The Exchange had sought clarification from Maharashtra Scooters Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.
MAHSCOOTER · price
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NSE asked Maharashtra Scooters to explain why its Q4 FY25 financial results filed in XBRL format showed a single business segment instead of multiple segments. The company clarified that it completely discontinued its manufacturing operations during the quarter ended March 2025. It now operates only as an Unregistered Core Investment Company, with its activity falling under a single segment — Investments. Till December 31, 2024, the company was reporting under two segments: Manufacturing and Investments. The company states that the required disclosures are already included in the financial statements.
This is a routine procedural clarification regarding XBRL filing format, not a penalty or enforcement action. Shareholders should note that the company has fully exited manufacturing and is now functioning purely as an investment holding entity, which is a significant shift in its business profile.