Maharashtra Scooters from Bajaj Group announces 1,600% dividend, stock rises

Maharashtra Scooters, a BAJAJ group company, announced an interim dividend of RS 160 per share, a stunning 1,600% of his RS 10 nominal value, making the share 3% higher on Monday. The dividend, for the financial year ending on March 31, 2026, was established on a record date of 22 September, with payments expected around October 13, 2025.

Maharashtra Scooters shares jumped to 2.8% intraday to RS 18,526 on the BSE on Monday. The share has almost doubled over the past six months and has risen around 90% to date, which marks its fifth consecutive year of positive annual returns since 2021.

Earlier in April, the company had declared a final dividend of RS 30 per share, together with an extra special dividend of RS 30 for the 2025 financial year. Investors who bought the share before the ex-dividend date, usually the day before the record date, is eligible for the latest payment.

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The record date for the interim dividend was determined on September 22, with payments that are expected to be credited or sent around 13 October 2025. Investors will closely monitor to see if the share retains its upward momentum after the dividend announcement.

Maharashtra Scooters is involved in the production of car parts and equipment, including pressure that casting, molds and fixture products for two and tricycle. Read also | OLA Electric vs Ather Energy Shares: Which EV bets now looks stronger for your portfolio? The company also announced the appointment of Saurabh Erande as a business secretary, radically on October 1, 2025, after the recommendation of its Nomination and Remuneration Committee.

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