22nd AGM of Bank of Maharashtra on 30.06.2025
Awaiting price reaction for this filing.
Bank of Maharashtra has scheduled its 22nd AGM on Monday, 30th June 2025 at 11:00 a.m. via Video Conferencing (VC)/OAVM. Five agenda items will be taken up: adoption of audited financial statements for FY25, declaration of dividend at Rs. 1.50 per equity share of Rs. 10 face value (recommended by Board on 25th April 2025; record date 9th May 2025, payment date 29th July 2025), approval to raise equity capital up to Rs. 7,500 crore through FPO/Rights/QIP/preferential issue/ESPS/Basel III bonds, appointment of M/s Joshi & Joshi as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and election of one Shareholder Director (non-Government). Remote e-voting will be open from 26th June (9:00 AM) to 29th June (5:00 PM), with cut-off date for voting on items 1-4 being 23rd June 2025.
Shareholders should note the proposed Rs. 7,500 crore equity capital raise, which could lead to dilution if approved, while the Rs. 1.50 dividend (15% on face value) offers modest income. Eligible shareholders must participate in the Shareholder Director election with nomination deadline of 13th June 2025.