Maharashtra Scooters Limited has informed the Exchange regarding Appointment of Shri S Ravikumar 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 announced that its board has appointed Shri V Rajagopalan and Shri S Ravikumar as Joint Managing Directors, both effective 1 August 2025 for a 5-year term ending 31 July 2030, subject to shareholder approval. Both are existing Non-Executive Directors being elevated to executive roles, and both are senior professionals from promoter-group companies (Bajaj Finserv and Bajaj Auto respectively). Separately, the company reported Q1 FY26 unaudited results with total income of Rs 2,927 lakh, up sharply from Rs 857 lakh a year ago, driven mainly by higher dividend income. Profit after tax jumped to Rs 3,536 lakh (vs Rs 826 lakh), translating to an EPS of Rs 30.9. The company closed its manufacturing operations last year and now functions essentially as an investment company.
For shareholders, the elevation signals stronger professional oversight of the company's investment portfolio from experienced Bajaj Group executives. The Q1 results are strong on a low base, but the company's future earnings will largely depend on dividend income and fair value changes from its investment book rather than manufacturing.