Maharashtra Scooters Ltd. announced that a dividend at the rate of INR 50 per share (500%) of face value of INR 10 each on equity shares of the company has been recommended by the Board of Directors meeting held on April 28, 2021 for the financial year ended 31 March 2021. The said dividend, if declared, by the shareholders at the upcoming Annual General Meeting, will be credited/dispatched on 26 July 2021 and/or 27 July 2021. The Register of Members and Share Transfer Books of the Company will remain closed from 10 July 2021 to 21 July 2021 (both days inclusive) for taking record of the Members of the Company for the purpose of payment of Dividend.