Bank of Maharashtra Files SEBI SAST Compliance for FY26 Promoter Shareholding
Bank of Maharashtra submitted SEBI SAST compliance filing for FY26, confirming President of India holds 73.60% equity shares as of March 31, 2026. The bank declared no encumbrances were made by promoter during the financial year. Company Secretary Vishal Sethia digitally signed the document filed with BSE and NSE on April 4, 2026.

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Bank of Maharashtra has filed its mandatory compliance report under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 31(4) and 31(5) for the financial year 2025-26. The filing, submitted to both BSE and NSE on April 4, 2026, provides details about the promoter's shareholding position and compliance status.
Promoter Shareholding Details
The compliance filing reveals the current ownership structure of the public sector bank:
| Parameter: | Details |
|---|---|
| Promoter: | President of India |
| Shareholding Percentage: | 73.60% |
| As of Date: | March 31, 2026 |
| Financial Year: | 2025-26 |
Encumbrance Declaration
The bank has declared that the promoter, along with persons acting in concert, has not made any encumbrance, directly or indirectly, during the financial year 2025-26. This declaration forms a crucial part of the regulatory compliance requirements under SEBI SAST regulations.
Filing Details
The compliance document was digitally signed by Vishal Sethia, Company Secretary and Compliance Officer of Bank of Maharashtra. The filing was submitted to both major stock exchanges where the bank's shares are listed:
| Exchange: | Details |
|---|---|
| BSE Scrip Code: | 532525 |
| NSE Scrip Code: | MAHABANK |
| Filing Date: | April 4, 2026 |
| Document Reference: | AX1/ISD/STEX/04/2026-27 |
This regulatory filing ensures transparency in promoter shareholding and maintains compliance with SEBI's substantial acquisition and takeover regulations, providing stakeholders with updated information about the bank's ownership structure.
Will the government consider reducing its 73.60% stake in Bank of Maharashtra through divestment as part of its privatization agenda?
How might this high government ownership percentage impact the bank's strategic decisions and competitive positioning in the evolving banking sector?
What are the implications for potential foreign or private investors looking to acquire a significant stake in Bank of Maharashtra?

































