Bank of Maharashtra — Others, 07-06-2025: Shareholders meeting

Bank of Maharashtra has announced a board meeting to discuss and approve the financial results for the year ended March 2025 and to declare the dividend for FY 2024-25. The Board will consider raising equity capital up to ₹7,500 crore through various instruments. M/s Joshi & Joshi have been appointed as Secretarial Auditor for five years starting FY 2025-26. Shareholders will elect one Director for a three-year term. The dividend proposed is Rs.1.50 per equity share of Rs.10 each, subject to approval. The bank’s capital adequacy ratio stood strong at 20.53%, supported by a ₹3,500 crore QIP completed in October 2024. Shareholders are urged to update contact details and switch to demat holdings.