Max Financial Services Limited (MFSL) — Announcement

1 Announcement Neutral 📄 PDF

📢 Key Event
MFSL updates CIN after change in registered office state

💡 Investor Takeaway
Shareholders should note the CIN update reflects a procedural change with no direct impact on financial performance or operations.

Max Financial Services Limited announced that its Corporate Identity Number has been updated from L24223PB1988PLC008031 to L24223HR1988PLC145368 following a change in the state of its registered office, as confirmed by a Regional Director's certificate dated May 12, 2026 and received on May 13, 2026 at 10:22 hrs IST.

2 Announcement Neutral 📄 PDF

📢 Key Event
Axis Max Life reports 19% YoY growth in Individual Adjusted First Year Premium in FY'26

🔄 What Changed
19% YoY growth in Individual Adjusted First Year Premium; 26% YoY growth in Value of New Business; 17% YoY growth in consolidated revenue excluding investment income

💡 Investor Takeaway
Shareholders see strong growth in core insurance metrics with improved profitability and market share expansion.

⚠️ Risks
Solvency ratio declined to 194% from 201% (700 bps decrease)

Max Financial Services Limited announced a press release highlighting Axis Max Life's FY'26 results, showing 19% YoY growth in Individual Adjusted First Year Premium, 26% YoY increase in Value of New Business, and 17% growth in consolidated revenue excluding investment income, reaching ₹38,039 crores. The company also reported 17% YoY growth in Gross Written Premium to ₹38,877 crores and improved new business margins to 25.2%.

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