Bank of Maharashtra has disclosed that its promoter, the President of India, held 73.60% of the bank’s equity shares as of 31st March 2026. This announcement aligns with the compliance requirements of Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The bank further declared that during the financial year 2025-26, the promoter, along with persons acting in concert, did not create any encumbrance, directly or indirectly, on the shares held. This indicates a stable holding pattern by the promoter group, ensuring no additional financial burden or obligations were placed on the shares during the stated period.
The compliance statement was submitted by Vishal Sethia, the Company Secretary and Compliance Officer of Bank of Maharashtra.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).