Bank of Maharashtra has informed the Exchange regarding '22nd Annual General Meeting of the Bank - Election of One Shareholder Director'.
MAHABANK · price
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Bank of Maharashtra will hold a contested election for one Shareholder Director seat at its 22nd AGM on 30th June 2025. Four candidates — Mrutyunjay Mahapatra, Atul Jain, Prasenjeet Fadnavis, and Alok Jain — have been nominated and declared valid and 'Fit and Proper' by the Board. The candidates bring diverse expertise spanning banking, finance, IT, cyber law, and audit. Remote e-voting will be open from 26th June (9 am) to 29th June (5 pm), with the candidate receiving the majority of votes being declared elected.
Shareholders (other than the Central Government) will directly elect one director to the Bank's board, giving them a say in board composition. The contested nature of the election offers shareholders a meaningful choice rather than an unopposed appointment.