Maharashtra Scooters Ltd., a prominent subsidiary of Bajaj Holdings & Investment Ltd., has declared a significant interim dividend of Rs 160 per equity share for the financial year 2026-27. This payout translates to an impressive 1600 percent on the face value of Rs 10 per share.
Key Dividend Dates
The company's board, during its meeting on September 15, 2026, approved this substantial dividend. Shareholders eligible to receive the interim dividend will be determined based on the record date, which has been set for Monday, September 21, 2026. The payment for the dividend is scheduled to be credited to eligible shareholders on or before Tuesday, October 13, 2026.
Strategic Changes and Financial Performance
In addition to the dividend announcement, Maharashtra Scooters is undergoing significant strategic changes. The company has proposed a name change to Bajaj Nivesh Ltd. to better align with its evolving core objectives. Furthermore, the board has approved the inclusion of a new object clause in its Memorandum of Association, enabling the company to venture into the generation and production of renewable energy, including solar and wind resources. These amendments are subject to the approval of shareholders and relevant regulatory authorities.
Financially, Maharashtra Scooters reported a substantial decline in its standalone net profit for the June quarter (Q1 FY27), plunging 99.91 percent year-on-year to Rs 0.03 crore from Rs 35.36 crore in the same period last year. Total income also saw an 81.51 percent decrease to Rs 5.41 crore in Q1 FY27. Bajaj Holdings holds a 51 percent majority stake in Maharashtra Scooters, which primarily manufactures dies, jigs, fixtures, and die-casting components for the automobile industry.