AGM Details
The 51st Annual General Meeting will be held on Wednesday, 29 July 2026 at 10:45 a.m. (IST) through Video Conferencing facility/Other Audio-Visual Means. The registered office at C/o Bajaj Auto Limited Complex, Mumbai - Pune Road, Akurdi, Pune - 411 035 shall be deemed venue.
Business to be Transacted
Ordinary Business:
1. To consider and adopt audited financial statements for FY2026 with Directors' and Auditors' Reports
2. To declare final dividend of ₹60 per equity share (face value ₹10 each) for FY2026
3. To reappoint Ravikumar Srinivasan (DIN: 09345490) as director who retires by rotation
Dividend Information
The Board recommended final dividend of ₹60 per equity share for FY2026. This is in addition to interim dividend of ₹160 per equity share declared on 15 September 2025. Total dividend payout for FY2026 would be ₹25,142 lakh (interim ₹18,285 lakh + final ₹6,857 lakh).
Dividend if declared will be paid on or before Tuesday, 4 August 2026 to shareholders as on record date of 30 June 2026. Dividend will be paid through electronic mode only as per RBI approved methods.
Financial Highlights (FY2026)
- Total Income: ₹31,324 lakh (FY2025: ₹18,520 lakh)
- Profit Before Tax: ₹30,899 lakh (FY2025: ₹21,528 lakh)
- Profit After Tax: ₹31,056 lakh (FY2025: ₹21,435 lakh)
- Earnings Per Share: ₹271.7 (FY2025: ₹187.6)
- Paid-up Equity Capital: ₹1,143 lakh (11,428,568 shares of ₹10 each)
Corporate Governance
- Board comprises 6 directors (2 executive, 3 independent, 1 non-executive chairman)
- Ravikumar Srinivasan appointed as Joint Managing Director w.e.f. 1 August 2025
- Company continues as Unregistered Core Investment Company with 90% assets invested in Bajaj Group
- CSR expenditure of ₹106 lakh against obligation of ₹105 lakh
Voting Arrangements
- Remote e-voting period: 25 July 2026 (9:00 a.m.) to 28 July 2026 (5:00 p.m.)
- Cut-off date for voting rights: 22 July 2026
- Scrutiniser: Sachin Bhagwat, Practicing Company Secretary
Documents Available
- Notice of AGM: https://www.mahascooters.com/pdf/AGM Notice – FY2026.pdf
- Annual Report: https://www.mahascooters.com/pdf/Annual Report - FY2026.pdf
- Both documents also available on KFin Technologies website: https://evoting.kfintech.com
Key Dates
- AGM Date: 29 July 2026
- Record Date for Dividend: 30 June 2026
- Dividend Payment Date: On or before 4 August 2026
- Remote e-voting: 25-28 July 2026
Additional Information
The Annual Report includes Business Responsibility and Sustainability Report with reasonable assurance obtained on BRSR Core indicators from SGS India Private Ltd. The company has 5 permanent employees as on 31 March 2026.