bank of maharashtra paid annual interest of ₹63,25,80,000 on its Long Term Infra Bond (Series-1) on August 5, 2026. The payment fulfills the bank's obligation for the bond series, which has a total issue size of ₹811 crore. The interest was paid annually, with no delay or change in frequency reported.

The disclosure was made pursuant to Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. A copy of the communication was marked to Axis Trustee Services Limited, the Debenture Trustee for the subject bonds. Vishal Sethia, Company Secretary & Compliance Officer, signed the filing.

Interest Payment Details

The bank confirmed that the interest payment was made on the due date without any non-payment or delay reasons cited. The last interest payment for this series was made on August 5, 2025.

What the Numbers Show

The consistent annual payment schedule indicates regular servicing of the long-term infrastructure debt. With an issue size of ₹811 crore and an annual interest outflow of approximately ₹63.26 crore, the effective coupon rate remains stable year-over-year, reflecting predictable liability management for this specific bond series.

Bank of Maharashtra has accepted the resignation of Smt. Uma Vedula from the position of Chief Compliance Officer (CCO), effective July 23, 2026. The departure, cited for personal reasons, triggers a mandatory search for a successor who meets Reserve Bank of India (RBI) guidelines requiring the role to be filled by an officer at a senior level, preferably not below two levels from the CEO. This leadership transition ensures continuity in the bank’s compliance oversight while adhering to strict regulatory hierarchy standards.

The bank disclosed the change to stock exchanges on July 24, 2026, following Vedula’s relief from duties at the close of business hours on July 23, 2026. Management intends to fill the vacancy by selecting a candidate from the existing pool of Chief General Managers (CGMs) within the bank. This internal selection process aims to maintain institutional knowledge and ensure robust internal controls during the interim period.

Key Details of the Resignation

Smt. Vedula submitted her resignation letter dated June 24, 2026, expressing gratitude to the Board, management, and staff for their support during her tenure. She requested to be relieved as per applicable terms and conditions. The disclosure was made under Regulation 30 read with clause 7B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Succession

The filing also complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. Vishal Sethia, Company Secretary of Bank of Maharashtra, signed the disclosure letter addressed to the Vice Presidents of BSE Ltd. and National Stock Exchange of India Ltd. The RBI guidelines emphasize the independence and seniority of the CCO role to ensure effective compliance frameworks. By targeting a Chief General Manager for the position, the bank aligns with these hierarchical requirements without disrupting operational stability.