Bank of India has issued a formal public notice informing its shareholders about the transfer of eligible shares to the Investor Education and Protection Fund (IEPF), established by the Central Government. The intimation was published in Business Standard (English and Hindi editions) and the Marathi newspaper Loksatta on 04th May, 2026, and was communicated to the stock exchanges on the same date under reference number HO:IRC:AB:2026-27:37, signed by Company Secretary Usha Ramsinghani.

Shares Transferred to IEPF Under Companies Act, 2013

Pursuant to Section 124(6) of the Companies Act, 2013, shares on which dividends have remained unclaimed for seven consecutive years or more are liable to be transferred to the IEPF. In accordance with this provision, Bank of India has transferred all shares in respect of which dividends declared up to FY 2014-15 remained unpaid or unclaimed for seven consecutive years or more, and for which no valid claim was received on or before 07 March 2026.

The following table summarises the key details of the IEPF transfer process:

Prior Communication to Shareholders

Before effecting the transfer, Bank of India sent individual communications on 08.12.2025 to the concerned shareholders at their registered addresses and email IDs, as per records available with the Bank, its Registrar and Transfer Agent (RTA), and Depositories. In addition, a public notice was published in newspapers on 08.12.2025, requesting shareholders to lodge their claims by 07 March 2026. Details of the affected shareholders and the shares transferred to IEPF are available on the Bank's website at www.bankofindia.bank.in .

Shareholders Urged to Dematerialise Physical Shares

Bank of India has also urged all shareholders holding shares in physical form to convert them into dematerialized (demat) form at the earliest, in order to avoid risks such as loss, damage, or misplacement. The bank has drawn shareholders' attention to SEBI guidelines, which state that shares held in physical form cannot be transferred or sold.

Shareholders are additionally requested to update their KYC details with the Bank's RTA or their respective Depository Participant (DP). The key KYC details to be updated include:

• PAN
• Contact details and postal address with PIN
• Mobile number and email ID
• Bank account details
• Specimen signature
• Nomination choice

Contact Information for Queries

Shareholders or claimants seeking information or clarification may reach out through the following channels:

The notice was issued from Mumbai and dated 02.05.2026, on behalf of Bank of India, by Company Secretary Usha Ramsinghani.

Bank of India has officially announced that its board of directors has approved a substantial fundraising initiative worth ₹7,500 crore through Basel-III compliant bonds during FY 2026-27. The formal approval was communicated to stock exchanges through an official regulatory filing under Regulation 30, demonstrating the bank's commitment to transparent corporate governance and regulatory compliance.

Board Meeting Details and Approval

The board meeting was conducted on April 30, 2026, commencing at 3:30 PM and concluding at 5:50 PM. During this session, the directors considered and approved the capital raising proposal, marking a significant milestone in the bank's strategic capital strengthening initiative. The bank formally communicated this decision to both NSE and BSE through reference number HO:IRC:SVM:2026-27:28.

Capital Structure and Bond Allocation

The approved fundraising comprises a strategic mix of regulatory capital instruments designed to enhance the bank's capital adequacy position. The board has specifically allocated the ₹7,500 crore fundraising between Tier-I and Tier-II capital instruments to optimize regulatory compliance and financial flexibility.

Regulatory Framework and Compliance

The Basel-III compliant bonds will serve as important regulatory capital instruments that help the bank meet international capital adequacy standards. The Tier-I bonds worth ₹2,500 crore will contribute to additional tier-1 capital, while the larger Tier-II bond issuance of ₹5,000 crore will strengthen the bank's tier-2 capital base. This strategic allocation ensures optimal regulatory capital ratios while providing operational flexibility.

Implementation Timeline and Market Strategy

With the board approval secured and formal regulatory notifications completed, Bank Of India is positioned to execute this capital raising exercise during FY 2026-27. The bank's proactive approach to capital planning allows for strategic timing of bond issuances based on market conditions and investor appetite, ensuring optimal pricing and successful placement of these regulatory capital instruments.