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Latest filing: 2026-09-15 10:11
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
12 announcements match the current filters (relevance ≥ 5).
Maharashtra Scooters Declares Rs 160/Share Interim Dividend; Record Date 21 Sep 2026
Maharashtra Scooters Limited has declared an interim dividend of Rs 160 per equity share (1600% on face value of Rs 10) for FY 2026-27. The record date to determine eligible shareholders is fixed for Monday, 21 September 2026. The dividend payout is scheduled to be credited on or before 13 October 2026. This reflects the company's continuous cash flow distribution as a core investment holding vehicle for Bajaj Group entities.
Confidence: HIGH
What changedThe Board of Directors approved an interim dividend of Rs 160 per share for FY27.
Why it mattersDistributes upstream dividend income earned from underlying Bajaj Group holdings to Maharashtra Scooters' shareholders.
Interim Dividend Per Share: Rs. 160/-Dividend Percentage: 1600%Face Value: Rs.10/-Record Date: 21 September 2026Payment Date: on or before Tuesday, 13 October 2026
📅 Short termThe stock will likely trade ex-dividend leading up to the 21 September 2026 record date.
📈 Long termLimited; this is a standard dividend pass-through consistent with its model as an unregistered Core Investment Company.
⚠ Risk flags
- Income relies heavily on dividends from Bajaj Group holdings
Key Highlights
Interim dividend declared at Rs 160 per equity share (1600% of Rs 10 face value)
Record date set as Monday, 21 September 2026
Payout credit date scheduled on or before Tuesday, 13 October 2026
👀 What to Watch
Track the ex-dividend date prior to the 21 September 2026 record date for eligibility and watch for credit by 13 October 2026.
Maharashtra Scooters Declares Rs 160 Per Share (1600%) Interim Dividend
Maharashtra Scooters Limited has declared an interim dividend of Rs. 160 per equity share (1600% on a face value of Rs. 10) for FY27. Based on the current share price of Rs. 13,032, this interim payout represents an approximate dividend yield of 1.23%. The record date for determining eligible shareholders has been fixed as 21 September 2026. Payment or credit of the dividend will be completed on or before 13 October 2026.
Confidence: HIGH
What changedThe Board of Directors declared an interim dividend of Rs. 160 per share for the financial year ending 31 March 2027.
Why it mattersAs an investment holding company deriving cash inflows primarily from dividends on its Bajaj Group holdings, this confirms ongoing cash flow pass-through to shareholders.
Interim Dividend per share: Rs. 160Dividend percentage: 1600%Face value: Rs. 10Record date: 21 September 2026Payment date: on or before 13 October 2026
📅 Short termThe stock will likely trade ex-dividend ahead of the 21 September 2026 record date, reflecting the Rs. 160 per share adjustment.
📈 Long termLimited; dividend payouts are regular for the company given its core investment company (CIC) profile holding dividend-yielding Bajaj Group shares.
Key Highlights
Interim dividend declared at Rs. 160 per equity share of face value Rs. 10 (1600%)
Record date fixed as Monday, 21 September 2026
Dividend payout will be credited on or before Tuesday, 13 October 2026
Dividend vs Current Market Price (Rs 13,032) represents an interim yield of ~1.23%
👀 What to Watch
Eligible investors should track the ex-dividend date around 21 September 2026 and verify payout credit by 13 October 2026.
Maharashtra Scooters Q1 PAT at ₹3.32 Cr; Proposes Name Change and Renewable Energy Entry
Maharashtra Scooters Limited (MSL) reported a Q1 FY27 PAT of ₹3.32 Cr, a significant drop from ₹35.36 Cr in the same quarter last year, primarily due to the timing of dividend income. However, the company saw a massive Total Comprehensive Income of ₹4,892.85 Cr, driven by a ₹5,705.41 Cr fair value gain on its investment portfolio. Strategically, the board has approved deleting legacy scooter manufacturing clauses from its Memorandum of Association (MOA) and adding renewable energy (solar/wind) as a new business objective. A name change was also approved to better reflect its core status as an investment holding company.
Confidence: HIGH
What changedThe company is formally transitioning its legal identity by removing legacy manufacturing objects, proposing a name change, and adding renewable energy to its business scope.
Why it mattersAs a holding company for the Bajaj Group, MSL's value is primarily driven by its ₹34,451 Cr investment portfolio; the pivot to renewable energy suggests a potential new operational revenue stream beyond passive dividend income.
Q1 FY27 PAT: ₹3.32 CrFair Value Gain (OCI): ₹5,705.41 CrBook Value per Share: ₹28,462Market Cap to Net Worth: 0.53xDividend Income (Q1): Nil
📅 Short termThe stock may see some interest due to the 'renewable energy' tag and name change, but the immediate financial impact is negligible as the core business remains investment holding.
📈 Long termThe structural shift to include renewable energy could diversify the company's cash flows, though it will likely remain a proxy for Bajaj Group performance for the foreseeable future.
⚠ Risk flags
- Concentration risk (90% of assets in Bajaj Group)
- Execution risk in the new renewable energy segment
- Volatility in earnings due to dividend timing
Key Highlights
Q1 FY27 Profit After Tax stood at ₹3.32 Cr compared to ₹35.36 Cr in Q1 FY26.
Fair value gains on equity instruments (OCI) reached ₹5,705.41 Cr during the quarter.
Reported book value per share is ₹28,462 as of June 30, 2026.
Proposed entry into renewable energy production through solar and wind resources.
Board approved a name change and the deletion of manufacturing-related clauses from the MOA.
👀 What to Watch
Investors should monitor the upcoming shareholder vote on the name change and MOA amendments, and watch for any specific capex announcements regarding the new renewable energy business.
Maharashtra Scooters Q1 PAT Rs 3.32 Cr; Proposes Name Change and Renewable Energy Entry
Maharashtra Scooters reported a sharp decline in Q1 FY27 PAT to Rs 3.32 Cr from Rs 35.36 Cr in the same quarter last year, primarily due to the absence of dividend income (nil vs Rs 22.77 Cr). The company is formally pivoting its corporate identity by proposing a name change and deleting legacy scooter manufacturing clauses from its Memorandum of Association. Notably, the board has approved adding renewable energy generation (solar/wind) to its business objects, though it intends to maintain its status as an Unregistered Core Investment Company (CIC). The reported book value of Rs 28,462 per share remains significantly higher than the current market price.
Confidence: HIGH
What changedThe company is removing legacy manufacturing clauses from its MOA, proposing a name change to reflect its investment nature, and adding renewable energy as a potential new business line.
Why it mattersThis represents the final step in transitioning from a defunct manufacturing entity to a pure-play investment vehicle and potential green energy player, aligning its corporate structure with its actual operations.
Q1 FY27 PAT: Rs 3.32 CrBook Value per Share: Rs 28,462Dividend Income (Q1): Rs 0Market Cap to Net Worth: 0.53Group Company Investment %: >90% of net assets
📅 Short termThe stock may see neutral reaction as the PAT decline is a known seasonal factor related to dividend timing, while the name change is administrative.
📈 Long termThe company remains a deep-value proxy for the Bajaj Group; the potential entry into renewable energy provides a new avenue for capital deployment beyond passive investing.
⚠ Risk flags
- High concentration risk in Bajaj Group entities
- Volatility in quarterly earnings due to dividend dependency
- Execution risk in the newly proposed renewable energy segment
Key Highlights
Q1 FY27 Revenue from operations dropped to Rs 5.41 Cr from Rs 29.27 Cr YoY due to timing of dividend receipts.
Reported Book Value per share stands at Rs 28,462 as of June 30, 2026, compared to a market price of ~Rs 12,733.
Dividend income for the quarter was Rs 0, compared to Rs 22.77 Cr in the year-ago period.
Proposed amendment to MOA to include renewable energy generation as a new business object.
Total Comprehensive Income for the quarter was Rs 4,892.85 Cr, driven by fair value gains on equity instruments (Bajaj Group holdings).
👀 What to Watch
Monitor the upcoming shareholder vote on the name change and the new renewable energy object. Investors should focus on the dividend cycles of Bajaj Auto and Bajaj Finserv, as these are the primary drivers of the company's cash flow and valuation.
₹3.32 Cr PAT in Q1; MSL to Enter Renewable Energy and Change Name
Maharashtra Scooters (MSL) reported a standalone PAT of ₹3.32 cr for Q1 FY27, a 90.6% drop YoY primarily due to the absence of dividend income (₹22.77 cr in Q1 FY26) which typically fluctuates by quarter. However, Total Comprehensive Income surged to ₹4,892.85 cr, driven by a massive ₹5,705.41 cr mark-to-market gain on its Bajaj Group investment portfolio. Strategically, the Board approved entering the renewable energy sector (solar/wind) and changing the company name to reflect its core identity as an investment vehicle. The company also moved to delete legacy scooter manufacturing clauses from its Memorandum of Association.
Confidence: HIGH
What changedThe company is formally transitioning away from its legacy manufacturing identity by proposing a name change and adding renewable energy to its business objects.
Why it mattersAs a Core Investment Company (CIC), MSL's value is tied to its ₹34,451 cr portfolio; the move into renewables suggests a new strategy for deploying surplus cash beyond group investments.
Q1 PAT: ₹3.32 crInvestment Valuation Gain (OCI): ₹5,705.41 crBook Value per Share: ₹28,462Dividend Income (Q1): ₹0Price to Book Ratio: 0.45
📅 Short termThe stock may see interest due to the significant discount to book value and the 'green energy' pivot, though actual financial impact from renewables is distant.
📈 Long termThe structural shift to a pure-play investment and energy vehicle clarifies the business model, but long-term performance remains 90% correlated to Bajaj Group entities.
⚠ Risk flags
- High concentration risk in Bajaj Group entities
- Execution risk in the new renewable energy segment
- Quarterly earnings volatility due to dividend timing
Key Highlights
Standalone PAT decreased to ₹3.32 cr from ₹35.36 cr YoY due to zero dividend income in the current quarter.
Total Comprehensive Income reached ₹4,892.85 cr, reflecting a ₹5,705.41 cr gain in the valuation of its equity holdings.
Reported Book Value per share stands at ₹28,462 as of June 30, 2026, vs a market price of ~₹12,733.
Board approved a pivot into renewable energy production (solar, wind) subject to shareholder approval.
Proposed name change and MOA amendment to remove manufacturing objects following the FY25 tool room closure.
👀 What to Watch
Watch for shareholder approval of the name change and specific capex announcements regarding the new renewable energy business. Investors should focus on the underlying value of Bajaj Group holdings rather than quarterly PAT volatility.
₹60 Final Dividend Proposed; 51st AGM Scheduled for July 29, 2026
Maharashtra Scooters Limited (MSL) has scheduled its 51st Annual General Meeting for July 29, 2026, to approve a final dividend of ₹60 per equity share for FY2026. The company has transitioned into a pure-play Core Investment Company (CIC) following the permanent shutdown of its manufacturing operations in FY25. Its primary value driver remains its ₹34,451.82 Cr investment portfolio, which is 90% concentrated in Bajaj Group entities like Bajaj Auto and Bajaj Finserv. The cut-off date for determining dividend eligibility and voting rights is July 22, 2026.
Confidence: HIGH
What changedThe company has formalized the date for its 51st AGM and confirmed the specific final dividend amount of ₹60 per share for the fiscal year 2026.
Why it mattersAs a holding company with no active manufacturing, MSL's financial health is entirely dependent on dividend income and capital appreciation from its Bajaj Group holdings; the dividend is the primary mechanism for shareholder returns.
Final Dividend: ₹60 per shareDividend Yield (at current price): 0.45%Investment Portfolio Value: ₹34,451.82 CrPortfolio vs Market Cap: 228.5%Cut-off Date: 22 July 2026
📅 Short termThe stock may see minor support due to the dividend announcement, though it typically tracks the price movements of Bajaj Auto and Bajaj Finserv.
📈 Long termMSL serves as a strategic investment vehicle for the Bajaj Group; long-term value is tied to the structural growth of the Indian automotive and financial services sectors.
⚠ Risk flags
- High concentration risk (90% of assets in Bajaj Group)
- Sensitivity to equity market volatility
- No operational manufacturing business
Key Highlights
Proposed final dividend of ₹60 per equity share of face value ₹10 for FY2026.
51st AGM to be conducted via Video Conferencing on July 29, 2026, at 10:45 AM.
Cut-off date for voting and dividend entitlement set for July 22, 2026.
Investment portfolio valued at ₹34,451.82 Cr, representing a significant premium over the current market cap of ₹15,071 Cr.
Manufacturing operations fully ceased in FY25, with the Satara factory lease transfer yielding a ₹47.11 Cr profit.
👀 What to Watch
Investors should note the cut-off date of July 22, 2026, for dividend eligibility and monitor the performance of underlying Bajaj Group stocks, which dictate MSL's Net Asset Value (NAV).
Maharashtra Scooters Declares ₹60 Dividend; FY26 Net Profit Jumps 45% to ₹310.56 Crore
Maharashtra Scooters has recommended a final dividend of ₹60 per share (600%) for FY26, with the record date set for June 30, 2026. The company reported a robust 45% growth in annual net profit, reaching ₹310.56 crore, primarily driven by a significant increase in dividend income from its investment holdings. While operational revenue grew to ₹312.76 crore, the total comprehensive income was impacted by substantial fair value losses in its investment portfolio. The dividend is scheduled to be paid on or before August 4, 2026, subject to shareholder approval.
Key Highlights
Recommended a final dividend of ₹60 per equity share (600% of face value) for FY26.
Annual Net Profit surged 44.8% year-on-year to ₹310.56 crore from ₹214.35 crore.
Dividend income, the primary revenue driver, rose 83% to ₹286.02 crore in FY26.
Earnings Per Share (EPS) increased significantly to ₹271.7 from ₹187.6 in the previous year.
Record date for dividend eligibility is fixed as June 30, 2026, with payment by August 4, 2026.
👀 What to Watch
Investors interested in the high dividend yield should ensure they hold shares before the June 30 record date. The company continues to function effectively as a holding entity for Bajaj group stocks, making its performance highly sensitive to the dividend payouts of its investee companies.
Maharashtra Scooters Recommends ₹60 Dividend; FY26 PAT Jumps 45% to ₹310.56 Crore
Maharashtra Scooters has recommended a final dividend of ₹60 per share for the financial year ended March 31, 2026, representing a 600% payout on face value. The company reported a robust financial performance with annual Profit After Tax (PAT) rising to ₹310.56 crore from ₹214.35 crore in the previous year. This growth was primarily fueled by a significant increase in dividend income, which rose to ₹286.02 crore. Shareholders as of the record date of June 30, 2026, will be eligible for the payout, subject to AGM approval.
Key Highlights
Recommended final dividend of ₹60 per equity share (600% of face value of ₹10)
FY26 Profit After Tax (PAT) increased 44.9% year-on-year to ₹310.56 crore
Dividend income, the primary revenue source, surged to ₹286.02 crore from ₹156.27 crore in FY25
Annual Basic and Diluted EPS improved significantly to ₹271.7 from ₹187.6
Record date for dividend eligibility is fixed as June 30, 2026, with payment by August 4, 2026
👀 What to Watch
Investors should consider the stock for its strong dividend yield and its role as a holding company for Bajaj Group shares. The substantial increase in dividend income and PAT reinforces its value for long-term income-focused portfolios.
Maharashtra Scooters FY26 PAT Grows 45% to ₹310.56 Cr; Declares ₹60 Dividend
Maharashtra Scooters reported a robust performance for FY26, with Profit After Tax (PAT) rising 45% to ₹310.56 crore, up from ₹214.35 crore in FY25. The growth was primarily fueled by a sharp increase in dividend income, which reached ₹286.02 crore compared to ₹156.27 crore in the previous year. The Board has recommended a substantial final dividend of ₹60 per share (600% of face value). Although Q4 PAT was lower at ₹4.01 crore, this was due to the absence of exceptional gains that were present in the previous year's corresponding quarter.
Key Highlights
Annual Profit After Tax (PAT) increased by 44.9% to ₹310.56 crore for FY26.
Dividend income, the primary revenue driver, surged to ₹286.02 crore from ₹156.27 crore YoY.
Board recommended a final dividend of ₹60 per equity share with a record date of June 30, 2026.
Full-year Earnings Per Share (EPS) improved significantly to ₹271.7 from ₹187.6.
Total Comprehensive Income was impacted by a fair value loss of ₹3,287.20 crore in the investment portfolio.
👀 What to Watch
Investors should view this as a strong performance driven by the company's holding in Bajaj group stocks. The high dividend yield remains a key attraction for long-term shareholders.
Maharashtra Scooters Invests ₹53.45 Cr in Bajaj Finance and Bajaj Auto Shares
Maharashtra Scooters Limited (MSL), acting as a core investment company, has increased its holdings in Bajaj Finance and Bajaj Auto through secondary market purchases. On March 25, 2026, the company deployed ₹21.58 crore into Bajaj Finance and ₹31.87 crore into Bajaj Auto. These acquisitions bring MSL's cumulative investment in these two entities to ₹71.65 crore and ₹112.46 crore, respectively. This move is part of MSL's ordinary course of business to consolidate its portfolio within the Bajaj group.
Key Highlights
Acquired 0.0039% stake in Bajaj Finance for ₹21.58 crore on March 25, 2026
Purchased 0.0125% stake in Bajaj Auto for ₹31.87 crore on the same date
Cumulative stake in Bajaj Finance now stands at 3.0533% with a total cost of ₹71.65 crore
Cumulative stake in Bajaj Auto reached 2.4738% with a total cost of ₹112.46 crore
Transactions were executed through the secondary market as an unregistered core investment company
👀 What to Watch
Investors should monitor MSL as a proxy for the broader Bajaj group, as its valuation is primarily driven by the market performance of these underlying holdings. No immediate action is required as these are routine investments for the company.
Maharashtra Scooters Q3 PAT Rises 25% YoY to ₹4.12 Crore; Investment Income Drives Growth
Maharashtra Scooters reported a 24.8% YoY increase in Net Profit to ₹4.12 crore for the quarter ended December 2025, despite a marginal dip in total income to ₹6.44 crore. As the company has transitioned into an investment-focused entity after closing its manufacturing unit, its performance is primarily driven by dividend and interest income. For the nine-month period, PAT surged to ₹306.55 crore, largely boosted by substantial dividend income received in the second quarter. The company's massive investment portfolio remains the primary valuation driver, reflected in the positive Other Comprehensive Income of ₹37.14 crore this quarter.
Key Highlights
Net Profit for Q3 FY26 grew by 24.8% YoY to ₹4.12 crore from ₹3.30 crore in the previous year.
Total Income for the quarter stood at ₹6.44 crore, compared to ₹6.49 crore in the same period last year.
9M FY26 PAT stands at ₹306.55 crore, a significant jump from ₹162.72 crore in 9M FY25 due to high Q2 dividend income.
The company has officially transitioned to a single business segment of 'Investments' following the closure of its factory.
Other Comprehensive Income (OCI) showed a gain of ₹37.14 crore, reflecting fair value appreciation of its investment portfolio.
👀 What to Watch
Investors should evaluate this stock as a holding company play, focusing on the market value of its underlying Bajaj group investments rather than quarterly operating revenue. The stock remains a strategic proxy for the broader Bajaj ecosystem with significant valuation tied to its investment book.
Maharashtra Scooters Q3 PAT Rises 25% to ₹4.12 Cr; 9M Profit Surges to ₹306.5 Cr
Maharashtra Scooters reported a 25% year-on-year increase in net profit for Q3 FY26, reaching ₹412 lakh compared to ₹330 lakh in the previous year. The company's performance for the nine-month period was exceptionally strong, with profit after tax jumping to ₹30,655 lakh, driven largely by a significant increase in dividend income which reached ₹28,602 lakh. As the company has closed its manufacturing operations, it now functions primarily as an investment vehicle, with its value tied to its substantial investment portfolio. Total comprehensive income for the nine-month period stood at ₹2,44,314 lakh, reflecting significant gains in the fair value of its investments.
Key Highlights
Net Profit for Q3 FY26 grew 25% YoY to ₹412 lakh from ₹330 lakh in the corresponding quarter.
Nine-month (9M) PAT surged to ₹30,655 lakh, a massive jump from ₹16,272 lakh in the previous year.
Dividend income for the 9M period nearly doubled to ₹28,602 lakh compared to ₹15,627 lakh YoY.
Basic and Diluted EPS for the 9M period increased significantly to ₹268.2 from ₹142.4.
The company has transitioned fully into an investment entity following the closure of its manufacturing unit in the previous year.
👀 What to Watch
Investors should treat Maharashtra Scooters as a holding company/investment vehicle for the Bajaj Group. The stock remains a value play based on the market value of its underlying investment portfolio and consistent dividend inflows.