Maharashtra Scooters Limited (MSL), a prominent player in the automotive sector, has made two significant announcements that are likely to interest shareholders and market watchers alike.

Substantial Interim Dividend Declared

In a move that underscores the company's strong financial position, Maharashtra Scooters has declared an interim dividend of Rs. 160.00 per equity share for the financial year ending March 31, 2026. This represents a substantial 1600% dividend on the face value of Rs. 10.00 per share.

Key details of the dividend announcement include:

Shareholders whose names appear on the company's register as of the record date, September 22, 2025, will be eligible to receive this interim dividend. The company has stated that the dividend will be credited or dispatched to eligible shareholders on or around October 13, 2025.

New Company Secretary Appointed

In addition to the dividend announcement, Maharashtra Scooters has also revealed a key change in its leadership team. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Saurabh Erande as the new Company Secretary, effective October 1, 2025.

Erande brings a wealth of experience to his new role:

• Qualified Company Secretary (ACS No: 25908)
• Over 16 years of corporate experience
• Expertise in corporate governance and regulatory compliance management
• Skilled in compliance audits and process improvement
• Experience in strengthening compliance structures
• Worked on pre-due diligence and post-merger and acquisition integration assignments

This appointment is expected to strengthen MSL's corporate governance and compliance framework, potentially benefiting the company's operational efficiency and stakeholder relations.

The announcements were made following a board meeting held on September 15, 2025, which commenced at 9:45 a.m. and concluded at 10:10 a.m. These developments reflect Maharashtra Scooters' commitment to shareholder value and corporate governance, positioning the company for continued growth and stability in the automotive sector.

Maharashtra Scooters Limited (MSL) has announced a crucial board meeting scheduled for September 15, 2025, where the company's directors will deliberate on the declaration of an interim dividend. This development comes as part of the company's financial planning for the fiscal year ending March 31, 2026.

Board Meeting Details

The meeting, set to take place on a Monday, will primarily focus on the potential distribution of an interim dividend to shareholders. This decision underscores the company's commitment to delivering value to its investors even before the conclusion of the financial year.

Regulatory Compliance

In adherence to regulatory requirements, Maharashtra Scooters has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about the upcoming board meeting. The communication was officially signed by V Rajagopalan, the Joint Managing Director of the company, ensuring transparency and compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Company Information

Maharashtra Scooters Limited, with its corporate office located in Pune, Maharashtra, has its registered office at the Bajaj Auto Limited Complex in Pune. The company operates under the Corporate ID No. L35912MH1975PLC018376.

Investor Relations

Shareholders and potential investors can reach out to the company for further information or queries at investors@msls.co.in . As the board meeting approaches, market participants will be keenly watching for the outcome and any potential impact on the company's stock performance.

The declaration of an interim dividend, if approved, could signal the management's confidence in the company's financial health and future prospects. However, investors are advised to await the official announcement following the board meeting for concrete details on the dividend declaration.