Maharashtra Scooters Limited has informed the Exchange regarding Appointment of Shri Saurabh Erande as Company Secretary of the company w.e.f. 1 October 2025.
MAHSCOOTER · price
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At a board meeting held on 15 September 2025, Maharashtra Scooters Limited declared an Interim Dividend of Rs. 160 (1600%) per equity share on a face value of Rs. 10 for the financial year ending 31 March 2026. The record date for eligibility has been fixed as Monday, 22 September 2025, and the dividend is expected to be credited or dispatched to shareholders on or around 13 October 2025. Separately, the Board appointed Shri Saurabh Erande (ACS No: 25908) as the Company Secretary with effect from 1 October 2025, based on the recommendation of the Nomination and Remuneration Committee. Erande is a qualified Company Secretary with over 16 years of corporate governance and regulatory compliance experience.
Shareholders on record as of 22 September 2025 will receive a substantial interim dividend of Rs. 160 per share, which is a significant cash return. The company secretary appointment is a routine governance update and is unlikely to materially affect the stock price.