Max Financial Services Limited has opened the remote e-voting period for its postal ballot, scheduled from June 6 to July 5, 2026, to seek shareholder approval for the extension of Mr. V. Krishnan’s tenure as Manager and the regularization of a new director, Mr. Toru Nakabayashi. The company dispatched the notice of the postal ballot electronically on June 5, 2026, in compliance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A newspaper advertisement confirming this dispatch was published in Business Standard and Punjab Kesri on June 6, 2026, pursuant to Regulation 47 of the SEBI regulations.

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the extension of Mr. V. Krishnan’s term for two years effective July 1, 2026, to June 30, 2028. The proposed remuneration includes fixed compensation of ₹1.90 crore and variable pay of up to ₹40 lakh, effective April 1, 2026. Additionally, shareholders are asked to approve a one-time special performance incentive of ₹25 lakh for Mr. Krishnan. The company states that the remuneration is commensurate with the size and complexity of the business and industry benchmarks.

The second resolution seeks to regularize the appointment of Mr. Toru Nakabayashi, who was appointed as an Additional Director on May 13, 2026, following the resignation of Mr. Mitsuru Yasuda. Mr. Nakabayashi has been nominated by Mitsui Sumitomo Insurance Company Limited (MSI), which holds a 21.86% stake in the company. His appointment is subject to shareholder approval within three months of his initial appointment date.

The remote e-voting facility is being provided by National Securities Depository Limited (NSDL). Shareholders whose names appear in the Register of Members or the list of Beneficial Owners as on the cut-off date of May 29, 2026, are eligible to vote. The e-voting module will be active from 9:00 a.m. on June 6, 2026, until 5:00 p.m. on July 5, 2026. Physical ballot forms will not be accepted, and the notice has been dispatched electronically. Shareholders with unregistered email IDs or physical share certificates must request login credentials via email to the Registrar and Transfer Agent, M/s. Mas Services Limited.

M/s Sanjay Grover & Associates, Company Secretaries, has been appointed as the Scrutinizer for the e-voting process. The Scrutinizer will submit a report to the Chairman on or before July 7, 2026, following which the results will be announced on the company’s website and communicated to the stock exchanges. The resolutions, if passed, shall be deemed to have been passed on the last date of remote e-voting.

Key Resolutions

Remuneration Details for Mr. V. Krishnan

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE180A01020/381537b22ad445fe.pdf

max financial services witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 337,674 shares transacted at a price of ₹1650.00 per share. The total deal was valued at ₹55.72 crores, marking a sizeable single transaction in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large-volume transactions typically executed between institutional investors or significant market participants, often conducted outside the standard continuous trading mechanism to minimise market impact. The transaction in Max Financial Services reflects considerable institutional interest at the ₹1650.00 price level.