Bank of Maharashtra has submitted its quarterly compliance certificate to the Bombay Stock Exchange and National Stock Exchange of India, confirming adherence to SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The filing was made on January 3, 2026, by Company Secretary and Compliance Officer Vishal Sethia.

Regulatory Compliance Certificate Details

The certificate was issued by MCS Share Transfer Agent Limited, which serves as the bank's Registrar and Transfer Agent (RTA). The document specifically addresses compliance with Regulation 74(5) of the SEBI depositories regulations, covering the bank's dematerialization processes during the quarter.

Certification Confirmations

MCS Share Transfer Agent Limited certified several key compliance aspects in their letter dated January 1, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

The certification also validates that:

• Securities received for dematerialization have been listed on stock exchanges where previously issued securities are traded
• Security certificates received for dematerialization were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Corporate Communication

The bank's communication was addressed to both major stock exchanges where its shares are listed. Bank of Maharashtra maintains its corporate office at Mont Claire, Baner-Pashan Link Road, Pashan, Pune, while its head office is located at Lokmangal, Shivajinagar, Pune.

Regulatory Framework

This quarterly filing forms part of the mandatory compliance requirements under SEBI's depositories regulations framework. The regulation ensures proper handling of dematerialized securities and maintains transparency in the depository system. Such certifications help maintain investor confidence by confirming that listed companies and their transfer agents are following prescribed procedures for securities handling and record maintenance.

Bank of Maharashtra has announced the appointment of four chartered accountant firms as Statutory Central Auditors (SCAs) for the financial year 2025-26. The appointments were made pursuant to approval from the Reserve Bank of India and were disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Auditor Appointments for FY2025-26

The bank has appointed a combination of continuing and new statutory central auditors to oversee its financial auditing requirements. The appointment structure includes both firms that are continuing their services and new additions to strengthen the auditing framework.

Continuing Statutory Central Auditors

M/s. G D Apte & Co., Mumbai operates under FRN 100515W and was founded in 1957. The firm currently has 13 partners with offices in Mumbai (Head Office) and Pune. The firm specializes in audit assurance including statutory and internal audits, taxation covering both direct and indirect taxes, forensic audits, due diligence during mergers and acquisitions, and IS audits. Their client portfolio spans manufacturing, services, BFSI, and charitable institutions, with extensive experience in conducting statutory, concurrent, and internal audits for banks, government companies, insurance companies, and private enterprises.

M/s. Manubhai Shah LLP, Ahmedabad operates under FRN 106041W/W100136 and was established in 1945. The firm has grown to 19 partners with a widespread presence across Ahmedabad (Head Office), Mumbai, Delhi, Rajkot, Vadodara, Gandhinagar, Udaipur, Jamnagar, Indore, and Surat. Their expertise encompasses audit assurance, risk and financial advisory services, risk management, and tax-related matters, with a proven track record in banking sector audits.

New Statutory Central Auditor Appointments

M/s Sagar Associates operates under FRN 003510S and was founded in 1989. The firm currently has 13 partners with offices strategically located in Hyderabad (Head Office), Tirupati, Bengaluru, Vijayawada, Visakhapatnam, and Chennai. Their service portfolio includes audit assurance, taxation, forensic audits, due diligence for mergers and acquisitions, and BFSI-related matters.

M/s S. Singhal & Co operates under FRN 001526C and was established in 1981. The firm has 10 partners with offices in Jaipur (Head Office), Bhiwadi, Gurgaon, Ahmedabad, and Mumbai. Their expertise covers audit assurance, company law consultancy, financial consultancy, IS audit, tax-related matters, and BFSI services.

Professional Experience and Credentials

All four appointed firms demonstrate substantial experience in the banking and financial services sector. Their collective expertise includes:

• Statutory, concurrent, and internal audits for various banks
• Government company auditing experience
• Insurance company audit services
• Private company audit engagements
• Risk management and financial advisory services
• Forensic audit capabilities
• Tax consultation and compliance services

The appointment of these statutory central auditors ensures comprehensive oversight of Bank of Maharashtra's financial reporting and compliance requirements for the financial year 2025-26, combining the continuity of experienced firms with fresh perspectives from new appointments.