Maharashtra Scooters Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 23, 2025
MAHSCOOTER · price
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Maharashtra Scooters Limited has issued the notice for its 50th Annual General Meeting to be held on Wednesday, July 23, 2025, at 10:45 AM at Hotel Hyatt Regency, Pune. The AGM will consider adopting FY2025 financial statements, declaring a final dividend of ₹60 per equity share (which includes a special dividend of ₹30 per share on a face value of ₹10), and re-appointing V Rajagopalan as a non-executive director who retires by rotation. The meeting will also seek shareholder approval to appoint DVD & Associates as Secretarial Auditor for a five-year term (FY2025-26 to FY2029-30), in line with updated SEBI norms. The record date for the dividend is June 27, 2025, with payment to be made on or before July 28, 2025. The Directors' Report also notes the sad demise of Madhur Bajaj, erstwhile Promoter and Non-Executive Director of the company.
The ₹60 total dividend (including a ₹30 special dividend) is a strong positive signal for shareholders, indicating healthy cash reserves and a generous distribution policy. The e-voting window is July 19-22, 2025, with the cut-off date for voting eligibility set as July 16, 2025.