Bank of Maharashtra has informed the Exchange about Copy of Newspaper Publication regarding Transfer of Equity Shares of the Bank to IEPF Demat Account.
MAHABANK · price
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Bank of Maharashtra has published newspaper notices informing shareholders about the transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Demat Account. This is a mandatory regulatory compliance under SEBI listing regulations. The notice was published in Financial Express (English), Loksatta (Marathi), and Jansatta (Hindi) on April 1, 2026. The transfer applies to shares whose dividends have remained unclaimed for 7 consecutive years. Shareholders are advised to claim their dividends before the deadline to avoid their shares being transferred to IEPF.
This is routine compliance with no direct impact on stock price. However, shareholders who have not claimed dividends for 7+ years risk losing ownership of their shares as they will be transferred to the government-run IEPF account.