Maharashtra Scooters Ltd — renamed Bajaj Nivesh Limited effective 16 October 2026 — is an Unregistered Core Investment Company holding Bajaj Group investments, with no operational business and a P&L driven by dividends and interest. The Q2 FY27 print will hinge on whether dividend income resumed after a nil Q1, and on the mark-to-market path of the roughly Rs. 30,486 Cr FVTOCI equity book that flows through OCI.
| Results date | October 22, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 5.41 Cr (total income, Q1 FY27) |
| Previous quarter PAT | Rs. 3.32 Cr (Q1 FY27) |
| Market cap | Rs. 14,172.57 Cr |
| CMP | Rs. 12,401.0 |
The board will meet on Thursday, 22 October 2026 to approve the unaudited results for the quarter and half year ended 30 September 2026 under Regulation 29(1)(a). The trading window for designated persons is closed 1–24 October 2026 (both days inclusive) under SEBI (PIT) Regulations, 2015.
Separately from the results agenda, the company declared an interim dividend of Rs. 160 per share (1600%) on Rs. 10 face value for the financial year ending 31 March 2027 on 15 September 2026. The record date was Monday, 21 September 2026, with credit on or before Tuesday, 13 October 2026.
The Q2 FY27 print is the first as Bajaj Nivesh Limited, and the central question is whether dividend income — nil in Q1 FY27 against a FY26 run-rate of Rs. 286.02 Cr, which supplied 91.31% of total income — resumed during the July–September window. The only grounded in-window Bajaj Group declaration was Bajaj Holdings & Investment's Rs. 65 per share FY27 interim dividend with a record date of 21 September 2026, though no evidence establishes receipt of any specific dividend by the company in the quarter. Interest income is likely in the vicinity of Q1's Rs. 5.08 Cr, with the repo rate held at 5.25% through the entire quarter, overnight money-market rates in a roughly 4.97–5.10% band, and the certificate-of-deposit book already halved from Rs. 10,985 Lakh to Rs. 4,952 Lakh over FY26. On comprehensive income, the +Rs. 4,889.53 Cr Q1 OCI swing versus -Rs. 5,423.79 Cr in Q4 FY26 remains unexplained in the filing, and the West Asia escalation — with Brent at USD 95.37/bbl on 2 September 2026 and Bajaj Finance sliding from about Rs. 1,040 in mid-September to Rs. 957–982 by mid-October — points to a softer mark-to-market backdrop for the FVTOCI book. Management's standing guidance is unchanged: continue as an Unregistered CIC holding Bajaj Group investments, with renewable-energy entry (thermal, hydro, nuclear, solar, wind) to be pursued 'at an appropriate time, subject to member and regulatory approvals', and no timeline, capital envelope or first step disclosed so far.
Dividend income resumption: The single biggest P&L swing factor for Q2 FY27.
OCI bridge and comprehensive income
Interest income and treasury posture
First results as Bajaj Nivesh Limited
Guidance tracking
PAT fell 90.61% YoY to Rs. 3.32 Cr because dividend income was nil in Q1 FY27 versus Rs. 22.77 Cr in Q1 FY25, with total income down 81.52% YoY to Rs. 5.41 Cr. Interest income also slipped to Rs. 5.08 Cr from Rs. 6.24 Cr.
Whether dividend income resumed during July–September 2026, given FY26 dividend income of Rs. 286.02 Cr supplied 91.31% of total income. The only confirmed in-window Bajaj Group declaration was Bajaj Holdings' Rs. 65 per share interim dividend with a 21 September 2026 record date.
Other comprehensive income was +Rs. 4,889.53 Cr in Q1 FY27 versus -Rs. 5,423.79 Cr in Q4 FY26, driven by mark-to-market on the roughly Rs. 30,486 Cr FVTOCI equity book, which flows through OCI rather than the P&L. The filing does not disclose the specific driver of the movement.
Yes, the company was renamed Bajaj Nivesh Limited effective 16 October 2026 after a fresh Certificate of Incorporation was received, with the CIN unchanged. The postal ballot passed with 99.9872% of votes in favour, and the old name will be displayed for two years alongside the new name under Section 12 of the Companies Act.
An interim dividend of Rs. 160 per share (1600%) on Rs. 10 face value was declared on 15 September 2026 for the financial year ending 31 March 2027. The record date was 21 September 2026, with credit on or before 13 October 2026.