Bank Of Maharashtra informs about board meeting

24 Apr 2023 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bank Of Maharashtra has informed that the Board of Directors of Bank at their meeting held on Monday, 24th April, 2023 at Pune considered and approved the following: Audited Financial Results (Standalone and Consolidated) of the Bank for the Quarter / Financial year ended 31st March, 2023, Recommended a dividend of Rs 1.30 per equity share of Rs 10 each fully paid up (i.e. 13 %) out of the net profits for the year ended March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Bank and Raising of Capital upto Rs. 7,500 crore through Follow-on Public Offer (FPO) / Rights issue / Qualified Institutional Placement (QIP) issue, Preferential issue or any other mode or combination thereof and / or through issue of BASEL III Bonds or such other securities as may be permitted under applicable laws etc., subject to the necessary approvals. A copy of Audited Financial Results (Standalone and Consolidated) of the Bank for the Quarter / Financial year ended 31st March, 2023 along with Auditors Report are enclosed in compliance with Regulation 33 & 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Declaration regarding Audit reports with unmodified opinion is also enclosed. The meeting of Board of Directors of Bank commenced at 12.00 noon and concluded at 1.20 pm.

The above information is a part of company’s filings submitted to BSE.

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