Outcome of Board Meeting

Bank of Maharashtra Investor Services Department Corporate Office: Montclaire, Baner- Peshan Link Peed, 134/1, Pashan, Pune 411021 E-mail: investor services(bankofmaharashtra.bank.iri Phone no wnw.bankofmaharasbtra.bank.in - 020-71658139 AXIIISDISTEXI39I2O26-27 Date: 101h July, 2026 The Vice President The Vice President BSE Ltd., National Stock Exchange of India Ltd., P.J Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001 Bandra (East), Mumbai-400 051 BSE Scrip Code: 532525 NSE Scrip Code: MAHABANK Dear Sir! Madam, Sub: Outcome of Board Meeting of the Bank held on 1O° July, 2026 Financial Result of the Bank for the quarter ended on 301h June, 2026 Ref: Our letter no. AX1115D151EX13712026-27 dated 7th July, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Board of Directors of Bank at their meeting held on Friday, 10th July, 2026 intern/ia considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Bank for the Quarter ended 30.06.2026. Further, pursuant to Regulation 30, 33, 52 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following: i) A copy of Unaudited Financial Results (Standalone and Consolidated) of the Bank for the 30th quarter ended on June, 2026 along with Limited Review Report of Auditors thereon and declaration of Audit Report with unmodified opinion. ii) Statement of utilisation of issue proceeds and NIL Statement of Deviation/variation in utilization of issue proceeds for the quarter ended on 30th June, 2026. iii) Security Cover Certificate as on 301h June, 2026. The meeting of Board of Directors of Bank commenced at 12.40 PM and the said agenda(s) concluded at 02.00 PM (1ST). Thereafter, the meeting continued for other agenda items. The above information will be made available on the Bank's website: https://bankofmaharashtra.bank.in/financial-results Thanking you Yours faithfully, For Bank of Maharashtra (Vishal Sethia) Company Secretary & Compliance Officer End : As above Restricted GD Apte & Co. Chartered Accountants, D-509, Neelkanth Business Park, Nathani Rd, Vidhya Vihar West, Mumbaj - 400086. Manubhai & Shah LLP Chartered Accountants, 4th Floor, Capital One, Opp. Ashok Vatika BRTS Stop, Ambli Bopal Road, Ahmedabad 380058 Sagar & Associates Chartered Accountants, H. No.6-3-244/5 Saradadevi Street Premnagar, Hyderabad - 500004 S. Singhal & Co. Chartered Accountants, S-4, Gordhan Enclave, 43, Vudhister Marg, C-Scheme, Jaipur - 302005 Independent Auditors' Limited Review Report on Unaudited Standalone Financial Results of Bank of Maharashtra for the Quarter ended June 30, 2026 pursuant to the Regulation 33 & Regulation 52 Read with Regulation 63(2) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended. The Board of Directors, Bank of Maharashtra, Pune. 1 We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Bank of Maharashtra ("the Bank") for the quarter ended June 30, 2026 ('the Statement'), being prepared and submitted by the Bank pursuant to the requirements of Regulation 33 & Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended ("the SEBI Regulations") except for the disclosures relating to "Pillar 3 under Basel III Capital Regulations, Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio" which have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. 2. This Statement, which is the responsibility of the Bank's Management and reviewed and approved by the Bank's Board of Directors, has been prepared by bank's management in accordance with the recognition and measurement principles laid down in Accounting Standard AS 25 "Interim Financial Reporting", issued by the Institute of Chartered Accountants of India (ICAl), the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Perfonned by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAl). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making enquiries, primarily of person responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The Unaudited Standalone Financial Results incorporate the relevant returns of 20 branches, and Treasury & International Banking Division reviewed by us. In the conduct of our review, we have also relied upon the review reports received from the concurrent auditors of 42 branches including 1 International Banking Unit situated in Gujarat International Finance Tec-City specifically appointed for this purpose. These review reports cover 54.25 percent of the advances portfolio of the bank. Apart from these review reports, we have also relied upon various information and returns received from the branches of the bank. 5. Based on our review conducted as above, subject to limitations as mentioned in Para 3 & 4 above, nothing has come to our attention that causes us to believe that the accompanying Statement of Unaudited Standalone Financial Results together with the notes thereon prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant applicable guidelines / prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 under Basel III Capital Regulations, Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio as at June 30, 2026, which have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. 6. Emphasis of Matter: We draw attention to note no. 10, which states that COVID 19 related contingency provisions amounting to Rs. 250 Crore have been reversed during the quarter ended June 30, 2026 and the bank continues to hold provisions amounting to Rs. 760 Crore as on June 30 2026. Our conclusion is not modified in respect of the above matter. 7. The Statement includes comparative figures for the quarter ended June 30, 2025, which were reviewed by an earlier set of four audit firms as joint auditors, two of those are continuing audit firms, and they have expressed unmodified conclusion vide their report dated July 15, 2025. Our conclusion is not modified in respect of the above matter. ForGDApte& I For Manubhai & For Sagar and For S. Singhal ft Co. [Showing first 8,000 characters — download PDF for full document]