Bank of Maharashtra has confirmed that as of March 31, 2026, the promoter, the President of India, holds a 73.60% stake in the bank. Furthermore, the bank has officially declared that neither the promoter nor any persons acting in concert have created any encumbrances on their equity shares during the 2025-26 financial year, ensuring a stable shareholding structure.
Promoter Shareholding Details
In a recent filing, Bank of Maharashtra provided an update regarding its shareholding pattern and the status of its promoter interests. As of the end of the financial year on March 31, 2026, the President of India maintains a majority stake of 73.60% in the bank, reaffirming the government’s continued commitment to the institution.
Encumbrance Declaration
The bank has issued a formal declaration confirming that the promoter, along with any persons acting in concert, has not made any encumbrances, whether directly or indirectly, throughout the 2025-26 financial year. This declaration provides transparency to shareholders and stakeholders, confirming that there are no pledges or liens against the promoter’s equity holdings.
Source: BSE
