Maharashtra Scooters Limited Announces Unaudited Quarterly Results and Approves Strategic Shifts
The Board of Directors of Maharashtra Scooters Limited approved several strategic initiatives, including an amendment to the Memorandum of Association (MOA) and a proposal for a change in the company's name. The results of the board meeting were released alongside the unaudited financial performance for the quarter ended 30 June 2026.The Company holds its status as an Unregistered Core Investment Company (CIC), which involves holding not less than 90% of its net assets in investments within Group companies, in compliance with RBI Master Directions. Members are informed that the company previously discontinued manufacturing geared scooters in 2006 and closed tool room operations in FY2025.
Financial Performance Overview
The unaudited financial results for the quarter ended 30 June 2026 were reviewed by KKC & Associates LLP, Chartered Accountants (formerly Khimji Kunverji & Co LLP). The performance metrics are detailed below (amounts in Lakh):| Particulars | Quarter ended 30.06.2026 (Unaudited) | Quarter ended 31.03.2026 (Unaudited) | Quarter ended 30.06.2025 (Unaudited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total income (1+2) | 541 | 651 | 2927 | 31324 |
| Total expenses | 86 | 105 | 109 | 425 |
| Profit before tax | 455 | 546 | 2818 | 30899 |
| Total tax expense | 123 | 145 | (718) | (157) |
| Profit after tax | 332 | 401 | 3536 | 31056 |
| Other comprehensive income, net of tax | 488953 | (542379) | 168649 | (328720) |
| Total comprehensive income | 489285 | (541978) | 172185 | (297664) |
The company's basic and diluted earnings per share stand at 2.91 for the quarter ended 30 June 2026, compared to 3.51 in the quarter ended 31 March 2026. As of 30 June 2026, the Company's book value is reported at 28,462 per share.
Strategic Amendments and Corporate Objectives
The Board sanctioned a proposal for amendment to the MOA, aiming to align with the strategic objective of remaining an Unregistered CIC. This amendment proposes deleting existing scooter manufacturing related Clauses in III (A)(1) and III (A)(2) of the MOA and reassigning the investment related Clause III (A)(3) as clause III (A)(1).Additionally, the Board accorded consent for a new business objective: pursuing the generation and production of renewable energy through solar, wind, and other natural resources. The board views this new business as conveniently combinable with the existing investment activities within the Unregistered CIC framework.
The Board also approved a proposal for a change in the name of the Company, subject to necessary approvals from members and statutory authorities. Both the MOA amendment and the name change are pending the approval of Members.
MAHSCOOTER Stock Price Movement
As of 11:11 AM, Maharashtra Scooters Limited stock is climbing steadily at ₹12801, having risen by 0.53% in live trading. The equity trades within a broad intraday range, with the company logging 13,532 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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