Maharashtra Scooters AGM 2026: ₹60 Final Dividend Date

AGM scheduled for July 29 via video conferencing

Maharashtra Scooters Limited has scheduled its 51st Annual General Meeting (AGM) for Wednesday, 29 July 2026 at 10:45 a.m. IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company said its registered office at C/o Bajaj Auto Ltd., Mumbai-Pune Road, Akurdi, Pune - 411 035 will be treated as the deemed venue for the AGM.

The agenda matters include adoption of audited financial statements for the financial year ended 31 March 2026, declaration of the final dividend, and the re-appointment of a director retiring by rotation. The announcement aligns the AGM format with the Companies Act, 2013 and applicable SEBI regulations for shareholder meetings.

Board recommends ₹60 final dividend for FY2026

The Board of Directors has recommended a final dividend of ₹60 per equity share of face value ₹10 each for FY2026, subject to shareholder approval at the AGM. The company disclosed that the total payout for this final dividend is estimated at ₹6,857 lakh.

Maharashtra Scooters also reported that this final dividend is in addition to an interim dividend of ₹160 per share declared earlier. With both components, the total dividend payout for FY2026 is stated at ₹25,142 lakh (interim dividend payout of ₹18,285 lakh plus final dividend payout of ₹6,857 lakh).

Record date and dividend payment timeline

For the final dividend, the record date has been set as 30 June 2026. If shareholders approve the final dividend at the AGM, the company said the payment will be credited on or before Tuesday, 4 August 2026. The dividend will be paid to members holding shares as on the record date.

The company also disclosed that the Board, at its meeting, approved 30 June 2026 as the record date for determining members eligible to receive the final dividend, if approved at the AGM.

Electronic-only dividend payments, no physical warrants

A key procedural update in the company’s shareholder servicing is the move to electronic-only dividend payments. Maharashtra Scooters stated that dividends will be paid exclusively through electronic modes, and physical dividend warrants will not be issued. The update was linked to an amendment to Regulation 12 of the SEBI Listing Regulations, following which the company will not issue dividend warrants, demand drafts, or cheques in physical form.

Shareholders have been advised to ensure their bank account details are updated so that dividends can be credited directly through electronic clearing service or other RBI-approved electronic methods. The company indicated that shareholders may update details via Form ISR-1 or through their depository participants.

Ordinary business items on the AGM agenda

The ordinary business to be transacted at the meeting includes:

1. Adoption of the audited financial statements for FY2026 along with the Directors’ and Auditors’ reports.
2. Declaration of the final dividend of ₹60 per equity share for FY2026.
3. Re-appointment of Ravikumar Srinivasan (DIN: 09345490), who retires by rotation and is eligible for re-appointment.

Remote e-voting window and eligibility

Maharashtra Scooters has set a remote e-voting window ahead of the AGM. Remote e-voting will commence on Saturday, 25 July 2026 at 9:00 a.m. IST and conclude on Tuesday, 28 July 2026 at 5:00 p.m. IST.

The company stated that shareholders whose names appear in the Register of Members or the list of Beneficial Owners as on Wednesday, 22 July 2026 are entitled to participate in the AGM process. KFin Technologies Limited has been named as the e-voting service provider.

Key dates at a glance

Dividend summary for FY2026

Background: board meeting and disclosures

The company indicated that the Board, at its meeting held on 22 April 2026, considered and recommended the final dividend of ₹60 per equity share for the year ended 31 March 2026, subject to shareholder approval. The same set of disclosures also referred to submission of audited financial results for the year ended 31 March 2026 along with the audit report.

The company’s communication includes operational details such as the VC participation link (through the KFin platform) and the requirement for investors to update banking details to avoid payment delays under the electronic-only framework.

Market snapshot included in the disclosure stream

Alongside the AGM and dividend information, the article text also carried a market snapshot showing a price of 13,062.00 with a change of +173.00 (+1.34%) and 1-year returns of -8.47%. Another line in the text referenced “11:22 | 29-05-2026” with 12,853.45 and a change of -179.90 (-1.38%), and showed previous close as 13,033.35 with an intraday range of 12,723.10 to 13,294.10.

These figures were presented as part of the information feed around the announcement, while the company’s stated corporate actions remain centered on the AGM schedule, voting process, record date, and electronic payment requirements.

What shareholders should track next

Shareholders who plan to vote should note the remote e-voting window from 25 July to 28 July 2026, and the eligibility cut-off date of 22 July 2026 for participation. For those expecting the dividend, the critical date is the dividend record date of 30 June 2026, with payment expected on or before 4 August 2026 if the final dividend is approved at the AGM.

The next formal step is the shareholder vote at the 51st AGM on 29 July 2026, which will determine whether the final dividend is declared and the related corporate actions are implemented on the timeline stated by the company.