Max Financial Services Limited (MFSL) — Board Meeting(4 announcements)

Max Financial Services announced board approval of its 12M FY26 results, highlighting 17% consolidated revenue growth to ₹38,039 crore (excluding investment income), 19% YoY growth in individual adjusted first-year premium to ₹9,885 crore, and 10.4% private market share expansion to 10.4% from 9.8% in FY25. The company emphasized strong performance in protection and health products, with 53% growth in retail protection and health APE to ₹1,373 crore, and launched new products including Online Savings Plan Plus and Group Smart Health Insurance. Value of New Business reached ₹2,647 crore, up 26% YoY, driven by balanced product mix and higher volumes, while operating RoEV stood at 18.7% and solvency ratio at 194% as of March 2026.

The Board of Max Financial Services Limited approved audited standalone and consolidated financial results for Q4 and FY26 ending March 31, 2026, along with an unmodified auditor's opinion. Trading restrictions under SEBI insider regulations remain in effect until May 14, 2026. The board also approved a fund raise of up to ₹1,600 crores for subsidiary AMLI and a proposed amalgamation with Axis Bank, subject to regulatory approvals.

The Board of Max Financial Services Limited approved the resignation of Non-Executive Director Mitsuru Yasuda effective May 12, 2026, the appointment of Toru Nakabayashi as an Additional Director until the next AGM, the extension of V. Krishnan's term as Manager (KMP) for two years starting July 1, 2026 pending shareholder approval, and re-appointment of MGC & KNAV as internal auditors for 2026-27.

The board approved the resignation of Non-Executive Director Mitsuru Yasuda effective May 12, 2026, the appointment of Toru Nakabayashi as an Additional Director effective May 13, 2026, and the extension of V. Krishnan's term as Manager (KMP) for two years starting July 1, 2026, pending shareholder approval, while reappointing MGC & KNAV as auditors.