General Updates

Maharashtra Scooters Limited has permanently closed its manufacturing operations and discontinued tool room activities due to non-viability, now operating solely as a non-operating financial holding (investment) company, contributing 98% of turnover.

The workforce has sharply reduced to 5 employees, all office-based.

The company incurred minimal employee welfare costs and maintains compliance with statutory and ESG policies.

No fines, penalties, or significant operational risks were reported.

Energy consumption and environmental impact have significantly declined following cessation of manufacturing activities.

Stakeholder engagement remains focused on investors, regulators, and a small employee base.