Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter Ended 30 June 2026

29 July 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, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ‘SEBI Listing Regulations’) - Outcome of Board Meeting The Board of Directors at its meeting held today i.e., 29 July 2026, approved the following: 1. Unaudited Financial Results In terms of the provisions of Regulation 30 (read with Part A of Schedule III) and 33 of the SEBI Listing Regulations, please find enclosed the Unaudited Financial Results along with Limited Review Report for the quarter ended 30 June 2026. 2. Amendment to the Object Clause of the Memorandum of Association (‘MOA’) of the Company As the Members are aware that the Company is an Unregistered Core Investment Company (‘Unregistered CIC’) pursuant to RBI Act, 1934 read with relevant applicable RBI Master Directions for Core Investment Companies. Further, in compliance with the Master Directions, the Company holds not less than 90% of its net assets in the form of investment in Group companies. Members are also aware that the Company had discontinued manufacturing of geared scooters in the year 2006 and also closed the tool room operations in FY2025. In line with the strategic objective of remaining Unregistered CIC and in view of the current businesses, it is proposed to delete the existing scooter manufacturing related Clauses in III (A)(1) and III (A)(2) of the existing Memorandum Of Association (‘MOA’) of the Company, and have the existing investment related Clause III (A)(3) as clause III (A)(1) in line with Companies Core objective of being an Unregistered CIC. www.mahascooters.com Corporate Office: 6th Floor, Bajaj Finserv Corporate Office, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India | Tel: +91 20 7157 6066 | Fax: +91 20 7150 5792 Registered Office: C/o Bajaj Auto Limited Complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra, India Corporate ID No.: L35912MH1975PLC018376 | Email ID: investors@msls.co.in The Board of Directors of the Company at its meeting held today with a view to pursue the generation and production of renewable energy through solar, wind and other natural resources at appropriate time, accorded its consent for amendment of the MOA, subject to approval of Members, as Clause III (A)(2). The Board is of the view that the said new business though not germane with the present objects, can be conveniently combined with the existing business of investment as Unregistered CIC and the strategic objective of remaining as an unregistered CIC. Insertion of the new Object Clause will not impact the Company’s status as an Unregistered CIC and it will continue to remain Unregistered CIC pursuant to RBI Master Directions. 3. Change in Name of the Company The Board also approved a proposal for change of name of the Company in consonance with the core strategic objectives of the Company subject to necessary approvals. The item no 2 and 3 approved by the Board are subject to the approval of Members of the Company, statutory and regulatory authorities as may be required. The Company will take necessary steps to obtain Members’ approval in this regard. The meeting commenced at 10:00 a.m. and concluded at 10:30 a.m. We request you to kindly take the same on record. Thanking you, Yours truly, For Maharashtra Scooters Limited Saurabh Erande Company Secretary Email: investors@msls.co.in Encl.: as above www.mahascooters.com Corporate Office: 6th Floor, Bajaj Finserv Corporate Office, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India | Tel: +91 20 7157 6066 | Fax: +91 20 7150 5792 Registered Office: C/o Bajaj Auto Limited Complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra, India Corporate ID No.: L35912MH1975PLC018376 | 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 June 2026 of Maharashtra Scooters Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors Maharashtra Scooters Limited Introduction 1. We have reviewed the accompanying statement of unaudited financial results of Maharashtra Scooters Limited ('the Company') for the quarter ended 30 June 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 initialled 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 l manner in which it is to be disclosed, or that it contains any material misstatement. Sunshine Tower, Level 19, Senapati Ba pat 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 kkc & associates lip Chartered Accountants (formerly Khimji Kunverji & Co LLP) Other Matter 5. Attention is drawn to the fact that the figures for the quarter ended 31 March 2026 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published unaudited year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit. Our conclusion is not modified in respect of this matter. For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/Wl00621 Soorej Kombaht Partner ICAI Membership No: 164366 UDIN: 2.'=- I'+ 3 (;' G N ~ Ii. F' A~=::::: [Showing first 8,000 characters — download PDF for full document]