Maharashtra Scooters Limited has communicated with shareholders regarding the upcoming final dividend. The company is advising on the process for claiming TDS exemption and the necessary documentation. Shareholders are also requested to update their bank account details, either through their Depository Participant or directly with the company’s Registrar and Transfer Agent, KFin Technologies Ltd. The dividend will be disbursed exclusively through electronic modes.
Important Shareholder Update
Maharashtra Scooters Limited has issued a detailed communication to its shareholders on Tuesday, June 9, 2026, concerning the final dividend and bank account updation. This announcement pertains to shareholders holding shares as of Friday, June 5, 2026, and whose email addresses are registered with the company or depositories.
TDS on Final Dividend
The communication clarifies the process and documentation required for shareholders to claim exemption from Tax Deduction at Source (TDS) on the final dividend. It reminds shareholders that dividend income is taxable and the company is obligated to deduct tax at source as per the Income-tax Act, 2025, where applicable.
Updation of Bank Account Details
Shareholders are also being requested to update their bank account details. For those holding shares in dematerialised form, this update should be done through their Depository Participant. Shareholders holding shares in physical form should update their details with the Company or its Registrar and Transfer Agent, KFin Technologies Ltd. This is crucial as the company is mandated to pay dividends solely through electronic modes, as per SEBI Listing Regulations.
Specimen Communication Available Online
A specimen copy of the detailed communication sent to shareholders is available on the Company’s website at https://www.mahascooters.com/investors.html#miscellaneous.
Source: BSE
