Maharashtra Scooters share price rose almost 3 percent in intra-day deals on Monday, September 9 after the firm announced ₹160 dividend.

The board of directors has announced an interim dividend of ₹160 per equity share (1600%). The record date to determine shareholders eligible for the dividend has been fixed as Monday, September 22, 2025. The dividend amount will be credited or dispatched to eligible shareholders on or around Monday, October 13, 2025.

“An Interim Dividend of Rs. 160 (1600%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2026 has been declared. Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Monday, 22 September 2025. The aforesaid Interim Dividend shall be credited / dispatched on or around Monday, 13 October 2025, to the eligible shareholders as on the said Record Date,” the firm said in an exchange filing.

Appointment of New Company Secretary

Moreover, the board, based on the recommendation of the Nomination and Remuneration Committee, has appointed Shri Saurabh Erande as the Company Secretary with effect from October 1, 2025.

Saurabh Erande is a seasoned Company Secretary with over 16 years of corporate experience. He has worked extensively in the areas of corporate governance, regulatory compliance management, and compliance audits. Erande has led initiatives for process improvements and strengthening compliance structures and has handled assignments related to pre-due diligence and post-merger & acquisition (M&A) integration.

Maharashtra Scooters Q1 Results

Maharashtra Scooters posted a sharp turnaround in its financial performance for the first quarter of FY26, reporting a 328.09 percent surge in standalone net profit to ₹35.36 crore, compared with the same quarter last year.

The company’s total income jumped 241.54 percent year-on-year to ₹29.27 crore. Pre-tax profit stood at ₹28.18 crore in Q1 FY26, marking a significant improvement from a pre-tax loss of ₹11.77 crore reported in Q1 FY25.

Maharashtra Scooters operates as a manufacturing and unregistered core investment company. It is primarily engaged in producing dies, jigs, fixtures, and die-casting components for the automobile industry, among other businesses.

Maharashtra Scooters stock performance

The stock rose as much as 2.7 percent to its day’s high of ₹18,512. It has gained 71 percent in the last 1 year and 99 percent in the last 6 months.

Meanwhile, in he last 5 years, the stock has given multibagger returns, surging 511 percent in last 5 years.

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