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

Maharashtra Scooters, a Bajaj Group company, announced an interim dividend of Rs 160 per share, a staggering 1,600% of its Rs 10 face value, sending its stock 3% higher on Monday. The dividend, for the financial year ending March 31, 2026, is set for a record date of September 22, with payments expected around October 13, 2025.

Shares of Maharashtra Scooters jumped as much as 2.8% intraday to Rs 18,526 on the BSE on Monday. The stock has nearly doubled over the past six months and is up roughly 90% year-to-date, marking 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 along with an additional special dividend of Rs 30 for the financial year 2025. Investors buying the stock before the ex-dividend date, typically the day before the record date, will be eligible for the latest payout.

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The record date for the interim dividend is set for September 22, with payments expected to be credited or dispatched around October 13, 2025. Investors will watch closely to see if the stock maintains its upward momentum following the dividend announcement.

Maharashtra Scooters is engaged in manufacturing automobile parts and equipment, including pressure die casting dies, jigs, and fixture products for two- and three-wheelers. Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?The company also announced the appointment of Saurabh Erande as Company Secretary, effective October 1, 2025, following the recommendation of its Nomination and Remuneration Committee.

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