Bank of Baroda has announced the opening of a special window to facilitate the transfer and dematerialisation of physical securities for its shareholders. The initiative addresses securities that were sold or purchased prior to April 1, 2019, providing a dedicated timeframe for completing pending transactions.

Special Window Details

The special window has been established in accordance with SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This facility will remain operational for one year, from February 5, 2026 to February 4, 2027.

Eligible Transfer Requests

The special window specifically caters to transfer requests that were previously submitted but faced issues. These include requests that were:

• Rejected due to deficiency in documents
• Returned due to procedural issues
• Not attended to for various reasons
• Affected by process-related complications

Process and Contact Information

Shareholders seeking to utilize this facility must submit necessary documents to the bank's Registrar and Transfer Agent, Kfin Technologies Limited. The company has provided comprehensive contact details for investor assistance.

Shareholder KYC and Dematerialisation

Bank of Baroda has emphasized the importance of maintaining updated KYC details for seamless communication and dividend payments. Shareholders are requested to update the following information:

• PAN details
• Email ID
• Address
• Mobile number
• Bank account details

For shareholders holding shares in demat form, updates should be made with their Depository Participant (DP). Those holding physical shares should update details with the Registrar and Transfer Agent (RTA).

Multilingual Communication

The bank has published notices in multiple languages to ensure comprehensive reach among its diverse shareholder base. Advertisements were published on April 7, 2026 in:

• Business Standard and Indian Express (English)
• Business Standard (Hindi)
• Sandesh (Gujarati)
• Punyanagari (Marathi)

The notice was signed by S Balakumar, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements under SEBI LODR Regulations 2015.

Bank of Baroda has received a positive assessment from Citi, which maintained its Buy rating on the public sector bank with a target price of ₹360. The brokerage highlighted several key performance indicators that support the bank's strong operational momentum.

Strong Growth in Advances and Deposits

The bank demonstrated robust lending growth with advances increasing by 6% on a quarter-on-quarter basis, primarily driven by retail and overseas loan segments. This growth trajectory reflects the bank's strategic focus on diversifying its loan portfolio and expanding its international presence.

Deposit mobilization showed strong momentum with a 12% year-on-year growth, indicating improved customer confidence and the bank's enhanced deposit-gathering capabilities. The loan-to-deposit ratio remained stable at 83.50%, reflecting balanced growth between lending and deposit mobilization.

Earnings Support Factors

Citi noted that higher recoveries and dividend income are providing additional support to the bank's earnings profile. These factors, combined with operational improvements, are contributing to enhanced profitability metrics.

The brokerage also highlighted the positive impact of tax refund benefits on the bank's financial performance. The return on assets is expected to reach around 1.10%, indicating improved asset utilization and operational efficiency.

Investment Outlook

The maintained Buy rating with a ₹360 target price reflects Citi's confidence in Bank of Baroda's operational performance and growth prospects. The combination of strong advances growth, healthy deposit mobilization, and stable financial ratios supports the positive investment thesis for the public sector bank.