Bank of Maharashtra has informed the Exchange that Board of Directors at its meeting held on January 13, 2026, declared Interim Dividend of Rs. 1.00 per equity share.
MAHABANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts more than Nifty Midcap 150 and 1.9 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bank of Maharashtra declared an interim dividend of Rs. 1.00 per share (10% on face value of Rs. 10) alongside its Q3 FY26 results. Standalone net profit for the quarter rose about 26.5% year-on-year to Rs. 1,779 crore, driven by strong growth in interest earned on advances and improved other income. For the first nine months of FY26, net profit grew about 24% to Rs. 5,005 crore. Asset quality continued to improve, with gross NPAs falling to 1.60% and net NPAs to 0.15%, while the Provision Coverage Ratio stood strong at 98.41%. Capital adequacy remained healthy at 17.06%. The government also reduced its stake to 73.60% from 79.60% via a 6% Offer for Sale, helping meet the minimum public shareholding norm.
Positive for shareholders — strong profit growth, improving asset quality, and a steady interim dividend signal financial strength. The OFS-driven float expansion may also improve liquidity in the stock. However, auditors flagged emphasis-of-matter points including absence of sufficient independent directors, a Rs. 1,200 crore legacy COVID provision still held, and operational issues at the associate Maharashtra Gramin Bank, which investors should watch.