Bank of Maharashtra has informed the Exchange about Disclosure under Regulation 31 (4) and 31 (5) of SEBI SAST Regulations- 2011
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Bank of Maharashtra has filed its annual compliance disclosure under SEBI's Takeover Regulations for FY2024-25. The promoter, the President of India (Government of India), held 79.60% equity shares in the bank as of 31st March 2025. The bank also declared, on behalf of the promoter and persons acting in concert, that no encumbrance (pledge or charge) was created on the promoter's shares, directly or indirectly, during the financial year. This is a routine regulatory filing confirming the status of the government's majority stake at the end of the fiscal year.
This is a routine annual compliance disclosure with no material change in promoter holding or any new encumbrance. It has no direct impact on the stock price; however, it reiterates the strong government ownership at 79.60%, which signals continued sovereign backing.