Shareholders meeting

Investor Services Department Corporate Office: Montclaire, 134/1, Baner- Pashan Link Road, Pashan, Pune 411021 E-mail: investor_services@bankofmaharashtra.bank.in Phone nos - 020-71658139 www.bankofmaharashtra.bank.in AX1/ISD/STEX/32/2026-27 Date: 30th June, 2026 The Vice President The Vice President BSE Ltd., National Stock Exchange of India Ltd., P.J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai-400 001 Bandra (East), Mumbai-400 051 BSE Scrip Code: 532525 N S E Scrip Code: MAHABANK Dear Sir/ Madam, Subject: Outcome of the 23rd Annual General Meeting (AGM) of the Bank held on 30th June 2026 In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing proceedings of 23rd Annual General Meeting of the Bank held on Tuesday, 30th June 2026 at 11.00 am through Video Conference / Other Audio-Visual Means along with Scrutinizer’s Report regarding results of remote e-voting and e-voting during the AGM on the agenda items of the meeting. As per the Scrutinizer’s Report, the following Resolutions pertaining to agenda no. 1 to 4 were passed by the Shareholders of the Bank with requisite majority: Sr. No. Particulars 1 To discuss, approve and adopt the Balance Sheet of the Bank as on 31st March, 2026, and the Profit and Loss Account for the year ended on that date, the report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and the Auditor’s report on the Balance sheet and accounts. 2 To declare dividend on the Equity Shares of the Bank for the FY 2025-26 3 To approve the appointment of Shri Sushanta Kumar Mohanty as Executive Director 4 To consider raising of Equity Capital aggregate upto Rs.7,500/- crore through various modes as mentioned in the Notice. This is for your information, records and dissemination please. Yours faithfully, For Bank of Maharashtra (Vishal Sethia) Company Secretary and Compliance Officer Encl: Proceedings of the 23rd AGM is enclosed as Annexure I & Scrutinizer’s Report as Annexure II Confidential Investor Services Department Corporate Office: Montclaire, 134/1, Baner- Pashan Link Road, Pashan, Pune 411021 E-mail: investor_services@bankofmaharashtra.bank.in Phone nos - 020-71658139 www.bankofmaharashtra.bank.in Annexure I Proceedings of the 23rd Annual General Meeting of the Bank 1. The 23rd Annual General Meeting (AGM) of the Shareholders of Bank of Maharashtra (the Bank) was held on Tuesday, 30th June 2026 at 11.00 a.m. through Video Conference / Other Audio-Visual Means in accordance with the Notice dated 6th June 2026 and in compliance with applicable MCA/ SEBI / GOI Guidelines. 2. The meeting was attended by 102 Members including 01 Authorised Representative of Government of India. 3. The Representatives of Statutory Central Auditors and Secretarial Auditors of Bank also attended the meeting. 4. Pursuant to Regulation 59 of Bank of Maharashtra (Shares and Meetings) Regulations, 2004, in the absence of Non-Executive Chairman, Shri Nidhu Saxena, Managing Director & CEO, chaired the meeting and welcomed the Shareholders of the Bank present at the meeting. 5. After confirmation of requisite quorum by Shri Vishal Sethia, Company Secretary, the Chairman called the Meeting in order in accordance with Regulation 58 of the Bank of Maharashtra (Shares and Meetings) Regulations, 2004. 6. The Chairman informed the Shareholders that in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI, the Annual General Meeting of Bank is being conducted through Video Conference / Other Audio-Visual Means. 7. The Chairman then introduced the Directors of the Bank and the Authorized Representative of Government of India present in the meeting to the Shareholders and welcomed them to the meeting. 8. The Chairman informed that in compliance with the extant guidelines, the Bank has sent copy of AGM Notice and Annual Report to shareholders through email and also published the Notice of this Annual General Meeting in newspapers. 9. Company Secretary, informed that the Notice dated 6th June, 2026 convening this AGM and the link to the Annual Report was e-mailed to the shareholders of the Bank whose email-id were registered with the Bank / depositories. 10. Company Secretary further informed that notice regarding the Annual General Meeting intimating the mailing of notice and the e-voting instructions was published in newspapers i.e. Financial Express (English daily), Loksatta (Marathi daily) and Jansatta (Hindi daily) on 6th June 2026. The Notice of this Meeting and Annual Report 2025-26 has been hosted on the website of the Bank, NSE and BSE. Confidential Investor Services Department Corporate Office: Montclaire, 134/1, Baner- Pashan Link Road, Pashan, Pune 411021 E-mail: investor_services@bankofmaharashtra.bank.in Phone nos - 020-71658139 www.bankofmaharashtra.bank.in 11. Thereafter, the Chairman with the consent of the shareholders attending the Meeting, notice convening the 23rd Annual General Meeting together with the Explanatory Statement, the Audited Financial Statements for the year ended 31st March 2026 along with the Directors’ Report and Auditors Report was taken as read. 12. The Chairman then highlighted the performance and achievements of the Bank for Financial year 2025-26, along with key initiatives and way forward, to the Shareholders. 13. The Company Secretary informed the Shareholders that as per SEBI (LODR) Regulations, 2015 and Companies (Management and Administration) Rules, 2014 as amended, remote e-voting facility was made available to the Shareholders of Bank. He further informed that the Bank has appointed M/s. S.N. Ananthasubramanian & Co., Company Secretaries as Scrutinizer for the remote e-voting and e-voting to be conducted at the AGM. 14. The Chairman then took up the agenda items one by one. Agenda Item No.1 To discuss, approve and adopt the Balance Sheet of the Bank as on 31st March, 2026, and the Profit and Loss Account for the year ended on that date, the report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and the Auditor’s report on the Balance sheet and accounts. Agenda Item No.2 To declare dividend on the Equity Shares of the Bank for the FY 2025-26 Board in its meeting dated 20th April, 2026 has recommended for dividend of Rs. 1.20/- per share for the FY 2025-26. This is in addition to the interim dividend of Rs. 1.00/- per equity share declared on 13th January, 2026 and paid during the financial year. Agenda Item No.3 To approve the appointment of Shri Sushanta Kumar Mohanty as Executive Director Agenda Item No.4 To consider raising of Equity Capital aggregate upto Rs.7,500/- crore through various modes as mentioned in the Notice. Confidential Investor Services Department Corporate Office: Montclaire, 134/1, Baner- Pashan Link Road, Pashan, Pune 411021 E-mail: investor_services@bankofmaharashtra.bank.in Phone nos - 020-71658139 www.bankofmaharashtra.bank.in 15. The Chairman requested the Shareholders, who have not participated in the remote e-voting, to cast their votes on the agenda items transacted at the AGM. 16. The Chairman then requested the Shareholders, who had registered as Speakers to offer their views, opinions, and observations on the performance of Bank and the Agenda items mentioned in the Notice. 17. Shareholders actively participated at the Meeting extending their compliments for the excellent performance of the Bank, making their observations and seeking clarifications and also providing suggestions for improvements. 18. Thereafter, the Chairman responded to the suggestions / observations raised by the Shareholders. 19. The Chairman informed the Shareholders that the voting will continue for another thirty minutes and thereafter this meeting will stand closed. He further informed that the consolidated results of the remote e-voting and voting at the AGM will be placed on the website of the Ban [Showing first 8,000 characters — download PDF for full document]