Bank of India has submitted a disclosure to the National Stock Exchange and BSE under Regulation 31(4) and 31(5) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure was dated April 1, 2026, and was signed by Usha Ramsinghani, the company secretary of Bank of India.
The promoter of Bank of India is the President of India. Bank of India is a public sector bank where the Government of India holds the majority equity stake through the President of India. The President of India is classified as the promoter under the SEBI Takeover Code.
Bank of India declared that the promoter, along with persons acting in concert, has not made any encumbrance, directly or indirectly, during the financial year 2025-26. Encumbrances under the regulations include pledges, liens, and any other form of charge against promoter-held shares.
The nil encumbrance disclosure confirms that no promoter shares were pledged or charged in any manner during the reporting period. The declaration covers both direct and indirect encumbrances created by the promoter or persons acting in concert with the promoter.
Regulation 31 of the SEBI Takeover Regulations requires every listed company to disclose promoter share encumbrance details on a half-yearly basis. The disclosure must be filed with the stock exchanges within seven working days from the end of each half-year period. This filing fulfills the requirement for the half-year ended March 31, 2026.
Bank of India is listed on the National Stock Exchange under the ticker BANKINDIA and on BSE under scrip code 532149. Both exchanges received the disclosure on April 1, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.