Bank of Maharashtra has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 23, 2026
MAHABANK · price
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Bank of Maharashtra has called an Extraordinary General Meeting on March 23, 2026, via video conferencing to seek shareholder approval for two items. The first agenda is to approve the appointment of Shri Prabhat Kiran as Executive Director of the Bank; he was already appointed by the Central Government via a gazette notification dated November 24, 2025, and assumed charge on the same day for a three-year term. Shri Prabhat Kiran, 54, is a career banker with 30 years of experience, most recently serving as Chief General Manager at Canara Bank. The second agenda is to fill the vacant Shareholder Director position following the resignation of Shri Mrutyunjay Mahapatra on July 7, 2025; the new director, if elected, will serve until June 30, 2028 (the remaining term of the predecessor). The record date for agenda 1 is March 16, 2026, nomination deadline for agenda 2 is March 6, 2026, and e-voting runs from March 18-22, 2026.
Routine governance filing. The Executive Director appointment is largely a formality as he is already in office following the government's November 2025 notification, and shareholder approval is the final step. The shareholder director election fills a casual vacancy and is not expected to materially affect operations or stock price.