Maharashtra Scooters Limited — Others, 23-07-2025: Appointment

Maharashtra Scooters' Board has approved its financial results for the quarter ended June 30, 2025. The company reported total revenue from operations of ₹29.27 Cr and a profit after tax of ₹35.36 Cr. A significant total comprehensive income of ₹1721.85 Cr was notably influenced by changes in deferred tax liability arising from revised capital gains tax rates on investments. Additionally, the Board appointed Shri V Rajagopalan and Shri S Ravikumar as Joint Managing Directors, effective August 1, 2025, pending shareholder approval. This move follows an assessment by the Nomination and Remuneration Committee, signaling key leadership changes for the investment-focused company.