Maharashtra Scooters dividend: FY26 payout ₹220/share

Key takeaway for shareholders

Maharashtra Scooters Limited (NSE: MAHSCOOTER) has recommended a final dividend of ₹60 per equity share for the financial year ended 31 March 2026. The recommendation was made by the board at its meeting on 22 April 2026 and is subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM).

The final dividend comes after an interim dividend of ₹160 per share declared earlier in the same financial year. Taken together, the FY2026 dividend declared and recommended adds up to ₹220 per share on a face value of ₹10 per share.

Final dividend details: amount, record date, and credit timeline

For the FY2026 final dividend of ₹60 per share, the record date has been set as 30 June 2026. The ex-date is also listed as 30 June 2026. Shareholders who are on the company’s register as of the record date will be eligible to receive the dividend, if it is approved at the AGM.

The company has also indicated a dividend payment date timeline. If declared, the dividend will be credited on or before Tuesday, 4 August 2026 to eligible shareholders.

How eligibility works under the T+1 settlement rule

The eligibility condition highlighted for this dividend is linked to India’s T+1 settlement cycle. To receive the Maharashtra Scooters dividend, investors must hold MAHSCOOTER shares before the ex-date of 30 June 2026.

Under T+1 settlement, buying on the ex-date itself makes an investor ineligible for that dividend. This is because the trade settles after the record date cut-off for entitlement.

Interim dividend already paid in FY2026

Earlier in FY2026, Maharashtra Scooters declared an interim dividend of ₹160 per equity share (1,600% of face value). The interim dividend was announced on 15 September 2025, with an ex-date and record date of 22 September 2025.

The interim dividend was paid on 13 October 2025, as communicated by the company. This interim payout was also discussed in market coverage on the announcement day, when the share price was reported to have jumped 2.5% in that day’s trading.

FY2026 dividend yield and what it signals

The dividend yield shown for the company is 1.70 (as presented in the provided data). While yield is typically expressed as a percentage, the figure here is stated as 1.70 without further qualifiers.

Separately, the scale of the FY2026 dividend per share is clear from the company’s declared and recommended amounts. The ₹220 per share total for FY2026 includes the ₹160 interim dividend and the ₹60 final dividend recommended by the board.

Dividend payout size: FY2026 total and component split

The company has disclosed aggregate payout values for FY2026 dividends. The total dividend payout for the year is stated as ₹251.42 crore (also shown as ₹25,142 lakh). Within this total:

• Interim dividend payout is stated as ₹18,286 lakh, which equals ₹182.86 crore.
• Final dividend payout is estimated at ₹6,857 lakh, which equals ₹68.57 crore.

This payout split matches the narrative that FY2026 included a large interim dividend and a smaller final dividend recommendation.

AGM date and mode: where the final dividend gets approved

Maharashtra Scooters has scheduled its 51st AGM for 29 July 2026 through video conferencing. The final dividend of ₹60 per share remains subject to shareholder approval at this AGM.

Once approved, the company has indicated the credit timeline up to 4 August 2026 for eligible shareholders holding shares as of the 30 June 2026 record date.

Dividend payment mode: electronic credit only

The company has stated that dividends will be paid only through electronic mode and that physical warrants will not be issued. For investors, this places emphasis on ensuring that bank account details are correctly linked to their shareholding records.

The general timeline shared is that the dividend is credited to the linked bank account within 30 days of the record date, with the final dividend credit also specifically indicated on or before 4 August 2026.

TDS and documentation reminder linked to the interim dividend

For the interim dividend, Maharashtra Scooters also notified shareholders about the Tax Deducted at Source (TDS) process under the Income Tax Act. The communication highlighted the need to submit valid PAN, residential status, and other necessary documents by 1 October 2025 to the Registrar and Transfer Agent (KFintech), including for non-residents seeking DTAA benefits.

Company snapshot from the provided overview

As per the company overview shared in the provided data, Maharashtra Scooters Ltd is engaged in assembling geared scooters. It markets scooters under the brand names Chetak, Super and Priya.

Quick reference table: FY2026 dividend dates and amounts

What investors typically track from here

For investors tracking dividends, the next formal step is shareholder approval at the 29 July 2026 AGM. The operational cut-off for eligibility remains the 30 June 2026 ex-date and record date.

If the final dividend is approved, the company’s stated schedule points to credit on or before 4 August 2026, with payments made electronically to shareholders’ linked bank accounts.