Outcome of Board Meeting

NIVESH 22 October 2026 To, To, Corporate Relations Department Corporate Listing Department BSE Limited National Stock Exchange of India Ltd. DCS - CRD Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No.C-1, G Block Dalal Street, Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Code: 500266 NSE Code: MAHSCOOTER Dear Sir/Madam, Subject: Intimation under Regulation 30 read with Schedule Ill of SEBI (Listing Obligation and Disclosure Requirement), 2015 - Outcome of Board Meeting In terms of the provisions of Regulation 30 (read with Part A of Schedule III) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following, which were approved and taken on record by the Board of Directors at its meeting held today i.e., 22 October 2026: 1. Unaudited Financial Results for the quarter and half year ended 30 September 2026; and 2. Limited review report from Statutory Auditors of the Company for the quarter and half year ended 30 September 2026 The meeting commenced at 10:30 a.m. and concluded at 11:10 a.m. We request you to kindly take the same on record. Thanking you, Yours truly, For Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Saurabh Erande Company Secretary Email: investors@msls.co.in Encl.: as above BAJAJ NIVESH LIMITED (Formerly known as Maharashtra Scooters Limited) www.mahascooters.com Registered Office: 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014 Tel: +91 20 7157 6066 | Fax: +91 20 7150 5792 Corporate ID No.: L64990MH1975PLC018376 | Email ID: investors@msls.co.in kkc & associates lip Chartered Accountants (formerly Khimji Kunverji & Co LLP) Independent Auditor's Review Report on unaudited financial results for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 of Bajaj Nivesh Limited (formerly known as Maharashtra Scooters Limited) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited} Introduction 1. We have reviewed the accompanying statement of unaudited financial results of Bajaj Nivesh Limited (formerly known as Maharashtra Scooters Limited) ('the Company') for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ('the Statement'), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). We have initialed the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34 'Interim Financial Reporting' specified in section 133 of the Companies Act, 2013 ('the Act'), read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India ('the ICAI'). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Conclusion 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS, specified under Section 133 of the Act as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/W100621 Soorej Kombaht Partner ICAI Membership No.: 164366 UDIN:2'"+J6,M1'1DHl.l Place: Pune Date: 22 October 2026 Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India - NIVESH Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) CIN: L64990MH1975PLC018376 Registered Office : 6th Floor, Bajaj Finserv House, Off Pune -Ahmednagar Road, Viman Nagar, Pune -411 014 Website: www.mahascooters.com ; E-mail ID: investors@msls.co.in ; Telephone: +91 20 71576066 Statement of unaudited financial results (Statement of Profit and Loss) for the quarter and half year ended 30 September 2026 (f In Lakh) Particulars Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue from Operations (a) Interest income 707 508 730 1215 1354 2556 (b) Dividend income 28981 26325 28981 28602 28602 (c) Net gain on fair value changes 48 33 47 81 73 118 Total revenue from operations 29736 541 27102 30277 30029 31276 2 Other income 1 1 48 3 Total income (1+2) 29737 541 27102 30278 30029 31324 4 Expenses (a) Employee benefits expense 17 22 13 39 29 75 (b) Depreciation, amortisation and impairment 1 2 (c) Other expenses 132 64 109 196 201 348 Total expenses 149 86 122 235 231 425 5 Profit before tax (3-4) 29588 455 26980 30043 29798 30899 6 Tax expense (a) Current Tax 260 49 186 309 260 549 (b) Short/(Excess) provision for tax pertaining to earlier years (See note 4) 94 (769) (769) (c) Deferred tax 1 74 (7) 75 64 63 Total tax expense 261 123 273 384 (445) (157) 7 Profit after tax (5-6) 29327 332 26707 29659 30243 31056 8 Other comprehensive income (a) Items that will not be reclassified to profit or loss Remeasurement gains/(losses) on defined benefit plans (1) Changes in fair value of equity instruments carried at FVTOCI (18457) 570541 48186 552084 244976 (383569) Tax impact on above 2640 (81588) (6890) (78948) (35031) 54850 Other comprehensive income, net of tax (15817) 488953 41296 473136 209945 (328720) 9 Total comprehensive income (7+8) 13510 489285 68003 502795 240188 (297664) 10 Paid-up equity share capital (Face value off 10 each) 1143 1143 1143 1143 1143 1143 11 Other equity 3239988 3300188 2762336 12 Basic and diluted earnings per share (f) (not annualised) 256.61 2.91 233.69 259.52 264.63 271.74 Notes: 1 The Company is an unregistered core investment company focusing on earning income through dividends, interest and gains on investments . held. Hence, the Company's business activity falls within a single business segment i.e. investments. 2 Disclosure of assets and liabilities (Balance Sheet) as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 30 September 2026 (~ In Lakh) Particulars As at 30.09.2026 As at 30.09.2025 As at 31.03.2026 (Unaudited) (Unaudited) (Audited) A Assets Financial assets Cash and cash equivalents 12 7 6 Bank balances [Showing first 8,000 characters — download PDF for full document]