Maharashtra Scooters Limited informed shareholders holding shares as on 5 June 2026 about the Tax Deduction at Source (TDS) applicable to final dividend income and the necessity of updating bank account details. The communication, dispatched on 9 June 2026, detailed the documentation required for shareholders to claim exemption from tax deduction on dividends, in accordance with the Income-tax Act, 2025. Under the provisions of this Act, dividend income is taxable in the hands of shareholders, and the company is obligated to deduct tax at source where applicable.

The company further requested shareholders to ensure their bank account details are current. For shares held in dematerialised form, details must be updated with the Depository Participant. Those holding shares in physical form must update their information with the company or its Registrar and Transfer Agent, KFin Technologies Ltd. This update is mandated to ensure dividends are paid exclusively through electronic modes, as prescribed under the SEBI Listing Regulations.

A specimen copy of the communication sent to shareholders is available on the company’s official website. The notice was signed by Saurabh Erande, Company Secretary, on 10 June 2026.

Maharashtra Scooters has announced its audited financial results for FY26 alongside a final dividend recommendation of Rs 60 per share. The Board of Directors approved the results at a meeting held on 22 April 2026, with the audit report submitted with an unmodified opinion by KKC & Associates LLP.

Financial Performance

The company reported a profit after tax of ₹31056 lakh for FY26, compared to ₹21435 lakh in the previous year. Total revenue from operations stood at ₹31276 lakh, significantly higher than ₹18333 lakh in FY25. The company's earnings per share (basic and diluted) reached ₹271.7 for the year ended 31 March 2026.

For the quarter ended 31 March 2026, the company reported revenue from operations of ₹603 lakh and profit after tax of ₹401 lakh. The quarterly basic and diluted earnings per share stood at ₹3.5.

Dividend Declaration

The Board has recommended a final dividend of Rs 60 per share (600%) of face value of Rs 10 for FY26. This is in addition to an interim dividend of ₹160 per equity share (1600%) declared on 15 September 2025 and paid on 13 October 2025. The final dividend, if declared by shareholders at the Annual General Meeting, will be credited on or before 4 August 2026.

Key Dates and Corporate Actions

Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the record date for determining members eligible to receive the dividend has been fixed as Tuesday, 30 June 2026. The Annual General Meeting of the Company is scheduled to be held on Wednesday, 29 July 2026.

Business Operations

During the previous year, the company closed its manufacturing operations. Maharashtra Scooters is now an unregistered core investment company focusing on earning income through dividends, interest, and gains on investments held. The company's business activity falls within a single business segment of investments.

Balance Sheet Position

As at 31 March 2026, the company's total assets stood at ₹3079100 lakh, comprising financial assets of ₹3078023 lakh and non-financial assets of ₹1077 lakh. Total equity amounted to ₹2763479 lakh, including equity share capital of ₹1143 lakh and other equity of ₹2762336 lakh.