Bank of India has announced the extension of Shri Rajneesh Karnatak's term as Managing Director & Chief Executive Officer for a period of three years. The extension has been granted by the Central Government under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, vide notification no. eF. No. 4/1(i)/2025-BO.I dated 23rd April, 2026.

Extension Details

The extension of Shri Rajneesh Karnatak's tenure will be effective beyond his currently notified term, which is ending on 28.04.2026. The extended term will be for a period of three years or until further orders, whichever is earlier. This decision was taken in exercise of the powers conferred by clause (a) of sub-section (3) of section 9 of the aforementioned Act.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. Bank of India has formally informed both the National Stock Exchange of India Ltd. and BSE Ltd. regarding this development, requesting them to take the information on record.

Communication to Stock Exchanges

The bank addressed separate communications to the Vice President – Listing Department of the National Stock Exchange of India Ltd. at Bandra Kurla Complex, Mumbai, and the Vice-President – Listing Department of BSE Ltd. at Dalal Street, Mumbai. The communication was signed by Usha Ramsinghani, Company Secretary of Bank of India, on 23.04.2026.

Bank of India has announced the opening of a special window for shareholders to re-lodge transfer requests for physical share certificates, following regulatory guidelines from the Securities and Exchange Board of India (SEBI). The initiative aims to provide relief to shareholders whose earlier transfer requests were not processed due to various deficiencies.

Special Window Details

Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, the bank has established a one-year special window facility. The key parameters of this facility are outlined below:

Registrar and Share Transfer Agent

Shareholders who missed the earlier deadline can now submit their requisite documents to the bank's appointed Registrar and Share Transfer Agent:

KYC Update Requirements

The bank has requested all shareholders to update their Know Your Customer (KYC) details to ensure smooth communication and seamless dividend payments. The required information includes:

• PAN (Permanent Account Number)
• Email ID
• Address
• Mobile number
• Bank account details

Shareholders holding shares in demat form should update these details with their Depository Participant (DP), while those holding physical shares should approach the Registrar and Transfer Agent (RTA).

Dematerialisation Advisory

Bank of India has strongly advised shareholders holding physical share certificates to convert them to demat form. This process involves submitting share certificates to their respective Depository Participant (DP). The dematerialisation process offers several advantages including easier transfer procedures, reduced paperwork, and enhanced security.

Regulatory Compliance

The notice was published in compliance with Regulation 47(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The announcement was made through newspaper publications in Business Standard English & Hindi editions and Marathi newspaper Loksatta on April 9, 2026. The communication was signed by Usha Ramsinghani, Company Secretary of Bank of India, and dated April 8, 2026.