Bank of Maharashtra has informed the Exchange about Communication sent to shareholders
MAHABANK · price
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Bank of Maharashtra has sent a communication dated 31 March 2026 to shareholders whose equity shares are eligible for transfer to the IEPF (Investor Education and Protection Fund) Demat Account. This action is taken under Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with Section 124 of the Companies Act, 2013, and the amended IEPF Rules, 2016. Typically, shares are transferred to IEPF when dividends remain unclaimed by shareholders for seven consecutive years. The filing is made under Regulation 30 of the SEBI LODR Regulations, 2015.
This is a routine regulatory compliance communication. Shareholders who have not claimed their dividends for several years should act promptly to avoid their equity shares being permanently transferred to the IEPF Demat Account. No direct impact on the stock price is expected.