Bank of Maharashtra has informed its shareholders about the transfer of eligible equity shares to the Investor Education and Protection Fund (IEPF) Demat Account. This communication, dated 31st March 2026, is in accordance with the amended provisions of Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and Section 124 of the Companies Act, 2013. The amendments also include the updated Investor Education and Protection Fund (IEPF) Rules, 2016, which govern the transfer of equity shares to the IEPF Demat Account.
The bank has reached out to shareholders whose equity shares qualify for this transfer, ensuring compliance with the regulatory requirements. This step is part of the bank’s adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).