Bank of Maharashtra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Bank of Maharashtra has filed a compliance declaration under SEBI's Takeover Regulations for FY 2024-25. The promoter, the President of India (Government of India), held 79.60% equity shares of the bank as of 31st March 2025. The bank declared that the promoter and persons acting in concert have not created any encumbrance (pledge, lien, or charge) on their shares, directly or indirectly, during the financial year. This is a routine annual regulatory filing confirming no pledging activity by the promoter.
This is a routine compliance filing with no negative implications for shareholders. The government's high 79.60% holding remains unchanged and unencumbered, meaning no shares have been pledged or locked. Investors should note this confirms stability in promoter holding with no signs of distress or forced selling.