Indian Overseas Bank (IOB) informed the BSE and National Stock Exchange that its promoter, the President of India, held 92.44 per cent of the bank's paid-up equity share capital as of March 31, 2026. The disclosure was submitted under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing provides the promoter shareholding position at the close of financial year 2025-26 and confirms no encumbrance during the period.
The promoter shareholding of 92.44 per cent represents the government's majority ownership in the public sector lender. IOB is headquartered in Chennai and its equity shares are listed on the BSE under scrip code 532388 and on the National Stock Exchange under the symbol IOB.
IOB confirmed that the promoter, along with persons acting in concert, did not create any encumbrance on its equity shares during financial year 2025-26. The declaration covered both direct and indirect encumbrances, with IOB reporting no pledge or charge on the promoter's stake for the entire financial year.
Regulation 31(4) of the SEBI Takeover Code requires listed entities to disclose promoter shareholding as at March 31 each year. Regulation 31(5) mandates the declaration of any encumbrance created by promoters during the preceding financial year. IOB's filing confirmed compliance with both requirements.
Raghuram Mallela, Deputy General Manager and Company Secretary of Indian Overseas Bank, signed the disclosure. The filing was submitted to the Department of Corporate Services at the BSE and the National Stock Exchange.
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.