Bank of Maharashtra completed the full redemption of its Basel III Compliant Tier II bonds with an issue size of ₹500 crore on September 25, 2026. The bank simultaneously paid the final annual interest amount of ₹11,09,04,109.59 to bondholders.

The redemption was triggered by the maturity of the instruments, which were originally issued with a tenor that concluded in September 2026. The bank processed both the principal repayment and the interest payout two days ahead of the scheduled due date of September 27, 2026. This early settlement was necessitated because September 26 and 27 fell on bank holidays, requiring payment on the preceding working day.

Redemption and Interest Details

The transaction involved the redemption of 5,000 non-convertible debentures (NCDs). The interest payment record date was set for September 12, 2026. The final interest payment was made annually, consistent with the terms of the issue.

Operational Compliance

The communication was filed pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the notice was marked to Axis Trustee Services Limited, acting as the Debenture Trustee for the subject bonds. The company confirmed that there were no delays or non-payments associated with this cycle, as the funds were disbursed within the regulatory window despite the holiday constraints.

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.