Max Financial Services Limited has disclosed that its material subsidiary, Axis Max Life Insurance Limited, has completed the payment of interest and redemption amounts totaling ₹5,329.15 crore. The payment was made on July 31, 2026, to debenture holders as of the record date, July 16, 2026. This action aligns with the terms of the debentures and applicable regulations, ensuring timely financial obligations are met.
Axis Max Life Insurance Completes Debenture Payments
Max Financial Services Limited announced that its material subsidiary, Axis Max Life Insurance Limited, has successfully discharged its financial obligations concerning outstanding debentures. The company has made the payment of both the Interest and Redemption Amount, aggregating to a significant ₹5,329.15 crore.
Timely Payment of Dues
The payment was effected on July 31, 2026, to the debenture holders of Axis Max Life Insurance Limited who were on record as of July 16, 2026. This ensures that the debenture holders receive their due amounts in accordance with the terms and conditions of the debenture issue. The payment was made on July 31, 2026, as the scheduled due date of August 2, 2026, fell on a non-business day, making the earlier date the immediately preceding business day. This aligns with the terms of issue, debenture trust deed, and regulatory requirements.
Disclosure Under SEBI LODR
This disclosure is made in line with the provisions of Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the beneficiaries and the respective amounts paid are appended in Annexure-I for reference.
Source: BSE
