Bank of Maharashtra Submits SEBI Disclosure for Non-Convertible Debentures Database
Bank of Maharashtra filed mandatory SEBI disclosure for its centralized NCD database as on March 31, 2026, covering 14 listed instruments across BSE and NSE. The bank maintains strong AA+ (S) and AA (S) credit ratings from multiple agencies including CARE, ICRA, Acuite, Infomerics, and Brickwork, with all ratings recently reaffirmed. The disclosure confirms timely interest payments on all NCDs during FY 2025-26 with no defaults or servicing delays reported.
*this image is generated using AI for illustrative purposes only.
Bank of Maharashtra has submitted its mandatory annual disclosure to BSE and NSE under SEBI's operational circular for the centralized database of corporate bonds and debentures. The disclosure, filed on April 10, 2026, by Company Secretary Vishal Sethia, provides comprehensive information about the bank's non-convertible debentures (NCDs) as on March 31, 2026.
NCD Portfolio Overview
The bank's NCD portfolio comprises 14 listed instruments with varying listing quantities and allotment dates spanning from 2016 to 2025. The disclosure covers all aspects mandated under Chapter XIV of SEBI operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
| Parameter | Details |
|---|---|
| Total NCDs Listed | 14 instruments |
| Exchanges | BSE (13 NCDs), BSE/NSE (1 NCD) |
| Issue Type | All First Issues |
| Listing Period | 2016-2025 |
Listing Details and Quantities
The bank's NCDs show significant variation in listing quantities, with the most recent issuances being substantially larger. Notable listings include ISIN INE457A08183 with 161200 units listed on February 21, 2025, and INE457A08175 with 81100 units listed on August 7, 2024. The oldest active NCD (INE457A08035) was allotted on June 27, 2016, with 5000 units and remains the only instrument listed on both BSE and NSE.
Credit Rating Status
The bank maintains robust credit ratings from multiple recognized agencies:
Current Ratings (as of March 2026)
| Rating Agency | Rating | Action | Recent Date |
|---|---|---|---|
| CARE | AA+ (S) | Reaffirm | July 3, 2025 |
| ICRA | AA+ (S) | Reaffirm | July 24, 2025 |
| Acuite | AA+ (S) | Reaffirm | December 18, 2025 |
| Infomerics | AA+ (S) | Reaffirm | March 11, 2026 |
| Brickwork | AA+ (S) | Reaffirm | January 22, 2026 |
All credit ratings have been verified by the respective Credit Rating Agencies (CRAs) on the same dates as the rating actions. Some earlier NCDs carry AA (S) ratings from Acuite and Infomerics, while newer issuances predominantly receive AA+ (S) ratings across agencies.
Payment Performance
Bank of Maharashtra demonstrated strong debt servicing capabilities during FY 2025-26:
• Interest Payments: All interest payments were made timely during FY 2025-26 • Redemption Status: No redemptions were applicable during the period • Default History: No defaults or delays reported in servicing any debt securities • Regulatory Compliance: All payment details were properly communicated to stock exchanges under Regulation 57(1) of SEBI LODR
The bank's consistent payment track record and maintained credit ratings reflect its financial stability and commitment to debt obligations. The disclosure fulfills SEBI's transparency requirements for corporate bond databases, providing investors with comprehensive information about the bank's debt instruments and their performance status.
Will Bank of Maharashtra plan to issue new NCDs in FY 2026-27 to further expand its debt portfolio beyond the current 14 instruments?
How might the bank's consistent AA+ credit ratings impact its borrowing costs and market access for future debt issuances?
What factors could influence Bank of Maharashtra's ability to maintain its perfect payment track record as interest rates and market conditions evolve?
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