Bank of Maharashtra has informed the Exchange regarding Appointment of Mr Prasenjeet Shrikrishna Fadnavis as Shareholder Director of the company w.e.f. March 24, 2026.
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Bank of Maharashtra has appointed Mr. Prasenjeet Shrikrishna Fadnavis as a Shareholder Director on its board, effective March 24, 2026. He was elected after polling the majority of votes in an election held among shareholders (excluding the Central Government), conducted under the Bank's regulations and the Banking Companies Act, 1970. Mr. Fadnavis, aged 52, holds qualifications in Computer Science, Law, and Cyber Law, and has over three decades of experience in telecom, banking, cyber laws, education, and rural development. He currently serves as Executive Director – Corporate Relations at Dr. D. Y. Patil Business School, Pune. He will hold office until June 30, 2028, and is not related to any existing directors on the board.
This is a routine governance update reflecting the outcome of a shareholder vote for a board seat. It has no material impact on the bank's operations or stock price, though it ensures continuity in board composition until mid-2028.