Board Meeting29 March 2026 at 12:31 pm
Max Financial Services Independent Director, Mr. K. Narasimha Murthy, to Retire on Completion of Tenure
AI Summary
Max Financial Services Ltd. announced that Mr. K. Narasimha Murthy, an Independent Director of the Company, will retire upon completion of his term on March 29, 2026. Mr. Murthy was initially appointed for a term of five years commencing from March 30, 2021, and was due for re-appointment for another five-year term. However, the shareholders did not approve the proposed re-appointment at the 37th Annual General Meeting held on September 18, 2025. The Board and Management have expressed gratitude for Mr. Murthy's contributions during his tenure.
Key Highlights
- Mr. K. Narasimha Murthy to retire as Independent Director of Max Financial Services Ltd.
- Murthy's initial term was from March 30, 2021, to March 29, 2026.
- Shareholders did not approve Murthy's re-appointment for a second term.
- Murthy's re-appointment required a special resolution with 75% majority, but only received 66.77% votes in its favor.
- Max Financial Services acknowledges Murthy's contributions during his association with the Company.
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