Shareholders meeting

4 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, Subject: Notice of 51st Annual General Meeting (‘AGM’) and Annual Report for FY2026 Pursuant to Regulation 34(1) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ‘SEBI Listing Regulations’), please find enclosed herewith following documents for FY2026, as circulated to the Members today through electronic mode: • Notice of 51st AGM scheduled to be held on Wednesday, 29 July 2026 at 10:45 a.m. (IST) through Video Conferencing ('VC') facility/other audio-visual means ('OAVM'). • Annual Report (including the Business Responsibility and Sustainability Report) for FY2026. Further, in accordance with the Regulation 36(1)(b) of the SEBI Listing Regulations, a letter containing the web-link and QR Code for accessing the Notice of 51st AGM and Annual Report for FY2026 is being sent to all those Members who have not registered their email IDs. Aforesaid documents are available on the website of the Company and can be accessed by clicking at Annual Report and Notice of 51st AGM and also on the website of KFin Technologies Limited, Registrar to an issue and Share Transfer Agent at https://evoting.kfintech.com. We request you to kindly take the same on record. Thanking you, 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 MAHARASHTRA SCOOTERS LIMITED CIN: L35912MH1975PLC018376 Registered Office: C/o Bajaj Auto Limited Complex, Mumbai - Pune Road, Akurdi, Pune - 411 035 Email ID: investors@msls.co.in | Website: www.mahascooters.com Tel: (020) 7157 6066 Fax no.: (020) 7150 5792 NOTICE OF 51ST ANNUAL GENERAL MEETING (‘AGM’) Notice is hereby given that the fifty-first (51st) Annual General Meeting of the members of Maharashtra Scooters Limited (‘MSL’ or the ‘Company’) will be held on Wednesday, 29 July 2026 at 10:45 A.M. IST through Video Conferencing (‘VC’) / Other Audio-Visual Means (‘OAVM’) (hereinafter referred to as ‘e-AGM’) to transact the following: ORDINARY BUSINESS: 1. To consider and adopt the audited financial statements of the Company for the financial year ended 31 March 2026, together with the Directors’ and Auditors’ Reports thereon. 2. To declare a final dividend of C 60 per equity share of face value of C 10 each for the financial year ended 31 March 2026. 3. To appoint a director in place of Ravikumar Srinivasan (DIN: 09345490), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible, offers himself for re-appointment. By order of the Board For Maharashtra Scooters Limited Sd/- Saurabh Erande Company Secretary Membership No.: A25908 Pune: 22 April 2026 Notice 1 NOTES General Information 1. The Ministry of Corporate Affairs (‘MCA’) vide its General Circular No. 03/2025 dated 22 September 2025, permitted holding of the AGM through VC/OAVM, without physical presence of the members at a common venue. In compliance with the MCA Circulars, AGM of the Company is being held through VC/OAVM. The Registered Office of the Company shall be deemed to be the venue for the AGM. 2. KFin Technologies Limited (‘KFin’), Registrar to an Issue and Share Transfer Agent (‘RTA’) of the Company, will be providing facility for voting through remote e-voting, participation in the AGM through VC/OAVM facility and e-voting during the AGM. The procedure for participating in the meeting through VC/OAVM is explained at Note No. 15 below, and is also available on the website of the Company at https://www.mahascooters.com/investors.html#annualReports 3. In terms of section 101 and 136 of the Companies Act, 2013 (the ‘Act’) read with rules made thereunder, regulation 36 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (the ‘SEBI Listing Regulations’) and in terms of MCA circular, the listed companies may send the Notice of AGM along with the Annual Report only through electronic mode to those members whose e-mail addresses are registered with the Company/Depositories. Accordingly, this Notice of fifty-first (51st) e-AGM is being sent to the members whose e-mail addresses are registered with the Company/Depositories. Members may note that the Notice of the fifty-first (51st) e-AGM and Annual Report for FY2026 will also be available on the Company’s website at https://www.mahascooters.com/investors.html#annualReports, website of the Stock Exchanges viz., BSE Limited (‘BSE’) at https://www.bseindia.com/ and National Stock Exchange of India Limited (‘NSE’) at https://www.nseindia.com/ and on the website of KFin at https://evoting.kfintech. com. In this Notice, the term member(s) or shareholder(s) are used interchangeably. 4. Since this AGM is being held through VC/OAVM, physical attendance of members has been dispensed with. Accordingly, the facility for appointment of proxies by the members will not be available for the e-AGM. Hence, the Proxy Form and Attendance Slip are not annexed to this Notice. 5. Members, who would like to express their views or ask questions during the e-AGM may register themselves as a ‘Speaker’ by following the process as specified at the Note No. 22. 6. Institutional/Corporate shareholders (i.e., other than individuals/HUF, NRI, etc.) are required to send a scanned copy (pdf/jpg format) of its board or governing body’s resolution/authorisation, etc., authorising their representative to attend the e-AGM on its behalf and to vote through remote e-voting. The said resolution/authorisation shall be sent to the scrutiniser by e-mail through its registered e-mail address to sbhagwatcs@yahoo.co.in with a copy marked to mohsin.mohd@kfintech.com 7. Brief details of the Director, who is being re-appointed, is annexed hereto as per requirements of regulation 36(3) of the SEBI Listing Regulations and Secretarial Standard-2 on General Meetings. 8. The facility of joining the e-AGM through VC/OAVM will be opened 30 minutes before the scheduled start time of the e-AGM, i.e., from 10:15 a.m. (IST). 9. For more details on shareholder matters, please refer to the section on ‘General Shareholder Information’, included in the Annual Report. 10. Since t he meeting will be conducted through VC/OAVM facility, the route map is not annexed to this Notice. PERSON WHO BECOMES MEMBER AFTER DISPATCH OF E-AGM NOTICE 11. In case a person becomes a member of the Company after dispatch of e-AGM Notice, and is a member as on the cut-off date for e-voting, i.e., Wednesday, 22 July 2026, such member may obtain the user ID and password from KFin by sending request on evoting@kfintech.com from registered e-mail ID. In case the e-mail ID is not registered, such members are requested to register/update the same with the respective depository participants. SCRUTINISER DETAILS 12. The Board of Directors at its meeting held on 22 April 2026 have appointed Sachin Bhagwat (ACS No. 10189 CP No. 6029), Practicing Company Secretary, or failing him Amruta Patil (ACS No. A25028, CP No. 27101), Partner, Jog Limaye & Associates as the Scrutiniser to the e-voting process and voting at the AGM in a fair and transparent manner. 2 51st Annual Report 2025-26 13. The Scrutiniser shall, immediately after the conclusion of e-voting at the AGM, first count the votes cast at the [Showing first 8,000 characters — download PDF for full document]