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 submitted its quarterly compliance filing under SEBI SAST Regulations. The disclosure confirms that the promoter 'President of India' held 73.60% equity shares of the bank as of March 31, 2026. Additionally, the bank declared on behalf of the promoter that neither the promoter nor any persons acting in concert have created any encumbrance (pledge) on their shares, directly or indirectly, during the financial year 2025-26. This is a routine regulatory filing to maintain transparency on promoter shareholding and encumbrance status.
The promoter holding steady at 73.60% is well above the minimum public shareholding requirement. The confirmation of zero encumbrances is a positive signal indicating no pledge-related risk on promoter shares, which is reassuring for shareholders.