Maharashtra Scooters Limited has informed the Exchange regarding Appointment of Shri V Rajagopalan as a Joint Managing Director of the company w.e.f. 1 August 2025, subject to shareholders approval.
MAHSCOOTER · price
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Maharashtra Scooters Limited reported unaudited results for Q1 FY26 (quarter ended 30 June 2025) with profit after tax of ₹3,536 lakh, up sharply from ₹826 lakh a year ago, driven mainly by a one-time dividend income of ₹2,277 lakh. Total income rose to ₹2,927 lakh from ₹857 lakh, and EPS jumped to ₹30.9 from ₹7.2. The company is now essentially an investment company after closing its factory last year, with a massive investment portfolio of around ₹29,254 crore on its books. Separately, the board approved the elevation of two existing Non-Executive Directors — Shri V Rajagopalan (President – Legal & Taxation at Bajaj Finserv) and Shri S Ravikumar (Chief Business Development Officer at Bajaj Auto) — as Joint Managing Directors from 1 August 2025, for a 5-year term ending 31 July 2030, subject to shareholder approval.
The strong Q1 numbers are largely propped up by dividend receipts from its investment holdings and may not reflect recurring earnings, so investors should not annualise this profit. The elevation of two long-standing Bajaj Group insiders to executive leadership signals the promoter group's continued involvement in steering the now investment-focused entity, which is broadly neutral to mildly positive for governance continuity.