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Thursday, 12 November 2026 Every NSE & BSE announcement, by company
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Max Financial Services Ltd

NSE: MFSL · BSE: 500271 · Banking and Finance · 47 announcements

Share price
₹1,303.00
Market cap
₹44,968 Cr
Revenue (annual)
₹47,674 Cr
Net profit (annual)
₹83.99 Cr
P/E (TTM)
242.2×Sector 20.8×
Promoter holding
1.25%+0.00% QoQ
FII holding
48.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

16:31 IST BSE
Management Change

Max Financial Services Management Change

Max Financial Services announced board changes at its subsidiary, Axis Max Life Insurance. Mr. Mitsuru Yasuda resigned as Non-executive Director effective May 6, 2026. Mr. Toru Nakabayashi, a senior insurance executive with over 20 years of experience, was appointed as an Additional Director (Non-executive) effective May 7, 2026, representing the company on the board.

14:22 IST NSE
Annual General Meeting

Max Financial Services Annual General Meeting

Max Financial Services Limited has issued a postal ballot notice to shareholders. Key resolutions include a ₹389 Crore preferential allotment by subsidiary Axis Max Life Insurance to Axis Bank Limited, a separate fund raise via equity issuance, and an increase in authorized share capital. Voting concludes on May 10, 2026.

Value
₹389.0 Cr
Execution
2026-04-02 to 2026-05-25
14:11 IST BSE
Annual General Meeting

Max Financial Services Annual General Meeting

Max Financial Services Limited has issued a postal ballot notice seeking shareholder approval to raise up to ₹1,600 Crore through equity issuance. Additionally, the company proposes a ₹389 Crore preferential allotment in its subsidiary, Axis Max Life Insurance, to Axis Bank. Other resolutions include increasing authorized share capital to ₹75 Crore.

Value
₹1,989 Cr
17:05 IST BSE
Management Change

Max Financial Services Management Change

Max Financial Services announced the appointment of Mr. Sanjay Vij as an Independent Director of its material subsidiary, Axis Max Life Insurance, for a five-year term starting April 6, 2026. He replaces Mr. Rajesh Khanna, who retires on April 5, 2026. Mr. Vij is an industry veteran with prior leadership roles at HDFC Life and Digit Life.

Execution
5 years
23:24 IST BSE
Fund Raise

Max Financial Services Fund Raise of ₹380.6 Cr

Axis Max Life Insurance approved a preferential allotment of 2.50 crore equity shares to Axis Bank for approximately ₹380.60 Crore. Following the infusion, Axis group entities will collectively hold 19.99% of the insurer. This capital raise supports future growth and aligns with existing shareholder agreements among Max Financial and Axis Bank.

Value
₹380.6 Cr