Maharashtra Scooters Limited (MSL), a prominent Bajaj Group company, has made two key announcements following its Board of Directors meeting held on Monday, September 15, 2025. The company has declared a significant interim dividend of ₹160 per share (1600%) for the financial year ending March 31, 2026, and also announced the appointment of Shri Saurabh Erande as the new Company Secretary, effective from October 1, 2025.

These announcements were made as part of the company’s regulatory filing under Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The developments hold importance for shareholders, investors, and the company’s future governance framework.

Interim Dividend of ₹160 Per Share

The Board has approved an interim dividend of ₹160 per equity share, representing 1600% of the face value of ₹10 per share. This decision underlines the company’s strong financial position and commitment to rewarding its shareholders.

• Dividend Amount: ₹160 per share (1600% on face value)

• Record Date: September 22, 2025

• Payout Date: On or around October 13, 2025

The record date signifies that shareholders whose names appear in the company’s books as of September 22, 2025, will be eligible to receive the dividend. The interim dividend will be credited directly to their bank accounts or dispatched through physical instruments depending on their registered mandate.

Dividend announcements of this magnitude highlight the company’s healthy profitability and cash reserves, assuring investors of stable returns.

Appointment of Shri Saurabh Erande as Company Secretary

Along with the dividend declaration, the Board has also appointed Shri Saurabh Erande (ACS No. 25908) as the new Company Secretary, effective October 1, 2025. The decision was based on the recommendations of the Nomination and Remuneration Committee.

Brief Profile of Shri Saurabh Erande:

• A qualified Company Secretary with over 16 years of professional experience.

• Expertise in corporate governance, regulatory compliance management, and compliance audits.

• Experience in process improvement and strengthening compliance frameworks.

• Worked on pre-due diligence assignments, post-M&A integration projects, and other critical corporate initiatives.

His appointment reflects the company’s emphasis on strengthening its governance structures and ensuring compliance with evolving regulatory requirements.

Key Details from the SEBI Filing

As per the official communication made to BSE and NSE, the announcements included:

1. Dividend declaration with record date (September 22, 2025) and payout schedule (October 13, 2025).

2. Appointment of Company Secretary effective from October 1, 2025.

3. Detailed profile of the appointee in compliance with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024.

The board meeting commenced at 9:45 AM and concluded at 10:10 AM, reflecting a concise but impactful decision-making process.

Significance of Dividend Declaration

Declaring a 1600% interim dividend shows Maharashtra Scooters’ ability to generate strong earnings and distribute value to shareholders. For long-term investors, such payouts indicate the company’s consistent profitability and provide additional incentives to hold the stock.

High interim dividends also tend to boost investor confidence and may positively influence the stock price in the short term. Shareholders can expect stable and reliable returns, which are particularly valuable in today’s volatile market conditions.

Corporate Governance Strengthened with Appointment

The appointment of a seasoned professional like Shri Saurabh Erande as Company Secretary is an important step in strengthening Maharashtra Scooters’ governance framework. With his expertise in compliance audits and corporate governance, Erande is expected to enhance regulatory adherence and streamline compliance processes.

This move aligns with the company’s long-term strategy to maintain high standards of governance and transparency, which is crucial in sustaining investor trust and meeting regulatory expectations.

Investor Impact and Market Outlook

These twin announcements are likely to have a positive impact on the company’s investor sentiment. While the dividend payout directly benefits shareholders in the short term, the appointment of a new Company Secretary reflects the company’s long-term commitment to robust governance.

Market experts often view such developments as strong indicators of a company’s financial health and leadership stability. This combination is expected to sustain Maharashtra Scooters’ image as a reliable player in the market.

Conclusion

In summary, the Board of Directors of Maharashtra Scooters Limited has taken two important decisions:

1. Declaration of ₹160 interim dividend (1600%) per share with record date on September 22, 2025 and payout by October 13, 2025.

2. Appointment of Shri Saurabh Erande as Company Secretary effective from October 1, 2025, bringing 16 years of valuable corporate expertise.

These decisions highlight the company’s dual focus on rewarding shareholders and strengthening governance mechanisms. Together, they reflect a balanced approach to growth, compliance, and investor value creation.

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