Maharashtra Scooters Limited — Important, 23-04-2025: General Updates

Maharashtra Scooters Limited reported its audited financial results, demonstrating notable performance for the quarter and year ended 31 March 2025. Revenue from operations reached ₹183.33 crore, up from ₹222.73 crore year-over-year, while the profit after tax surged to ₹214.35 crore compared to ₹199.31 crore in the previous fiscal year. The company also declared a final dividend of ₹30 per share and a special dividend of ₹30 per share, pending shareholder approval during the upcoming AGM set for 23 July 2025.

Additionally, the board approved the continuation of Shri Sanjiv Bajaj as a Non-Executive Director beyond 19 July 2025 and appointed Shri Mangesh Deshpande as the new Compliance Officer, effective 24 April 2025, after the resignation of Shri Sriram Subbramaniam. The Board has also recommended the appointment of DVD & Associates as the Secretarial Auditor for a five-year term, subject to shareholder approval. Investors should monitor these developments closely, as they signal strategic continuity and governance enhancements within the company.