StockWatch
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Life Insurance
Loan & Debt8 Jul 2026, 10:24 am

Max Financial Services: Record Date Set for NCD Interest & Redemption

AI Summary

Max Financial Services Ltd, through its subsidiary Axis Max Life Insurance Limited, has announced July 16, 2026, as the record date for the payment of annual interest and redemption amount on its unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures. The total payment amounts to INR 533.2 Crores, comprising INR 496 Crores for redemption at par and INR 37.2 Crores for interest, with the due date for payment being August 2, 2026. This action is in line with the exercise of a call option and SEBI LODR regulations.

Key Highlights

  • Record date fixed for July 16, 2026, for NCD interest and redemption.
  • Total payment of INR 533.2 Crores includes redemption and interest.
  • Payment due on August 2, 2026, following call option exercise.
  • Disclosure made as per SEBI Listing Regulations.