Maharashtra Scooters Ltd. — AGM Information 2021

Jul 22, 2021

@ MAHAHA'SHHIA 'SCDDTEH'S LTD. CIN-L35912MH1975PLC018376 Regd. Office : C/o Bajaj Auto Limited, Mumbai-Pune Road, Akurdi, Pune 411 035 (India) Phone : 020-27 4 72851, Fax : 020-66334103 Wi;!bsite : www.mahascooters.com

22 July 2021

To	To
Corporate Relations Department	Corporate Listing Department
BSE Limited	National Stock Exchange of India Ltd.
151 Floor, New Trading Ring	Exchange Plaza, 5th Floor
Rotunda Building, P J Tower	Plot No.C-1, G Block
Dalal Street	Bandra-Kurla Complex
Mumbai 400 001	Sandra (East), Mumbai 400 051
BSE Code: 500266	NSE Code: MAHSCOOTER

• Sub: Disclosure of events pursuant to Regulation 30 (2) Schedule Ill Part A (13) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
• Ref: Summary of proceedings of the 461 h Annual General Meeting held on 21 July 2021

Dear Sir/Madam,

• The 45th Annual General Meeting (AGM) of the members of MAHARASHTRA SCOOTERS LIMITED was held on Wednesday, 21 July 2021 at 16.15 p.m. through Video Conference (VC) I Other Audio Visual Means (OAVM). The meeting was held in compliance with circulars issued by the.Ministry of Corporate Affairs and Securities and Exchange Board of India.
• Shri Sanjiv Bajaj, Chairman of the Company chaired the meeting.
• 39 Members attended the meeting through VC.
• The requisite quorum, being present, Chairman called the meeting to order.
• The Chairman informed that the Meeting was held through VC/OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.
• The Chairman confirmed that the Company has taken all feasible efforts to ensure that the Members are provided an opportunity to participate at the AGM.
• The Chairman introduced the Directors at the meeting. He confirmed that all the directors were present at the meeting.
• He confirmed that the Chief Financial Officer and Company Secretary were present at the meeting.
• The Chairman also confirmed presence of Shri Suhas Deshpande and Shri Parag Pansare, Partners, Kirtane & Pandit LLP, Chartered Accountants, Statutory Auditors of the Company a · hyamprasad D. Limaye, the Secretarial Auditor and Scrutiniser a §in /' e Company to scrutinise the e,.voting ^~?

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@ :MAHARASHTHA SCOOTERS lTD. CIN-L35912MH1975PLC018376 Regd. Office: C/o Bajaj Auto Limited, Mumbai-Pune Road, Akurdi, Pune 411 035 (India) Phone: 020-27472851, Fax: 020-66334103 Website : www.mahascooters.com

process on the resolutions proposed in the notice of the said meeting, through VC/OAVM.

• The Chairman informed the members that the documents pursuant to the MCA circulars and Companies Act, 2013 were available for inspection electronically.
• The Chairman then delivered his opening address.
• The Chairman, thereafter, informed the members that the Company had provided the members the facility to cast their votes electronically through remote e-voting on all the resolutions set forth in the notice as per the provisions of the Companies Act, 2013 and Rules made thereto.
• The Chairman informed the Members that the facility for voting through e-voting system was made available during the AGM for Members who had not cast their vote prior to the Meeting.
• The following items of business as per the Notice of 461 h Annual General Meeting were commended for members consideration and approval:-

Ordinary Business

• (i) Adoption of audited financial statements for the financial year ended 31 March 2021, together with Directors' & Auditors' reports thereon;
• (ii) Confirmation of the dividend of Rs. 50 per equity share of face value of Rs.1 O each for the financial year ended 31 March 2021; and
• (iii) Appointment of a director in place of V. Rajagopalan, who retires by rotation in terms of section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment as a Director.
• On the invitation of the Chairman, Member(s) who had previously registered themselves as speakers, offered their queries, comments and sought clarifications.
• Clarifications were provided by Shri Sanjiv Bajaj, Chairman and Shri Anant Marathe, CFO, to the queries raised by the members.
• The Chairman, thereafter, thanked all the members for their participation at the AGM and for their constructive suggestions and comments.
• The Chairman then authorised the Company Secretary to carry out the e-voting process and to declare the results of voting after receipt of Scrutinizers Report .
• •

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Factory: C-1, M.l.D.C., Satara 415 004 P one : 298129 Fax: 91-02162-244428

@ MAHARASHTRA SCDDTERS lTD. CIN-L35912MH1975PLC018376 Regd. Office : C/o Bajaj Auto Limited, Mumbai-Pune Road, Akurdi, Pune 411 035 (India) Phone: 020-27472851, Fax: 020-66334103 Website : www.mahascooters.com

• The meeting commenced at 16:15 pm and concluded at 17.05 pm (including time allowed fore-voting at AGM).

Kindly take the above intimation on your record.

Thanking you,