Maharashtra Scooters Ltd Releases BRSR Report with Independent Assurance for FY2026

Maharashtra Scooters Ltd Releases BRSR Report with Independent Assurance for FY2026​

Maharashtra Scooters Ltd. (MSL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, detailing its corporate conduct, environmental stewardship, and social commitments. The report includes a comprehensive set of disclosures covering various sustainability principles, which was independently assured by SGS India Private Limited.

The Company, incorporated in 1975, operates primarily as a financial and insurance service entity, contributing 100% to its turnover from non-operating financial holding companies. MSL operates on a standalone basis, managing one office location nationally. The company reported total paid up capital of C 11,428 lakh for the period.

Operational and Social Commitments​

MSL reports that it has zero material risks or opportunities related to environmental and social matters within its business scope. The Board of Directors affirmed a commitment through its CSR Policy, which drives initiatives benefiting marginalized and under-privileged segments of society.

Regarding human resources, MSL recorded 5 total permanent employees (all male), demonstrating 100% coverage for essential benefits including health insurance, accident insurance, maternity benefits, and paternity benefits among these individuals. The company’s internal mechanisms include a 'Code of Ethics and Personal Conduct' (CoEPC) which provides equal opportunities and prohibits discrimination and harassment in the workplace.

MSL also reported strong engagement regarding stakeholder concerns, with all processes being reviewed periodically by senior management and placed before the Board. Furthermore, the company has established formal grievance redressal mechanisms for stakeholders, including shareholders, who filed 52 complaints during FY2026.

Environmental Performance and Governance Metrics​

The BRSR provides a detailed look into MSL’s operational practices and financial concentration metrics relative to related parties (RPTs). For both FY2025 and FY2026, the company recorded substantial reliance on RPTs in its sales, with sales to related parties reaching 97.01% in FY2026 and 87.12% in FY2025. MSL also reported that investments made into related parties constituted 99.11% of total investments during FY2026.

The report details the company’s performance against critical environmental indicators:

• GHG Emissions: Scope 1 and Scope 2 GHG emissions were reported as NIL for both employees and operations in FY2026, aligning with MSL being an investment company operating from a shared workspace.
• Energy Intensity: In the preceding year (FY2025), the energy intensity was recorded at 17.39 GJ per rupee of turnover adjusted for PPP.

Key Performance Indicators Summary​

The following table outlines key figures and operational statistics reported in the BRSR, highlighting compliance and workforce status:

Assurance and Verification Scope​

The BRSR report for MSL was independently assured by SGS India Private Limited. The assurance provided a Reasonable level of Assurance for the core indicators and a Limited level of assurance for comprehensive parameters, conducted according to ISAE 3000 (Revised) and ISAE 3410.

Separate assurances were provided on the company’s GHG inventory for Scope 1 and Scope 2 data. SGS India confirmed that nothing came to its attention that suggested the information presented in the GHG Inventory report was not prepared, in all material respects, in accordance with the reporting criteria.

MAHSCOOTER Stock Price Movement​

On Friday, shares of Maharashtra Scooters Limited shed ₹11.00, closing at ₹13,014 after slipping 0.08%. The stock traded within a narrow session, moving between a daily low of ₹13,000 and a high of ₹13,302.