Bank of Maharashtra has completed its annual interest payment on Basel III Additional Tier-1 Bonds, fulfilling its regulatory obligations under SEBI listing requirements. The payment was processed on December 26, 2025, in compliance with the bank's bond agreement terms.

Bond Interest Payment Details

The bank made the interest payment on bonds with ISIN INE457A08134, representing a significant financial obligation. The payment details are structured as follows:

Payment Timeline and Compliance

The interest payment was scheduled and completed on December 26, 2025, as per the original due date. This demonstrates the bank's adherence to established protocols and regulatory guidelines for its Basel III Additional Tier-1 Bonds.

Regulatory Framework

The interest payment was made pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bank of Maharashtra communicated this information to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders and regulatory bodies.

Bond Structure and Characteristics

The Basel III Additional Tier-1 Bonds represent part of Bank of Maharashtra's capital structure, with the principal amount standing at ₹880.00 crores. The annual interest payment of ₹76.91 crores reflects the bank's commitment to meeting its debt obligations in a timely manner.

The bank has also informed IDBI Trusteeship Services Limited, which serves as the Debenture Trustee for these bonds, ensuring all relevant parties are kept informed of the payment completion. This systematic approach to communication underscores the bank's commitment to regulatory compliance and stakeholder transparency.

Bank of Maharashtra has announced the appointment of four chartered accountant firms as Statutory Central Auditors (SCAs) for the financial year 2025-26. The appointments were made pursuant to approval from the Reserve Bank of India and were disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Auditor Appointments for FY2025-26

The bank has appointed a combination of continuing and new statutory central auditors to oversee its financial auditing requirements. The appointment structure includes both firms that are continuing their services and new additions to strengthen the auditing framework.

Continuing Statutory Central Auditors

M/s. G D Apte & Co., Mumbai operates under FRN 100515W and was founded in 1957. The firm currently has 13 partners with offices in Mumbai (Head Office) and Pune. The firm specializes in audit assurance including statutory and internal audits, taxation covering both direct and indirect taxes, forensic audits, due diligence during mergers and acquisitions, and IS audits. Their client portfolio spans manufacturing, services, BFSI, and charitable institutions, with extensive experience in conducting statutory, concurrent, and internal audits for banks, government companies, insurance companies, and private enterprises.

M/s. Manubhai Shah LLP, Ahmedabad operates under FRN 106041W/W100136 and was established in 1945. The firm has grown to 19 partners with a widespread presence across Ahmedabad (Head Office), Mumbai, Delhi, Rajkot, Vadodara, Gandhinagar, Udaipur, Jamnagar, Indore, and Surat. Their expertise encompasses audit assurance, risk and financial advisory services, risk management, and tax-related matters, with a proven track record in banking sector audits.

New Statutory Central Auditor Appointments

M/s Sagar Associates operates under FRN 003510S and was founded in 1989. The firm currently has 13 partners with offices strategically located in Hyderabad (Head Office), Tirupati, Bengaluru, Vijayawada, Visakhapatnam, and Chennai. Their service portfolio includes audit assurance, taxation, forensic audits, due diligence for mergers and acquisitions, and BFSI-related matters.

M/s S. Singhal & Co operates under FRN 001526C and was established in 1981. The firm has 10 partners with offices in Jaipur (Head Office), Bhiwadi, Gurgaon, Ahmedabad, and Mumbai. Their expertise covers audit assurance, company law consultancy, financial consultancy, IS audit, tax-related matters, and BFSI services.

Professional Experience and Credentials

All four appointed firms demonstrate substantial experience in the banking and financial services sector. Their collective expertise includes:

• Statutory, concurrent, and internal audits for various banks
• Government company auditing experience
• Insurance company audit services
• Private company audit engagements
• Risk management and financial advisory services
• Forensic audit capabilities
• Tax consultation and compliance services

The appointment of these statutory central auditors ensures comprehensive oversight of Bank of Maharashtra's financial reporting and compliance requirements for the financial year 2025-26, combining the continuity of experienced firms with fresh perspectives from new appointments.