend is a positive sign of Maharashtra Scooters’ strong financial health. The move not only rewards shareholders but also demonstrates the company’s focus on creating value for its investors. Meanwhile, the appointment of a seasoned professional like Shri Saurabh Erande signals the company’s commitment to enhancing its corporate governance and operational efficiency.
On September 15, 2025, Maharashtra Scooters share price opened at ₹18,040.00 on NSE, above the previous close of ₹17,979.00. During the day, it surged to ₹18,520.00 and dipped to ₹17,719.00. The stock is trading at ₹18,419.00 as of 10:48 AM. The stock registered a significant gain of 2.45%.
Over the past week, it has moved up by 3.04%, over the past month, it has moved up by 14.18%, and over the past 3 months, it has moved up by 21.96%.
In conclusion, Maharashtra Scooters has taken significant steps to benefit its shareholders by declaring an interim dividend of ₹160 (1600%) per share, along with appointing a highly experienced Company Secretary. These actions reflect the company’s focus on strong corporate governance and value creation for its stakeholders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Sep 15, 2025, 1:23 PM IST
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