Key Dates

  • AGM Date: Tuesday, 30th June 2026 at 11:00 AM IST
  • AGM Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Record Date for Dividend: Friday, 5th June 2026
  • Cut-off Date for Voting Rights: Tuesday, 23rd June 2026
  • E-voting Period: Thursday, 25th June 2026 (9:00 AM) to Monday, 29th June 2026 (5:00 PM)

Agenda Items

Ordinary Business:

1. To discuss, approve and adopt the Balance Sheet as on 31st March 2026, Profit and Loss Account for year ended 31st March 2026, Directors' Report and Auditor's Report

2. To declare dividend on Equity Shares for FY 2025-26

Special Business:

3. To approve appointment of Shri Sushanta Kumar Mohanty as Executive Director

4. To consider raising of Equity Capital aggregating up to ₹7,500 crore through various modes

Dividend Details

  • Dividend Recommended: ₹1.20 per equity share of ₹10 each (fully paid up) for FY 2025-26
  • Interim Dividend Already Paid: ₹1.00 per equity share declared on 13th January 2026
  • Payment Subject to: Shareholder approval at AGM and deduction of tax at source
  • Distribution Timeline: Dividend to be distributed within one month from AGM date
  • TDS Compliance: Required as per Income Tax Act, 1961 provisions effective 1st April 2020

Capital Raising Proposal

  • Amount: Up to ₹7,500 crore
  • Purpose: Meet CRAR requirement under Basel III norms
  • Modes Considered: Preferential allotment to GOI/LIC/FI, QIP, FPO, Rights issue, ESPS Issue, Basel III Additional Tier I Bonds, Tier II Bonds
  • Current Capital Position (as of 31st March 2026):
  • Capital Adequacy Ratio: 18.36% (regulatory requirement: 11.50%)
  • CET1 Capital Ratio: 14.59%
  • Authorized Capital: ₹10,000 crore
  • Paid-up Equity Capital: ₹7,691.56 crore
  • Government Holding Requirement: Central Government to maintain at least 51% of paid-up equity capital
  • Approvals Required: Government of India, RBI, SEBI and other regulatory authorities

Executive Director Appointment

  • Name: Shri Sushanta Kumar Mohanty
  • Appointment Date: 15th April 2026
  • Tenure: Three years from assumption of office or until further orders
  • Qualifications: B.Sc., CAIIB
  • Experience: Over 30 years in banking with Bank of Baroda, including international postings
  • Current CAR: 18.36% as of 31st March 2026
  • Appointment Clause: Section 9(3)(a) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

E-voting and Meeting Arrangements

  • Remote E-voting Provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: M/s. S.N. Ananthasubramanian & Co., Company Secretaries
  • Physical Shareholders: Must register email IDs with RTA for electronic communication
  • Proxy Facility: Not available for VC/OAVM meetings
  • Attendance Counting: Virtual attendance counted for quorum purposes

Additional Information

  • RTA Details: MCS Share Transfer Agent Limited, Mumbai
  • Investor Contact: investor_services@bankofmaharashtra.bank.in
  • Shareholder Services: Physical shareholders encouraged to dematerialize holdings
  • IEPF Compliance: Unclaimed dividends for 7+ years transferred to Investor Education and Protection Fund

Financial Impact

Capital raising of ₹7,500 crore will strengthen capital adequacy ratios and support Basel III compliance requirements. Dividend payment represents distribution of profits to shareholders subject to tax deductions.