Bank of Maharashtra EGM Notice 2026: Key Dates for Executive Director Appointment & Shareholder Director Election

Pune, 23 February 2026: Bank of Maharashtra, a leading public sector bank, has announced an Extraordinary General Meeting (EGM) to be held on Monday, 23 March 2026 at 11:00 AM IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

The EGM will focus on two key agenda items:

1. Approval of appointment of Shri Prabhat Kiran as Executive Director

2. Election of one Shareholder Director

Key Dates at a Glance

Agenda Item 1: Executive Director Appointment

Shareholders will consider the appointment of Shri Prabhat Kiran as Executive Director. He was appointed by the Central Government via Gazette Notification on 24 November 2025 for a three-year term.

Profile of Shri Prabhat Kiran:

• Age: 54 years

• Education: B.A. (Hons), PG Diploma in Business Administration, CAIIB

• Experience: Over 30 years in banking, started with Canara Bank in 1996

• Expertise: SME & corporate lending, risk management, international operations

• Previous Roles: Chief General Manager, Large Corporate Wing, Canara Bank

Agenda Item 2: Shareholder Director Election

A vacancy has arisen following the resignation of Shri Mrutyunjay Mahapatra, creating an opportunity for the election of one Shareholder Director. The elected director will serve the unexpired term until 30 June 2028.

Eligibility and Nomination Requirements:

• Minimum 100 shares held as on 27 February 2026

• Nomination supported by at least 100 shareholders

• Declaration form signed before an authorized officer

• Submission of bio-data, educational and experience certificates (self-attested)

Deadline for Submission: 6 March 2026, 5:00 PM
Submission Address:
DGM – CS & Board Secretary
Investor Services Department
Bank of Maharashtra – Corporate Office
134/1, Mont Claire, Baner-Pashan Link Road, Pashan, Pune – 411021

Voting Details

• Remote E-Voting: 18–22 March 2026

• E-Voting During EGM: Only available for shareholders attending via VC/OAVM

• Voting Rights: Based on shareholding on 16 March (Executive Director) and 27 February (Shareholder Director)

• Maximum voting by individual shareholder: 10% of total voting rights

How to Attend EGM

Demat Shareholders: Via NSDL or CDSL using login credentials, OTP verification, and e-voting facility.
Physical Shareholders: Through www.evotingindia.com using Folio Number and PAN.
Non-Individual Shareholders: Register under "Corporates" on www.evotingindia.com.

Helpdesks:

• CDSL: helpdesk.evoting@cdslindia.com, 1800 21 09911

• NSDL: evoting@nsdl.co.in, 022-4886 7000

• Bank Queries: investor_services@bankofmaharashtra.bank.in, 020-71658139

Other Key Notes

• Shareholders must update PAN, KYC, bank details, and nomination forms as per SEBI circular dated 16 March 2023.

• Physical share transfers are no longer permitted; shareholders are encouraged to dematerialize holdings.

• Dividends will be paid only through electronic mode; unclaimed dividends will be transferred to IEPF after 7 years.

Relevant Documents:
EGM Notice, Nomination Form, Declaration Form, and applicable regulations are available on the Bank of Maharashtra website: www.bankofmaharashtra.bank.in.

Disclaimer

This article is based on the official Bank of Maharashtra EGM Notice and is for informational purposes only. Shareholders should consult official documents and financial advisors before making any investment or voting decisions. The Bank reserves the right to modify, cancel, or postpone the EGM or any agenda item without prior notice.