Max Financial Services Limited has made a disclosure to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding its material subsidiary, Axis Max Life Insurance Limited (formerly known as Max Life Insurance Co. Ltd.).
The disclosure pertains to the payment of Interest and Redemption Amount by Axis Max Life Insurance Limited to its debenture holders. This follows previous disclosures dated June 30, 2026 and July 7, 2026 regarding the exercise of call option on 4,960 unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures bearing ISIN INE511N08016.
Payment Details
- Payment Date: July 31, 2026 (made ahead of schedule)
- Original Due Date: August 2, 2026 (which was a non-business day)
- Record Date: July 16, 2026
- Total Amount Paid: ₹5,329,150,000 (Five Thousand Three Hundred Twenty-Nine Crore Fifteen Lakh Rupees)
- Payment Method: RTGS (Real Time Gross Settlement)
- Payment Status: All transactions show "Accepted By Bank" status
- Confirmation Time: July 31, 2026 at 18:26 hrs IST
Transaction Breakdown
The payment was distributed across 13 transactions to various institutional beneficiaries:
1. ₹21,500,000 to J P MORGAN INDIA PRIVATE LTD EMPLOY (Account: 39719304234, IFSC: SBINOD09995)
2. ₹53,375,000 to SEAFARERS WELFARE FUND SOCIETY (Account: 35696966889, IFSC: SBIN0009995)
3. ₹53,750,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030215888, IFSC: UTIB0000004)
4. ₹53,750,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030205742, IFSC: UTIB0000004)
5. ₹268,750,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030205250, IFSC: UTIB0000004)
6. ₹352,275,000 to ALEMBIC PHARMACEUTICALS LIMITED (Account: 00330110000144, IFSC: HDFC0000033)
7. ₹430,000,000 to MAX BUPA HEALTH INSURANCE COMPANY (Account: 22205000491, IFSC: SCBL0036001)
8. ₹483,750,000 to STAR UNION DAI-ICHI LIFE INSURANCE (Account: 0190363005, IFSC: DEUT0784DCO)
9. ₹483,750,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030205360, IFSC: UTIB0000004)
10. ₹494,500,000 to RELIANCE GENERAL INSURANCE COMPANY (Account: 0190363005, IFSC: DEUT0784DCO)
11. ₹591,250,000 to The Provident Fund Trust For The Em (Account: 8011917829, IFSC: KKBK0001345)
12. ₹967,500,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030215532, IFSC: UTIB0000004)
13. ₹1,075,000,000 to NPS TRUST- A/C HDFC PENSION MANAGEM (Account: 913020030205577, IFSC: UTIB0000004)