StockWatch
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Investment Company
Board Meeting29 Jul 2026, 11:06 am

Maharashtra Scooters to Amend MOA/AOA, Considers Name Change

AI Summary

Maharashtra Scooters Limited's Board of Directors, in a meeting held on July 29, 2026, approved amendments to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The proposed changes include deleting clauses related to scooter manufacturing and adding provisions for renewable energy generation. The company, currently an Unregistered Core Investment Company (CIC), aims to align its MOA with its strategic objective of remaining a CIC. Additionally, the Board approved a proposal for a change in the company's name, subject to member and regulatory approvals. The company also announced the unaudited financial results for the quarter ended June 30, 2026, along with a limited review report.

Key Highlights

  • MOA/AOA amendments approved to reflect core investment company status.
  • New object clause for renewable energy generation to be added.
  • Proposal for company name change approved by the Board.
  • Unaudited financial results for Q1 FY27 declared.
  • Changes are subject to member and regulatory approvals.