Maharashtra Scooters500266Governance policy update
Object Clause altered: scooter manufacturing objects deleted, investment business made the principal object
The Company has altered the Object Clause of its Memorandum of Association.
By ScoutQuest · · 1 min read
- Postal Ballot Approval Date
- 27 September 2026
- MCA Registration Certificate Date
- 19 October 2026
- Object Clause Changes
- Scooter manufacturing objects deleted; investment business made principal object; renewable energy object added
What the update says
- The Company informed the exchanges about the alteration of the Object Clause of its Memorandum of Association.
- Shareholders approved it through a Postal Ballot dated 27 September 2026.
- The Central Processing Centre, Ministry of Corporate Affairs, registered the alteration vide Certificate dated 19 October 2026.
What changes in the objects
- Deletion of manufacturing-related objects covering the manufacture and assembly of scooters and other automotive activities, which the Company says are no longer carried on.
- Retention and repositioning of the investment business object as the principal object, in line with its current business activities.
- Insertion of a renewable energy object, enabling activities relating to generation, production, purchase, sale, supply, transmission, distribution and trading of electricity and energy from renewable and non-conventional sources, subject to applicable laws and approvals.
- Consequential amendments to ancillary and incidental clauses, including deletion, retention and renumbering.
Why the objects clause matters
- The Memorandum of Association sets out what activities a company is permitted to carry on. Changing it aligns the charter with the business the Company says it actually runs.
- Making the investment business the principal object formally shifts the stated focus of the charter to investing.
- The renewable energy object widens the list of permitted activities. The update states these activities are subject to applicable laws and approvals.
What a reader may watch
- The alteration has completed both steps: shareholder approval through Postal Ballot and registration by the Ministry of Corporate Affairs.
- The update describes the permitted objects; it does not describe any specific project, investment or transaction under the new renewable energy object.
Signature note
- The covering letter is signed for Bajaj Nivesh Limited (Formerly Maharashtra Scooters Limited).
Also from Maharashtra Scooters
Q2 FY27 unaudited results approved; limited review finds no material misstatement
22 Oct 2026
Company name changed from Maharashtra Scooters Ltd to Bajaj Nivesh Limited w.e.f. 16 October 2026
16 Oct 2026
Board meeting on 22 October 2026 to consider and approve unaudited results for quarter and half year ended 30 September 2026
5 Oct 2026
Source: BSE · 19 Oct 2026
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