Max Financial Services Limited
All news and filings related to Max Financial Services Limited.
View all news & filings- Medium impact
Max Life Insurance Allots ₹686 Crore in Non-Convertible Debentures
Max Financial Services Limited's subsidiary, Axis Max Life Insurance, allotted 68,600 Non-Convertible Debentures worth ₹686 Crore on September 28, 2026. These are 10-year NCDs with an annual interest payment, subject to regulatory approvals. The funds were raised via private placement.
Read the summary - Medium impact
Max Financial Services Board Meeting on Oct 27 to Approve Q2 FY27 Results; Trading Window Closed Oct 1-29
Max Financial Services will hold a board meeting on October 27, 2026, to approve unaudited financial results for Q2 FY27. The trading window will be closed from October 1 to October 29, 2026, for designated persons.
Read the summary - Low impact
Max Financial Services Limited Receives ESG Rating of "71" from Niche
Max Financial Services Limited has been assigned an ESG Rating of "71" (on a scale of 0-100) by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. The rating reflects the company's performance on Environmental, Social, and Governance parameters. Niche independently prepared the report based on publicly available data.
Read the summary - Medium impact
Max Financial Services Receives Strong ESG Ratings from Crisil
Max Financial Services Limited received an ESG Rating of 70 and a Core ESG Rating of 77 from Crisil ESG Ratings & Analytics. The ratings were independently assigned based on public data. MFSL is disclosing this voluntarily.
Read the summary - Low impact
Max Financial Services to Participate in Jefferies India Forum on Sep 18
Max Financial Services Limited will participate in the Jefferies India Forum on September 18, 2026, in Gurgaon. Senior management will attend group meetings. No unpublished price-sensitive information will be disclosed. An investor presentation is available on the company's website.
Read the summary - Medium impact
Max Financial Services Limited Discharged from SEBI Show Cause Notice Proceedings
Max Financial Services Limited and its subsidiary Axis Max Life Insurance, along with directors and key personnel, have been discharged by SEBI from proceedings related to a show cause notice issued on October 24, 2024. No penalties or directions were imposed. A final order for 13 other directors' settlement applications is still awaited.
Read the summary - Low impact
Max Financial Services Announces Loss of Share Certificate
Max Financial Services Limited has filed a public notice regarding the loss of share certificates for 10,300 equity shares belonging to Mr. K. K. Ramsundar. This action is in accordance with SEBI regulations. The notice was published on August 25, 2026.
Read the summary - High impact
Max Financial Services Q1 FY27: Profit at ₹180 Crore, APE Grows 15%
Max Financial Services reported Q1 FY27 consolidated profit of ₹180 crore on revenue of ₹7,289 crore. Axis Max Life's premium grew 19% to ₹10,610 crore. Axis Bank increased its stake to 19.99% via a ₹381 crore infusion, boosting solvency to 198%. APE grew 15%, and VNB margin improved to 23.2%.
Read the summary - Low impact
Max Financial Services Limited's 38th AGM: All Resolutions Passed With Requisite Majority
Max Financial Services Limited's 38th AGM, held on August 19, 2026, successfully passed all resolutions. Key approvals included the adoption of FY26 financial statements and the reappointment of Mr. Analjit Singh. Remuneration for Independent Directors Mr. Jai Arya and Sir Richard Stagg was also approved. Voting concluded on August 18, 2026.
Read the summary - Low impact
Max Financial Services Limited Holds 38th AGM on Aug 19, 2026
Max Financial Services Limited held its 38th AGM on August 19, 2026, via video conference. Key agenda items included adopting FY26 financial statements and reappointing Mr. Analjit Singh as Director. Remuneration for Independent Directors Mr. Jai Arya and Sir Richard Stagg was also approved. Voting results are expected within two working days.
Read the summary - Low impact
Max Financial Services Announces Newspaper Publication of Q1 FY27 Unaudited Financial Results
Max Financial Services Limited has published its un-audited financial results for the quarter ended June 30, 2026. The results were approved by the Board on August 13, 2026, and are available on the company and stock exchange websites.
Read the summary - Medium impact
Axis Max Life Receives GST Show Cause Notices for ₹35.29 Crore
Axis Max Life Insurance has received GST Show Cause Notices alleging wrongful availment of Input Tax Credit for FY 2020-21 to FY 2024-25. The proposed demand for tax, interest, and penalty amounts to approximately ₹35.29 crore. The company is reviewing the notices and preparing a response, stating no operational impact at present.
Read the summary - Low impact
Max Financial Services to Participate in Upcoming Investor Conferences
Max Financial Services Limited will participate in investor conferences in August 2026. Senior management will attend group meetings with Emkay Global in Mumbai on August 14th and with Axis Capital in Singapore on August 18th. No UPSI will be disclosed.
Read the summary - Low impact
Max Financial Services to Host Q1 FY27 Earnings Call on August 13
Max Financial Services Limited will host an earnings conference call on August 13, 2026, at 7:00 PM IST to discuss its Q1 FY27 financial results. Senior management from MFSL and Axis Max Life Insurance Limited will participate.
Read the summary - Low impact
Max Financial Services Subsidiary Completes ₹496 Crore NCD Redemption
Axis Max Life Insurance Limited, a subsidiary of Max Financial Services Limited, has completed the redemption of ₹496 crore in Non-Convertible Debentures (NCDs). The redemption was executed at par following the exercise of a call option. Interest payment of ₹37.2 crore was also made on July 31, 2026.
Read the summary - Low impact
Max Financial Services' Subsidiary Axis Max Life Pays Interest and Redemption Amount
Axis Max Life Insurance Limited, a subsidiary of Max Financial Services, has paid the interest and redemption amount for its debentures on July 31, 2026. The payment was due on August 2, 2026, but was advanced due to it being a non-business day. The record date for the payment was July 16, 2026.
Read the summary - Low impact
Max Financial Services Dispatches Annual Report, Announces 38th AGM
Max Financial Services Limited has completed dispatching its FY2025-26 Annual Report and issued a notice for its 38th AGM. The AGM will be held virtually on August 19, 2026. Electronic voting is available from August 15 to August 18, 2026.
Read the summary - Low impact
Max Financial Services Limited Announces 38th AGM on August 19, 2026
Max Financial Services Limited will hold its 38th Annual General Meeting (AGM) on August 19, 2026. The Annual Report for FY2025-26 is available. The company's subsidiary, Axis Max Life, saw a 19% rise in new business premiums to ₹14,503 crore. MFSL is also proceeding with its amalgamation with Axis Max Life.
Read the summary - Low impact
Max Financial Services Announces 38th AGM on Aug 19, 2026; Annual Report for FY2026 Available
Max Financial Services Limited will hold its 38th AGM on August 19, 2026, via VC/OAVM. The Annual Report for FY2025-26 is available. The Register of Members and Share Transfer Books will close from August 13-19, 2026. Remote e-voting is open from August 15-18, 2026.
Read the summary - Medium impact
Max Financial Services Announces 38th AGM on August 19, 2026, Releases FY26 Annual Report
Max Financial Services Limited will hold its 38th Annual General Meeting on August 19, 2026. The company released its FY2025-26 Annual Report, detailing strong performance from subsidiary Axis Max Life Insurance. Axis Max Life reported an Embedded Value of ₹28,871 crore and a 26% growth in Value of New Business to ₹2,647 crore. MFSL's consolidated revenue was ₹47,696 crore.
Read the summary - Low impact
Max Financial Services Files Business Responsibility and Sustainability Report for FY 2025-26
Max Financial Services Limited filed its Business Responsibility and Sustainability Report for FY 2025-26 on July 27, 2026. The report covers consolidated operations of MFSL and Axis Max Life Insurance Limited. Key targets for FY26 included 95% digital penetration and 30% gender diversity, with actuals at 94.21% and 29.3% respectively.
Read the summary - Low impact
Max Financial Services Limited Announces 38th AGM on August 19, 2026
Max Financial Services Limited will hold its 38th Annual General Meeting on August 19, 2026, at 10:00 AM IST via Video Conference. The Annual Report for FY2026 and AGM notice will be shared electronically.
Read the summary - Low impact
Axis Max Life to Redeem ₹533.2 Crore Debentures on Aug 2; July 16 Record Date
Axis Max Life Insurance Limited has set July 16, 2026, as the record date for redeeming non-convertible debentures worth ₹533.2 Crore. The redemption and interest payment are scheduled for August 2, 2026. This action is part of exercising a call option on these debentures.
Read the summary - Medium impact
Max Financial Services Shareholders Approve Director Appointments and Manager Tenure Extension
Max Financial Services Limited shareholders approved the extension of Mr. V. Krishnan's tenure as Manager for two years (July 1, 2026 - June 30, 2028) with remuneration up to ₹2.30 crore annually and a ₹25 lakh special incentive. Members also approved the regularisation of Mr. Toru Nakabayashi as a Non-Executive Director. Both resolutions passed with over 98% of votes.
Read the summary - Low impact
Max Financial Services Files SEBI Compliance Certificate for Q1 FY27
Max Financial Services Limited submitted a compliance certificate for Q1 FY27 as per SEBI regulations. Registrar Mas Services confirmed dematerialization processing within 15 days for securities received between April 1 and June 30, 2026.
Read the summary - Low impact
Max Financial Services' Axis Max Life to Redeem ₹496 Crore Debentures on August 2
Axis Max Life Insurance, a subsidiary of Max Financial Services Limited, will redeem ₹496 crore worth of debentures on August 2, 2026. The redemption is in line with the issue's terms and SEBI regulations. The record date is July 16, 2026, with payment scheduled for July 31, 2026.
Read the summary - Medium impact
Max Financial Services Board Meeting on Aug 13 to Approve Q1 FY27 Results; Trading Window Closed
Max Financial Services Limited announced a Board Meeting on August 13, 2026, to approve Q1 FY27 un-audited financial results. The trading window will be closed from July 1, 2026, until August 15, 2026, for designated persons and their relatives.
Read the summary - Medium impact
Max Financial Services: Axis Max Life Allots 2.50 Crore Shares to Axis Bank
Max Financial Services' subsidiary, Axis Max Life Insurance, allotted 2.50 crore equity shares to Axis Bank on June 1, 2026. Axis Bank invested ₹380.60 crore for these shares at ₹151.90 each. Post-allotment, MFSL's stake in Axis Max Life is ~80.01%.
Read the summary - Low impact
Max Financial Services Clarifies XBRL Filing Errors for FY26 Results
Max Financial Services Limited (MFSL) clarified XBRL filing errors for its FY26 results submitted on May 12, 2026. Inadvertent errors led to quarterly results being marked as 'audited' instead of 'unaudited' and incorrect mapping of standalone EPS for continuing operations. Revised XBRL submissions have been made.
Read the summary - Low impact
Max Financial Services Files Annual Secretarial Compliance Report for FY26
Max Financial Services Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report was issued by M/s. Sanjay Grover & Associates, Company Secretaries.
Read the summary - Low impact
Max Financial Services Announces Special Window for Dematerialisation of Physical Securities
Max Financial Services announced a special window for transferring and dematerialising physical securities, following SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This initiative facilitates shareholders in converting physical securities to dematerialized form. The announcement was made on May 19, 2026.
Read the summary - Low impact
Max Financial Services publishes Audited Financial Results for FY26
Max Financial Services Limited has published its audited financial results for the quarter and financial year ended March 31, 2026. The announcement includes details on both standalone and consolidated financial performance, as published in newspaper advertisements.
Read the summary - Low impact
Max Financial Services Changes Corporate Identity Number (CIN) Effective May 12, 2026
Max Financial Services Limited's Corporate Identity Number (CIN) has changed from L24223PB1988 PLC008031 to L24223HR1988PLC145368. This follows a Regional Director's order for a change in the registered office's state. The new CIN is effective from May 12, 2026.
Read the summary - High impact
Max Financial Services FY26 Revenue ₹38,039 Cr; VNB Up 26% to ₹2,647 Cr
Max Financial Services reported FY26 consolidated revenue of ₹38,039 crore, up 17% YoY. Axis Max Life's Individual Adjusted First Year Premium grew 19% to ₹9,885 crore, with VNB increasing 26% to ₹2,647 crore. Market share rose to 10.4%. Assets Under Management reached ₹1.89 lakh crore.
Read the summary - High impact
Max Financial Services' FY26 Revenue at ₹38,039 Cr, PAT ₹106 Cr; Axis Max Life VNB Grows 26%
Max Financial Services reported 12M FY26 revenue of ₹38,039 crore (excluding investment income) and PAT of ₹106 crore. Axis Max Life's FY26 VNB grew 26% to ₹2,647 crore, with NBM at 25.2%. Individual Adjusted First Year Premium rose 19% to ₹9,885 crore. Market share increased to 10.4%.
Read the summary - Medium impact
Max Life's Embedded Value Stands at ₹28,870.5 Crore as of March 31, 2026
Axis Max Life Insurance Limited's embedded value stood at ₹28,870.5 crore as of March 31, 2026. The value of new business for FY26 was ₹2,647.1 crore. Willis Towers Watson issued the independent actuarial opinion, confirming compliance with industry standards.
Read the summary - Medium impact
Max Financial Services: Director Resignation, New Appointment, KMP Term Extension, and Internal Auditor Re-appointment
Max Financial Services Limited announced the resignation of Mr. Mitsuru Yasuda as Non-Executive Non-Independent Director from May 12, 2026. Mr. Toru Nakabayashi appointed as Additional Director from May 13, 2026. Mr. V. Krishnan's term as Manager (KMP) extended for two years from July 1, 2026. M/s MGC & KNAV Global Risk Advisory LLP re-appointed as Internal Auditors for FY27.
Read the summary - Medium impact
Max Financial Services: Director Resignation, New Appointment, Manager Extension & Auditor Re-appointment
Max Financial Services Limited's Board approved Mr. Mitsuru Yasuda's resignation as Non-Executive Director, effective May 12, 2026. Mr. Toru Nakabayashi appointed as Additional Director from May 13, 2026. Mr. V. Krishnan's term as Manager (KMP) extended by two years from July 1, 2026. M/s MGC & KNAV Global Risk Advisory LLP re-appointed as Internal Auditors for FY27.
Read the summary - Medium impact
Max Financial Services Appoints New Director, Extends KMP Term
Max Financial Services Limited announced board changes effective May 12-13, 2026. Mr. Mitsuru Yasuda resigned as Non-Executive Director, replaced by Mr. Toru Nakabayashi, nominated by MSI. Mr. V. Krishnan's term as Manager (KMP) is extended by two years from July 1, 2026, pending shareholder approval. Internal auditors MGC & KNAV Global Risk Advisory LLP were re-appointed for FY 2026-27.
Read the summary - Medium impact
Max Financial Services Appoints Toru Nakabayashi, Extends V. Krishnan's Term
Max Financial Services Limited announced the resignation of Mr. Mitsuru Yasuda as Non-Executive Non-Independent Director, effective May 12, 2026. Mr. Toru Nakabayashi has been appointed as Additional Director in the same capacity from May 13, 2026. The term of Mr. V. Krishnan as Manager (KMP) is extended for two years from July 1, 2026.
Read the summary - Medium impact
Max Financial Services Board Approves Audited FY26 Financial Results
Max Financial Services Limited's Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company received an unmodified audit opinion. The trading window will remain closed until May 14, 2026.
Read the summary - Medium impact
Max Financial Services Approves Audited FY26 Standalone & Consolidated Results
Max Financial Services Limited announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board meeting concluded on May 12, 2026. The trading window will remain closed until May 14, 2026.
Read the summary - Medium impact
Max Financial Services: Axis Max Life Appoints Subrat Mohanty as Chairman
Axis Max Life Insurance Limited has appointed Mr. Subrat Mohanty as its new Chairman of the Board. The IRDAI approved the appointment on May 11, 2026. Mr. Mohanty, a Non-Executive Director, will serve a five-year term effective May 8, 2026.
Read the summary - High impact
Max Financial Services Shareholders Approve Capital Increase, Fund Raising, and Axis Bank Deal
Max Financial Services Limited shareholders approved an increase in authorized share capital, a fundraise of up to ₹1,600 crore via equity issuance, modification of arrangements with Axis Bank regarding Axis Max Life Insurance, and a preferential allotment of equity shares by AMLI to Axis Bank for ₹389 crore.
Read the summary - Low impact
Max Financial Services Cancels Q4 FY26 Earnings Call Scheduled for May 13
Max Financial Services Limited has cancelled its Q4 FY26 earnings call, initially planned for May 13, 2026. The company reaffirmed its commitment to transparent communication and adherence to disclosure processes for future investor engagement.
Read the summary - Low impact
Max Financial Services Subsidiary Sees Director Resignation and Appointment
Axis Max Life Insurance Limited, a subsidiary of Max Financial Services Limited, has appointed Mr. Toru Nakabayashi as an Additional Director, effective May 7, 2026. This follows the resignation of Mr. Mitsuru Yasuda from the board, effective May 6, 2026. Mr. Nakabayashi brings over 20 years of insurance industry experience.
Read the summary - Low impact
Max Financial Services Dispatches Postal Ballot Notice, E-voting Begins April 11
Max Financial Services Limited has dispatched a Notice of Postal Ballot with e-voting information, published on April 11, 2026. The e-voting period runs from April 11 to May 10, 2026, for members as of April 3, 2026. Results will be declared by May 12, 2026.
Read the summary - Medium impact
Max Financial Services Seeks Shareholder Approval for Capital Increase and ₹1,600 Crore Fundraising
Max Financial Services is seeking shareholder approval via postal ballot for a capital increase and to raise up to ₹1,600 crore through equity issuance. It also seeks approval for Axis Bank to invest ₹389 crore in its subsidiary AMLI, increasing its stake to 19.99%. E-voting is open from April 11 to May 10, 2026.
Read the summary - Medium impact
Max Financial Services Board Approves ₹389 Cr Capital Infusion in AMLI, Reduces Fund Raise to ₹1,600 Cr
Max Financial Services' Board approved Axis Bank's infusion of up to ₹389 Cr in Axis Max Life Insurance, reducing the total fund raise to ₹1,600 Cr. The company also approved shifting its registered office from Punjab to Haryana, effective April 13, 2026.
Read the summary - Low impact
Max Financial Services Files Certificate under SEBI (Depositories) Regulations, 2018
Max Financial Services Limited submitted a certificate for Q4 FY26 confirming compliance with SEBI (Depositories and Participants) Regulations, 2018. Mas Services Limited, the RTA, confirmed dematerialization processing within 15 days for the period Jan 1 to Mar 31, 2026.
Read the summary
Model portfolios
Filings are the raw material. These are what SEBI-registered experts build from them.
- Stocks
All-Terrain
One equity portfolio instead of three: large, mid and small cap in a single book.
Moderate-Aggressive34 holdings3+ yearsView portfolio - Stocks
Core Compounders
Companies that have already been through a downturn and came out still growing.
Moderate20 holdings3+ yearsView portfolio - Stocks
Udaan
Fast-growing, less-covered companies still early in their runway.
Aggressive29 holdings5+ yearsView portfolio - Stocks
Bharat Rising
Built around India's own shifts: capex, household savings, energy and consumption.
Moderate-Aggressive25 holdings3+ yearsView portfolio