Bank of Maharashtra has informed the Exchange about Update on Election of One Shareholder Director
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Bank of Maharashtra will hold an Extraordinary General Meeting (EGM) on 23rd March 2026 to elect one Shareholder Director. Four candidates — Reena Jha Tripathi, Alok Jain, Ruma Dey, and Prasenjeet Fadnavis — have submitted nominations, and all four have been cleared as 'Fit and Proper' by the Board per RBI guidelines. Since four candidates are contesting for one seat, a shareholder vote will be held via remote e-voting from 18–22 March 2026 and at the EGM. The candidate receiving the majority of votes will be appointed as Shareholder Director.
This is a routine governance update with no immediate impact on the bank's operations or financials. Shareholders should note the voting window and may want to review candidate profiles before casting their votes.