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.

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.