Maharashtra Scooters Declares Hefty Dividend! Rs. 160 Payout, Record Date Out, Payable By 13 October; Buy?

At its meeting today, Monday, September 15, 2025, the Board of Directors of Maharashtra Scooters Limited (MSL) announced that the company will pay an interim dividend of 1600% for the fiscal year that ends on March 31, 2026. Payout and record dates have also been set for the same reason. At least 90% of the assets of Maharashtra Scooters Limited (MSL), an Indian Core Investment Company (CIC), belong to the Bajaj group, with the remaining portion being debt instruments. Listed on both the National Stock Exchange of India and the BSE, MSL is a subsidiary of Bajaj Holdings and Investment Limited.

Maharashtra Scooters Dividend

"An Interim Dividend of Rs. 160 (1600%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2026 has been declared. Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Monday, 22 September 2025. The aforesaid Interim Dividend shall be credited / dispatched on or around Monday, 13 October 2025, to the eligible shareholders as on the said Record Date," said Maharashtra Scooters in a stock exchange filing on Monday.

Maharashtra Scooters News

With effect from October 1, 2025, the Board appointed Shri Saurabh Erande as the company secretary based on the Nomination and Remuneration Committee's recommendation. Today, Monday, September 15, 2025, the same was also approved.

Maharashtra Scooters Target Price

"Maharashtra Scooters is trading near record-high territory, reflecting strong momentum. Immediate support is seen at Rs 17,800, which acts as a crucial base for the uptrend. On the upside, resistance is placed around Rs 18,600-Rs 18,800; a breakout above this zone may trigger a fresh rally toward Rs 19,200-Rs 19,500. RSI indicates strong bullish sentiment but is approaching overbought levels, hinting at possible short-term consolidation. Traders can adopt a buy-on-dips strategy with a stop loss near Rs 17,600, while investors may hold for medium-term strength," commented Riyank Arora of Mehta Equities Ltd.

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