Newspaper Publication regarding notice of 22nd AGM of the Bank
Awaiting price reaction for this filing.
Bank of Maharashtra has published the notice for its 22nd Annual General Meeting in Financial Express (English), Loksatta (Marathi), and Jansatta (Hindi) newspapers on 8th June 2025. The AGM will be held on Monday, 30th June 2025 at 11:00 am via Video Conferencing. Key agenda items include adoption of FY25 financial statements, declaration of dividend for FY2024-25, and raising equity capital of up to Rs 7,500 crore through various modes including a further issue of equity shares. Shareholders will also elect one director (non-central government shareholder category). Remote e-voting begins on 27th June and ends on 29th June 2025, with the cut-off date set as 23rd June 2025.
This is a routine AGM notification, but it flags two material items for shareholders: a potential dividend declaration for FY25 and a Rs 7,500 crore equity capital raise plan that could lead to share dilution. The capital raise decision will be a key point to watch at the meeting.