Maharashtra Scooters Limited has scheduled its 51st Annual General Meeting (AGM) for Wednesday, 29 July 2026, at 10:45 a.m. IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The Board of Directors has recommended a final dividend of ₹60 per equity share of face value ₹10 each for the financial year ended 31 March 2026, subject to shareholder approval. If declared, the dividend will be credited on or before Tuesday, 4 August 2026, to members holding shares as on the record date of 30 June 2026.

The total dividend payout for the final dividend is estimated at ₹6,857 lakh. The total dividend payout for FY2026, including the interim dividend of ₹160 per share declared earlier, amounts to ₹25,142 lakh. The company has mandated that dividends will be paid only through electronic mode, and physical warrants will no longer be issued.

Agenda for the AGM

The ordinary business to be transacted at the meeting includes:

• Adoption of the audited financial statements for FY2026.
• Declaration of the final dividend.
• Re-appointment of Ravikumar Srinivasan, who retires by rotation and is eligible for re-appointment.

E-voting and Participation Details

Remote e-voting will commence on Saturday, 25 July 2026, at 9:00 a.m. IST and conclude on Tuesday, 28 July 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members or list of Beneficial Owners as on Wednesday, 22 July 2026, are entitled to participate. KFin Technologies Limited is the Registrar to the Issue and Share Transfer Agent and will facilitate the e-voting and e-AGM processes.

Maharashtra Scooters Limited will conduct its 51st Annual General Meeting (AGM) through video conferencing and other audio-visual means on Wednesday, July 29, 2026, at 10:45 a.m. IST. The meeting is being held in compliance with the Companies Act, 2013, and relevant regulations issued by the Ministry of Corporate Affairs and SEBI. This shift to a virtual format allows shareholders to participate remotely, ensuring broader accessibility and compliance with current regulatory guidelines.

The Notice of e-AGM and the Annual Report for FY2026 will be made available on the company's website, as well as on the BSE Limited and National Stock Exchange of India Limited platforms. KFin Technologies Limited has been appointed as the e-voting service provider, facilitating the remote participation process. Shareholders can access the necessary documents and voting credentials through the designated portals.

In a significant procedural update, the company has mandated that dividends will be paid exclusively through electronic modes, following a recent amendment to Regulation 12 of the SEBI Listing Regulations. Consequently, Maharashtra Scooters Limited will no longer issue dividend warrants, demand drafts, or cheques in physical form. Shareholders are required to ensure their bank account details are updated to receive dividends directly via electronic clearing service or other electronic means.

To facilitate this transition, the company has outlined specific procedures for shareholders to register or update their email addresses and bank account details. Those holding shares in physical form must submit the Form ISR-1, duly filled and signed, along with supporting documents to KFin Technologies. Shareholders with dematerialised holdings must update their details with their respective Depository Participants. The company has also provided contact information for queries regarding the e-voting process and the update of shareholder details.

The detailed procedure for remote e-voting and voting during the meeting will be provided in the Notice of e-AGM. Shareholders with queries can contact the designated email address or the toll-free number provided by the registrar. The company has also clarified that an advertisement previously published regarding the meeting was issued in error and should be disregarded in favor of the current notification.