Maharashtra Scooters

Maharashtra Scooters Limited reported net profit of ₹3.32 crore for the quarter ended 30 June 2026, compared with ₹35.36 crore in the same quarter last year, after receiving no dividend income during the period. The board approved an amendment to the company’s memorandum of association to add renewable energy generation from solar, wind and other natural resources as a new object, while deleting the discontinued scooter manufacturing and tool-room clauses. A proposal to change the company’s name was also cleared, subject to approval by shareholders and statutory authorities. Maharashtra Scooters, which is controlled by Bajaj Holdings, is an unregistered core investment company that historically earned nearly all its revenue from dividends on its group equity holdings. It ceased all manufacturing work in the previous financial year and employed just five people at the end of March 2026. The company’s net equity per share stood at ₹28,462 as of 30 June 2026, reflecting large unrealised gains on its investment portfolio.

Powered by Tijori

Maharashtra Scooters Ltd reported unaudited standalone profit after tax of ₹3.32 crore for the quarter ended 30 June 2026, down sharply from ₹35.36 crore a year earlier due to the seasonal nature of dividend income. The board approved an amendment to the company’s Memorandum of Association to remove clauses relating to scooter manufacturing, which ceased operations years ago, and to insert a new object enabling the generation of power from solar, wind and other renewable sources. It also proposed a change in the company’s name to better reflect its strategic focus. The company, an unregistered Core Investment Company controlled by Bajaj Holdings, derives nearly all its income from dividends and interest on its portfolio of Bajaj group equities and debt securities. Manufacturing of geared scooters was discontinued in 2006 and the tool room was permanently closed in FY2025; the company now operates with just five employees and minimal costs. The push into renewable energy marks the first significant strategic departure since the closure of the manufacturing business, though no capital commitment or timeline was disclosed.

Powered by Tijori

April 22 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• MAHARASHTRA SCOOTERS LTD - RECOMMENDS FINAL DIVIDEND OF RS. 60/- PER SHARE

Source text: [ID:]

Further company coverage: MHSC.NS

(([email protected];))

Feb 21 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• MAHARASHTRA SCOOTERS - ANNOUNCES CLOSURE OF SATARA FACTORY

• MAHARASHTRA SCOOTERS - CLOSURE CONSIDERING NON-VIABILITY OF MANUFACTURING OPERATIONS

• MAHARASHTRA SCOOTERS - TO TRANSFER LEASEHOLD RIGHTS, MACHINERIES

• MAHARASHTRA SCOOTERS - TOTAL CONSIDERATION FROM SALE 729.2 MILLION RUPEES

Source text: ID:nBSE8R8nXq

Further company coverage: MHSC.NS

(([email protected];))

Sept 12 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• INTERIM DIVIDEND OF 110 RUPEESPER SHARE

Source text for Eikon: ID:nBSE1PZ7Z9

Further company coverage: MHSC.NS

(([email protected];;))

April 24 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• APPROVED VOLUNTARY SEPARATION SCHEME FOR BOTH WORKMEN AND STAFF

Source text for Eikon: ID:nBSEDXphl

Further company coverage: MHSC.NS

(([email protected];;))

Sept 15 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• DECLARED INTERIM DIVIDEND OF 110 RUPEES PER SHARE

Source text for Eikon: ID:nBSE52sD3p

Further company coverage: MHSC.NS

(([email protected];))

April 24 (Reuters) - Maharashtra Scooters Ltd MHSC.NS:

• RECOMMENDED FINAL DIVIDEND OF 60 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: MHSC.NS

(([email protected];;))