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
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Awaiting price reaction for this filing.
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.