Max Financial Services Ltd

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.

Max Financial Services Ltd, through its subsidiary Axis Max Life, has announced the exercise of a call option to fully redeem unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures worth ₹496 crores. The redemption, including the final annual interest, is scheduled for August 2, 2026. This action aligns with the terms of the issue as per the Information Memorandum and Debenture Trust Deed, and is in compliance with SEBI regulations.

Max Financial Services Ltd has announced a Board Meeting scheduled for Thursday, August 13, 2026, to consider and approve the un-audited financial results for the quarter ending June 30, 2026. The company also informed about the closure of the trading window for designated persons, including promoters, directors, and key managerial personnel, from July 1, 2026, until 48 hours after the announcement of the financial results, extending potentially to August 15, 2026. This measure is in line with SEBI regulations to prevent insider trading. Additionally, PANs of immediate relatives of designated persons are being tagged by depositories.

Max Financial Services Ltd has announced a Board of Directors meeting scheduled for August 13, 2026, to consider and approve the un-audited financial results for the quarter ending June 30, 2026, on a standalone and consolidated basis. Concurrently, the company will implement a trading window closure for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the results announcement, which is expected to be by August 15, 2026. This measure aligns with SEBI regulations on insider trading prevention.

Max Financial Services Ltd. announced that Axis Bank has invested ₹380.6 crore in Axis Max Life Insurance Limited by subscribing to equity shares. The Share Allotment Committee approved the allotment of 2,50,56,200 fully paid-up equity shares to Axis Bank on June 1, 2026, at ₹151.90 per share. Following this allotment, Max Financial's shareholding in Axis Max Life has been reduced to approximately 80.01%.

Max Financial Services Ltd. announced a change in its Corporate Identity Number (CIN) from L24223PB1988PLC008031 to L24223HR1988PLC145368. This change is due to the alteration of the company's registered office from Punjab to Haryana, as confirmed by the Registrar of Companies, Haryana, on May 12, 2026. The company received the certificate of registration on May 13, 2026.

Max Financial Services Ltd reported a 17% YoY growth in consolidated revenue excluding investment income for FY'26, reaching ₹38,039 crores. Axis Max Life's Individual Adjusted First Year Premium grew by 19% YoY to ₹9,885 crores, increasing its private market share by 56 bps to 10.4%. The Value of New Business (VNB) for Axis Max Life increased by 26% YoY to ₹2,647 crores, with new business margins improving to 25.2%. Assets Under Management (AUM) stood at ₹1.89 lakh crores, up 8% YoY.

Max Financial Services Ltd's material subsidiary, Axis Max Life Insurance Limited, had an embedded value of ₹28,870.5 crore as of March 31, 2026, according to an independent actuarial opinion by Willis Towers Watson (WTW). The value of one year from 2025 to March 31, 2026, is ₹2,647.1 crore. WTW reviewed the methodology, assumptions, and computations used to determine the embedded value, concluding they comply with the standards issued by the Institute of Actuaries of India. WTW relied on data provided by Axis Max Life and disclaims liability to anyone other than Axis Max Life for its review.

Max Financial Services Ltd. announced the resignation of Mr. Mitsuru Yasuda as a Non-Executive Non-Independent Director, effective May 12, 2026. Mr. Toru Nakabayashi has been appointed as an Additional Director in the same capacity, effective May 13, 2026, until the next AGM. Mr. V. Krishnan's term as Manager (KMP) is extended for two years from July 1, 2026, subject to shareholder approval. M/s MGC & KNAV Global Risk Advisory LLP re-appointed as Internal Auditors for FY 2026-27.

Max Financial Services Ltd. announced the resignation of Mr. Mitsuru Yasuda as a Non-Executive Non-Independent director, effective May 12, 2026. Mr. Toru Nakabayashi has been appointed as an Additional Director in the same capacity, effective May 13, 2026. Additionally, Mr. V. Krishnan's term as Manager (KMP) has been extended for two years from July 1, 2026, subject to shareholder approval. M/s MGC & KNAV Global Risk Advisory LLP has been re-appointed as Internal Auditors for FY 2026-27.