Board Meeting20 Apr 2026, 03:04 pm
Bank of Maharashtra Board Approves FY26 Results, ₹7500 Cr Capital Raise
AI Summary
Bank of Maharashtra's Board of Directors met on April 20, 2026, to approve the audited financial results for the quarter and year ended March 31, 2026. The bank recommended a final dividend of 12% (₹1.20 per share), in addition to the interim dividend of 10% already paid. Key approvals also included plans to raise up to ₹7,500 crore through equity issuance (preferential allotment, QIP, FPO, Rights Issue, ESPS) or bonds, and to issue Long-Term Infra Bonds up to ₹10,000 crore and foreign currency bonds up to USD 500 million in FY 2026-27. The auditors provided an unmodified opinion on the standalone financial results.
Key Highlights
- Board approved audited FY26 results with unmodified audit opinion.
- Recommended final dividend of 12% (₹1.20/share).
- Plans to raise up to ₹7,500 crore via equity or bonds.
- Approved issuance of ₹10,000 crore infra bonds and USD 500 million foreign bonds.
- Results for Q4 and FY ended March 31, 2026, declared.
MAHABANKPublic Sector Bank
BANK OF MAHARASHTRAPrice Impact