MAHSCOOTER: Maharashtra Scooters Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on July 23, 2025.
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Maharashtra Scooters Limited held its 50th Annual General Meeting on July 23, 2025, at Hotel Hyatt Regency, Pune, and all four ordinary resolutions were passed with overwhelming majority. The resolutions included adoption of audited financial statements for FY ended March 31, 2025, declaration of a final dividend of Rs. 60 per equity share (which includes a special dividend of Rs. 30 per share), re-appointment of V Rajagopalan as a director retiring by rotation, and appointment of DVD & Associates as Secretarial Auditor for a five-year term. Voting results show 99.99% approval for the financial statements, 100% for the dividend, 99.84% for the director re-appointment, and 99.74% for the secretarial auditor appointment. Around 60% of total shares (68.59 lakh out of 114.29 lakh shares) were polled, with the promoter group (holding about 45.21 lakh shares) voting fully in favour of all resolutions.
Shareholders have approved a Rs. 60 per share total dividend (including a Rs. 30 special dividend), which is a meaningful cash return. The smooth passage of all resolutions with near-unanimous support reflects strong promoter and institutional alignment, with no governance red flags from the voting outcome.