Maharashtra Scooters To Add Renewable Energy Business, Amend MoA And Change Name

Q1 FY27 Results YoY: Revenue at 5.4 Cr vs 29.3 Cr, down 81.5%; nil dividend income this quarter vs ₹22.8 Cr in base quarter drove the decline. EBITDA at 4.6 Cr vs 28.2 Cr. EBITDA Margin at 84.1% vs 96.3%, contraction of 1220bps. PAT at 3.3 Cr vs 35.4 Cr; base quarter PAT included a one-time tax provision write-back of ₹8.6 Cr. Board approved amending the MOA to remove legacy scooter manufacturing clauses and to add generation of renewable energy (solar, wind) as a new business object. Board also approved a proposal to change the company name, subject to shareholder and regulatory approvals.