Bank of Maharashtra Board Approves Final Dividend, Rs 7,500 Crore Capital Raise
Bank of Maharashtra's board approved FY26 audited results. A final dividend of 12% (₹1.20/share) is recommended. The bank plans to raise up to ₹7,500 crore via equity and ₹10,000 crore via infra bonds, plus USD 500 million in foreign currency bonds.
The decision to raise substantial capital (₹7,500 crore equity and ₹10,000 crore debt) and recommend a dividend significantly impacts the bank's financial structure, growth potential, and shareholder returns.
The approval of audited financial results, recommendation of a final dividend, and significant capital raising plans indicate positive financial health and future growth strategies for the bank.
The Board of Directors of Bank of Maharashtra, in their meeting held on April 20, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of 12%, amounting to ₹1.20 per equity share of ₹10 each, for FY 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This is in addition to the interim dividend of ₹1.00 per equity share (10%) declared on January 13, 2026.
The bank also approved plans to raise capital up to ₹7,500 crore through equity, potentially via preferential allotment to GOI/LIC/FI, Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), Rights Issue, or ESPS. Additionally, the bank may raise capital through Basel III Additional Tier I Bonds and/or Tier II Bonds, subject to necessary approvals.
Further, the Board approved the issuance of Long-Term Infra Bonds up to ₹10,000 crore during FY 2026-27 in multiple tranches. The bank also plans to raise long-term funds by issuing foreign currency bonds up to USD 500 million in multiple tranches during FY 2026-27. The Board meeting commenced at 1:00 PM IST and concluded its agenda items by 2:50 PM IST.
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Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.