Maharashtra Scooters Ltd
NSE: MAHSCOOTER BSE: 500266
₹11862
-420 (3.42%)
Sun, 25 Oct 2026, 02:59 pm
Market Cap (in Cr)13530.4
PE Ratio44.49
Dividend1.86
Finance
Financial Conglomerates
24.5KMaharashtra Scooters Ltd Company History
1975
- The company was incorporated on 11th June at Pune.
- The company was promoted by Western Maharashtra Development Corporation Ltd and Bajaj Auto Ltd.
- The company entered into two agreements with Bajaj Auto Ltd, one for preparation of the project report and another for technical know-how and assistance.
1977
- 70 shares were subscribed for by the signatories to the Memorandum of association.
- 2,69,960 shares were allotted to WMDC and 2,39,970 shares were allotted to Bajaj Auto, Ltd.
- 4,90,000 shares were offered at par to the public during November 1977.
1982
- 428,571 bonus shares were issued in proportion 3:7.
1985
- The installed capacity was increased from 73,000 to 87,000 motorised two-wheelers upto 350cc engine capacity.
1986
- The company applied for further enhancement of its licensed capacity from 87,000 to 2,00,000 nos of motorised two-wheelers and three-wheelers.
- The company renewed its technical agreement with Bajaj Auto Ltd for a further period of ten years from 1st January, 1998.
- 1,428,571 bonus shares were issued in proportion 1:1.
1990
- The company commenced commercial manufacture of Bajaj Super Scooters.
- The company entered into a technical know-how agreement with Bajaj Auto, Ltd for manufacture of Bajaj Super Scooters.
- 2,857,142 bonus shares were issued in proportion 1:1.
1996
- The company renewed its Technical know-how agreement with Bajaj Auto Ltd for a further period of 10 years.
- The company entered into a protocol agreement with both the promoters of the company.
1997
- A deal was signed between the companies valid for 10 years from January 1, 1998.
- The company approved a proposal to issue one bonus share for every equity share held.
- The company recommended the issue of 57,14,284 bonus shares of Rs. 10 each.
2000
- Bajaj Auto Limited offered to buy out the Maharashtra government's entire 27 per cent holding in Maharashtra Scooters Limited
- The company introduced a five-day working week at its plant in Satara due to recession in the scooter segment.
- The company introduced a voluntary retirement scheme for its permanent staff members.
- The company was presented the Dr. R J Rathi Award for Environment Pollution Control.
2001
- Bajaj Auto Ltd evinced interest to purchase the 27 per cent equity stake in Maharashtra Scooters Ltd
- The company introduced a Voluntary Retirement Scheme during the year.
2002
- The Maharashtra government formed a committee to speed up strategic sale of its stake in Maharashtra Scooters.
2003
- The controversy over valuation of the Maharashtra government's 27 per cent stake in Maharashtra Scooters Ltd took a new turn.
2006
- The company completed production of CBU scooters from available CKD packs.
2010
- The company's E-mail ID of Investor Grievance was [email protected]
2011
- The company hosted a website with domain name www.mahascooters.com
- The company announced a Voluntary Retirement Scheme for the permanent staff.
- The company announced a Voluntary Retirement Scheme for the permanent daily rated workmen.
2012
- Shri Naresh Patni was appointed as Director of the Company.
- The company recommended a Dividend of Re. 1.00 per share.
2013
- The company recommended a Dividend of Rs. 20 per share.
- Shri Ramesh D. Devkar was appointed as Director of the Company.
2014
- The company recommended a Dividend of Rs. 25.00 per share.
- Shri G.B. Maware was appointed as Nominee Director.
2015
- The company authorised KMPs to determine materiality of events/information.
