Maharashtra Scooters Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on 23 July 2025.
MAHSCOOTER · price
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Maharashtra Scooters Limited held its 50th AGM on 23 July 2025 in Pune, chaired by Shri Sanjiv Bajaj with 99 members present. The Board proposed a final dividend of Rs. 60 per equity share of Rs. 10 face value, which includes a special dividend of Rs. 30 per share, for FY ended 31 March 2025. Shareholders considered the adoption of FY25 audited financials, re-appointment of V Rajagopalan as director (retiring by rotation), and appointment of DVD & Associates as Secretarial Auditor for five years. The Board also announced the appointment of V Rajagopalan and S Ravikumar as Joint Managing Directors effective 1 August 2025, subject to shareholder approval. The auditors' report and secretarial audit report contained no adverse remarks or qualifications.
Shareholders stand to receive a combined Rs. 60 per share dividend, including a Rs. 30 special dividend, reflecting strong cash returns. The leadership expansion to two Joint Managing Directors signals continuity in the Bajaj group's management structure, generally viewed positively by investors.