BANK OF BARODA

Bank of Baroda announced a change in its Statutory Central Auditors (SCAs) for the limited review of financial results for the quarter and half-year ending September 30, 2026. M/s Batliboi & Purohit, one of the SCAs, expressed inability to continue due to regulatory capacity constraints from another audit engagement. The Audit Committee has approved carrying out the limited review by the remaining SCAs: M/s Shah Gupta & Co, M/s V Sankar & Aiyar & Co, M/s Ravi Rajan & Co LLP, and M/s Gokhale & Sathe LLP. This change is due to regulatory requirements and not due to any disagreement or adverse matter concerning the outgoing auditor.

Bank of Baroda has announced the closure of its trading window for directors, auditors, and designated persons. This closure is in accordance with SEBI regulations and will be in effect from October 1, 2026, until 48 hours after the declaration of the bank's financial results for the quarter and six months ended September 30, 2026. The specific date for the board meeting to approve these results will be communicated later.

Bank of Baroda has successfully divested 76,90,375 equity shares of the National Stock Exchange of India Limited (NSE) through its Initial Public Offering (IPO). The sale generated a gross consideration of ₹1,372.35 crores. This transaction is in line with the bank's previous disclosure regarding the sale of its stake in NSE during the IPO.

The Central Government has extended the tenure of Shri Lal Singh, Executive Director at Bank of Baroda. His current term was set to end on October 8, 2026. The extension is effective until his superannuation date of January 31, 2027, or until further orders, whichever comes first. This decision was made under the powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970. The bank is required to upload this information on its website as per SEBI (LODR) Regulations.

Bank of Baroda has announced the incorporation of a new wholly-owned subsidiary, 'BOB PENSION FUND MANAGEMENT COMPANY LIMITED'. The subsidiary was incorporated on September 21, 2026, with an authorized share capital of INR 100.00 Crore. Bank of Baroda will hold an 80.10% stake in the new entity, investing INR 80,09,99,500 by subscribing to 8,00,99,950 equity shares. The new company is established to act as a Pension Fund Manager, regulated by PFRDA, and will manage pension assets. The bank has received necessary approvals from PFRDA and RBI for this venture, with the completion of acquisition expected by December 31, 2026.

Bank of Baroda has announced a review of its Marginal Cost of Funds Based Lending Rate (MCLR) effective September 12, 2026. The bank has maintained its existing MCLR rates across all tenors, including overnight, one-month, three-month, six-month, and one-year. This decision indicates stability in the bank's funding costs and lending strategy for the near future.

Mr. Sumit Sachdeva, Head - Large Corporate Relationships at Bank of Baroda, has resigned from his position. The resignation is effective from September 2026, with his last working day requested to be in the first week of September. Mr. Sachdeva cited personal and professional aspirations, including pursuing a new opportunity beyond banking, as the reason for his departure. He expressed gratitude for his tenure and committed to a smooth transition of responsibilities.

Bank of Baroda announced its intention to divest up to 76,90,375 equity shares, representing 35% of its holding in the National Stock Exchange of India Limited (NSE). This divestment will occur through an Offer for Sale (OFS) as part of NSE's Initial Public Offering (IPO). The bank received a dividend of ₹76,90,37,500 from NSE for FY2025-26. The equity shares have been transferred to an "Escrow Account" on September 8, 2026, with the sale completion expected by the end of September 2026, subject to regulatory approvals. The consideration from the sale will be received post the IPO process. This transaction is not considered a related party transaction and is outside any scheme of arrangement.

Bank of Baroda has received a notice of strike from the United Forum of Bank Unions (UFBU) and the Akhil Bhartiya Bank of Baroda Officer’s Sangathan. The strike is scheduled for September 11, 2026, September 28-30, 2026, and a continuous strike from October 26, 2026, over various demands. The bank is implementing measures to ensure smooth operations but acknowledges potential disruptions to branch and office functioning if the strike materializes.

Bank of Baroda representatives attended the ASHWAMEDH - ELARA INDIA DIALOGUE 2026 on September 2, 2026. The bank confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the interaction. This update follows a previous intimation dated August 27, 2026, and is in compliance with SEBI (LODR) Regulations, 2015.