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• Bank of Maharashtra will hold its 22nd Annual General Meeting (AGM) on Monday, June 30, 2025, at 11:00 a.m. (IST) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
• Key agenda items include:
• Approval of the audited Balance Sheet as of March 31, 2025, and the Profit and Loss Account for the year.
• Declaration of dividend on equity shares for FY 2024-25.
• Consideration of raising equity capital up to ₹7,500 crore through various modes.
• Approval of the appointment of M/s Joshi & Joshi as Secretarial Auditor for a consecutive term of 5 years from FY 2025-26 to 2029-30.
• Election of One Director from amongst Shareholders other than the Central Government.
• The record date for dividend is Friday, May 9, 2025.
• The cut-off date for voting rights for agenda items 1, 2, 3, and 4 is Monday, June 23, 2025.
• The specified date for determining shareholders eligible to participate in the election of a Shareholder Director is Friday, May 23, 2025.
• The remote e-voting period will commence from 09:00 a.m. on Thursday, June 26, 2025, and end at 05:00 p.m. on Sunday, June 29, 2025.
• The last date for submission of nomination form for election of Shareholder Director is revised to June 13, 2025, on or before 5.00 p.m.

Bank of Maharashtra (MAHABANK) has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25 to the stock exchanges on June 7, 2025, as per SEBI regulations. The report, also available on the Bank's website, provides comprehensive disclosures on its environmental, social, and governance (ESG) performance and commitments.

Key highlights from the report include:

• The Bank's paid-up capital stood at ₹7691.55 Crores and its turnover was ₹28401.62 Crores with a net worth of ₹25880.52 Crores for FY 2024-25.
• It operates 2489 national offices and offers 100% financial services, including retail, corporate, and international banking.
• As of March 31, 2025, the Bank had 14596 permanent employees, with a gender diversity ratio of 28% female employees. The overall employee turnover rate for permanent employees in FY 2024-25 was 4.71%.
• The Bank reported nil customer complaints and nil employee complaints for FY 2024-25. It received 8 shareholder complaints, all resolved.
• During FY 2024-25, the Bank paid penalties totaling ₹1,32,16,177.58 to RBI for deficiencies in customer services (Bank Credit, UCCI, KYC in small accounts) and ₹75,000.00 to NPCI for AEPS Technical decline.
• The report details material responsible business conduct issues, including risks related to data privacy, business continuity, ethical behaviour, and regulatory compliance, along with opportunities in financial inclusion and ESG oversight.
• The Bank generated 2,52,630 kWh of electricity through solar panels in FY25 and is committed to improving asset quality, leveraging technology, reducing costs, and enhancing customer experience for long-term sustainability.

• Bank of Maharashtra has been assigned an ESG score of 66.30 by Resurgent ESG Services.
• The rating was conducted using Resurgent ESG’s proprietary framework, combining data and direct engagement.
• The rating supports Bank of Maharashtra’s ongoing efforts to enhance its ESG practices.
• Mr. Sanjeet Kumar, Director of Resurgent ESG Services Private Limited, said, “Our ESG ratings are designed to empower organisations to measure their progress, enhance their ESG frameworks, and align their strategies with India’s sustainability objectives. Robust ESG practices are now fundamental for effective risk management and enduring value creation. With these ratings, we aim to support organisations in making informed decisions as they move towards a low -carbon and responsible future.”

• Bank of Maharashtra has announced a change in its Chief Financial Officer (KMP) effective from 1st June 2025.
• Shri Sunil Dhoot, Deputy General Manager, has been appointed as the new Chief Financial Officer.
• He takes over from Shri Srivastava Vijay Prakash Jai Prakash, who has been elevated to Chief General Manager of the Bank.
• Shri Sunil Dhoot, aged 39 years, joined Bank of Maharashtra in 2009 as a Specialist Officer (Chartered Accountant).
• He holds a Master's degree in M.COM and possesses professional qualifications of CA and CS.
• Additionally, he holds certifications such as JAIIB and CAIIB.
• Shri Dhoot has 15 years of experience within the Bank, having worked in various capacities including Branch Manager, Deputy Zonal Manager, and at various positions in the Credit Department at the Head Office.