Bank of Maharashtra has informed stock exchanges about a proposed three-day strike by the United Forum of Bank Unions scheduled for September 28 to 30, 2026. The bank stated that branch and office operations may be affected if the industrial action proceeds.

Proposed strike details

The following key details regarding the proposed industrial action have been disclosed:

Regulatory disclosure

This information was furnished to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Vishal Sethia, Company Secretary & Compliance Officer, on September 23, 2026.

Operational continuity measures

Bank of Maharashtra indicated that it is taking necessary steps to ensure the smooth functioning of its branches and offices during the proposed strike period. However, the bank acknowledged that in the event the strike materialises, the functioning of these locations may be affected. The extent of any disruption will depend on the outcome of developments between the unions and bank management ahead of the proposed dates.

Bank of Maharashtra paid annual interest of ₹41.09 crore on its Basel III compliant Tier II bonds on September 18, 2026. The payout relates to the bond issue with ISIN INE457A08142, which has a total issue size of ₹515 crore.

The bank confirmed the payment pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The interest amount includes tax deducted at source (TDS). The record date for the interest payment was September 3, 2026.

Bond Payment Details

The annual interest payment was executed on the due date without delay. The previous interest payment was made on September 18, 2025. IDBI Trusteeship Services Limited serves as the Debenture Trustee for these bonds.

What the Numbers Show

The interest outflow of ₹41.09 crore represents approximately 8% of the ₹515 crore bond principal. This indicates a stable cost of capital for this specific tier of regulatory capital, with no change in payment frequency or terms since the last annual cycle.