Summary of Proceedings

Maharashtra Scooters Limited held its 51st Annual General Meeting (e-AGM) on Wednesday, 29 July 2026 at 10:45 a.m. through Video Conferencing/Other Audio-Visual Means. The meeting was chaired by Shri Sanjiv Bajaj, Chairman of the Company.

Attendance and Quorum

  • 91 Members attended the meeting through video conferencing
  • The requisite quorum was present
  • The meeting was conducted in compliance with relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)

Meeting Facilities and Arrangements

  • The Company provided two-way video conferencing facilities through KFin Technologies Limited's website
  • All feasible efforts were taken to ensure member participation
  • Necessary documents and registers were available for electronic inspection
  • Statutory Auditors, Secretarial Auditor, and Scrutiniser were present via VC/OAVM

Agenda Items Transacted

The following ordinary business items were considered and approved:

1. Adoption of audited financial statements for the financial year ended 31 March 2026, together with Directors' and Auditors' Reports thereon

2. Declaration of a final dividend of ₹60 per equity share of face value of ₹10 each for the financial year ended 31 March 2026

3. Re-appointment of Ravikumar Srinivasan (DIN: 09345490) as director who retired by rotation under section 152(6) of the Companies Act, 2013

Management Commentary and Q&A

  • The Chairman delivered a formal address covering key updates about the Company
  • Briefed members on overview and highlights of performance during FY2026 and the first quarter of FY2027
  • Members raised queries regarding Company's accounts, businesses, and offered suggestions
  • Shri Anant Marathe, Chief Financial Officer, provided clarifications to member queries

Voting and Results

  • Remote e-voting facility was provided for all resolutions
  • Facility for voting during the e-AGM was available for members who hadn't voted earlier
  • All resolutions set out in the Notice of the 51st AGM were put for voting and passed
  • E-voting results along with consolidated Scrutiniser's Report to be filed with exchanges within two working days
  • Recorded transcript to be made available on Company's website

Meeting Duration

The meeting commenced at 10:45 a.m. and concluded at 11:41 a.m., including time allowed for e-voting at AGM.