INTEGRATED FILING — NBFC



General information about company

Scrip code 500266
NSE Symbol MAHSCOOTER
MSEI Symbol NOTLISTED
ISIN INE288A01013
Name of company Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited)
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 22-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Investment
Start date and time of board meeting 22-10-2026   10:30:00
End date and time of board meeting 22-10-2026   11:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. No
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 19-03-2025
Indicate Company website link for updated RPT policy of the Company https://www.mahascooters.com/pdf/Policy%20on%20Materiality%20of%20and%20dealing%20with%20Related%20Party%20Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes


Financial Results — NBFC

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations
(i) Interest Income 707.00 1,215.00
(ii) Dividend Income 28,981.00 28,981.00
(iii) Rental Income 0.00 0.00
(iv) Fees and commission Income 0.00 0.00
(v) Net gain on fair value changes 48.00 81.00
(vi) Net gain on derecognition of financial instruments under amortised cost category 0.00 0.00
(vii) Sale of products (including Excise Duty) 0.00 0.00
(viii) Sale of services 0.00 0.00
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 29,736.00 30,277.00
Other income 1.00 1.00
Total income 29,737.00 30,278.00
2 Expenses
Cost of materials consumed 0.00 0.00
Purchases of stock-in-trade 0.00 0.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
Employee benefit expense 17.00 39.00
Finance costs 0.00 0.00
Depreciation, depletion and amortisation expense 0.00 0.00
Fees and commission expense 0.00 0.00
Net loss on fair value changes 0.00 0.00
Net loss on derecognition of financial instruments under amortised cost category 0.00 0.00
Impairment on financial instruments 0.00 0.00
(f) Other expenses
1 Other expenses 132.00 196.00
Total other expenses 132.00 196.00
Total expenses 149.00 235.00
3 Total profit before exceptional items and tax 29,588.00 30,043.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 29,588.00 30,043.00
7 Tax expense
8 Current tax 260.00 309.00
9 Deferred tax 1.00 75.00
10 Total tax expenses 261.00 384.00
11 Net Profit Loss for the period from continuing operations 29,327.00 29,659.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
17 Net profit (loss) from discontinued operation after tax 0.00 0.00
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
15 Total profit (loss) for period 29,327.00 29,659.00
16 Other comprehensive income net of taxes (15,817.00) 4,73,136.00
17 Total Comprehensive Income for the period 13,510.00 5,02,795.00
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 1,143.00 1,143.00
Face value of equity share capital 10 10
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 256.61 259.52
Diluted earnings per share from continuing operations 256.61 259.52
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 256.61 259.52
Diluted earnings per share 256.61 259.52
23 Debt equity ratio 0.0 0.0
24 Debt service coverage ratio 0.0 0.0
25 Interest service coverage ratio 0.0 0.0
26 Disclosure of notes on financial results


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 30,043.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,401.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (20.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 0.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (473.00)
Other adjustments for non-cash items (10.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,904.00)
Net cash flows from (used in) operations 28,139.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 697.00
Other inflows (outflows) of cash 2,112.00
Net cash flows from (used in) operating activities 29,554.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 24,894.00
Other cash payments to acquire equity or debt instruments of other entities 29,313.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 0.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (4,419.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 25,129.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (25,129.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 6.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 6.00
Cash and cash equivalents cash flow statement at beginning of period 6.00
Cash and cash equivalents cash flow statement at end of period 12.00




Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 12.00
Bank Balance other than (a) above 19,046.00
Derivative financial instruments 0.00
Receivables
(I) Trade Receivables 0.00
(II) Other Receivables 0.00
Loans 0.00
Investments 36,30,760.00
Other Financial assets
1 Other Financial assets 2,772.00
Total of Other Financial assets 2,772.00
Total Financial Assets 36,52,590.00
2 Non Financial Asset
Inventories 0.00
Current tax assets (Net) 1,434.00
Deferred tax Assets (Net) 0.00
Investment Property 0.00
Biological assets other than bearer plants 0.00
Property, Plant and Equipment 0.00
Capital work-in-progress 0.00
Intangible assets under development 0.00
Goodwill 0.00
Other Intangible assets 0.00
Other non-financial assets
1 Other non-Financial assets 30.00
Total of Other non-financial assets 30.00
Total Non Financial Assets 1,464.00
Total assets 36,54,054.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,143.00
Other equity 32,39,988.00
Total equity attributable to owners of parent 32,41,131.00
Non controlling interest
Total equity 32,41,131.00
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0.00
(b) Payables 0.00
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
(C ) Debt Securities 0.00
(d) Borrowings (Other than Debt Securities) 0.00
(e) Deposits 0.00
(f) Subordinated Liabilities 0.00
Other financial liabilities
1 Other financial liabilities 19,059.00
Total of Other financial liabilities 19,059.00
Total Financial Liabilities 19,059.00
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 542.00
(b) Provisions 14.00
(C ) Deferred tax liabilities (Net) 3,93,300.00
Other non-financial liabilities
1 Other non-financial liabilities 8.00
Total of Other non-financial liabilities 8.00
Total Non Financial Liabilities 3,93,864.00
Total liabilities 4,12,923.00
Total equity and liabilites 36,54,054.00
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit and loss -1581700000 47313600000
Total Amount of items that will not be reclassified to profit and loss -1581700000 47313600000
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (15,817.00) 4,73,136.00




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 KKC & Associates LLP Yes 31-07-2027


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Holdings and Investment Ltd Holding company Investment 0.00 NA 0.00 4,665.00 4,665.00
2 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Holdings and Investment Ltd Holding company Any other transaction Contribution to equity 0.00 NA 0.00 (583.00) (583.00)
3 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Holdings and Investment Ltd Holding company Dividend received 0.00 NA 6,605.00 0.00 2,202.00
4 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Holdings and Investment Ltd Holding company Dividend paid 0.00 NA 12,823.00 0.00 (9,326.00)
5 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Auto Ltd. Associates Investment 0.00 NA 0.00 12,459.00 12,459.00
6 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Auto Ltd. Associates Dividend received 0.00 NA 10,392.00 0.00 0.00
7 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Auto Ltd. Associates Purchase of goods or services 25.00 NA 1.00 0.00 0.00
8 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finserv Ltd. Associates Investment 0.00 NA 0.00 12,908.00 12,908.00
9 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finserv Ltd. Associates Dividend received 0.00 NA 569.00 0.00 0.00
10 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finserv Ltd. Associates Purchase of goods or services 25.00 NA 4.00 0.00 0.00
11 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finance Ltd. Associates Investment 0.00 NA 0.00 9,481.00 9,481.00
12 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finance Ltd. Associates Investment 0.00 NA 0.00 15,000.00 15,000.00
13 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finance Ltd. Associates Dividend received 0.00 NA 11,416.00 0.00 0.00
14 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Finance Ltd. Associates Interest received 1,800.00 NA 1,218.00 1,084.00 477.00
15 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Housing Finance Ltd. Associates Investment 0.00 NA 0.00 5,000.00 5,000.00
16 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Bajaj Housing Finance Ltd. Associates Interest received 1,800.00 NA 405.00 295.00 93.00
17 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Sanjiv Bajaj Key management personnel of entity or parent Any other transaction Sitting fee 15.00 NA 3.00 0.00 0.00
18 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) V Rajagopalan Joint Managing Director Any other transaction Remuneration 0.00 NA 7.00 0.00 0.00
19 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Ravikumar Srinivasan Joint Managing Director Any other transaction Remuneration 0.00 NA 7.00 0.00 0.00
20 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Jasmine Chaney Director Any other transaction Sitting fee 0.00 NA 7.00 0.00 0.00
21 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Mayur Chokshi Director Any other transaction Sitting fee 0.00 NA 7.00 0.00 0.00
22 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Mayur Patwardhan Director Any other transaction Sitting fee 0.00 NA 6.00 0.00 0.00
23 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) Hind Musafir Agency Ltd. Other related party Purchase of goods or services 25.00 NA 1.00 0.00 0.00
24 Bajaj Nivesh Limited (Formerly known as Maharashtra Scooters Limited) General - Notes as mentioned in other details General - Notes as mentioned in other details Any other transaction General 0.00 NA 0.00 0.00 0.00 Textual Information(1)
Total value of transaction during the reporting period 43,471.00



Text Block

Textual Information(1) 1. Amount in bracket denotes credit balance. 2. Dividend paid/ Dividend received/ Buyback of shares is not a related party transaction as per new regulations. 3. Related parties as defined under clause 9 of the Indian Accounting Standard - 24 'Related Party Disclosures' and as per Companies Act, 2013 have been identified based on representations made by key managerial personnel and information available with the Company. All above transactions are in the ordinary course of business and on arms' length basis. All outstanding balances are to be settled in cash and are unsecured except secured non-convertible debentures issued by related parties which are disclosed appropriately.


Format for Disclosing Outstanding Default on Loans and Debt Securities

Amount in (Lakhs)

Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0.00
B Of the total amount outstanding, amount of default as on date 0.00
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0.00
B Of the total amount outstanding, amount of default as on date 0.00
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0.00