Max Financial Services has informed the stock exchanges that the earnings conference call for Q4 FY26, originally scheduled for Wednesday, May 13, 2026, at 9:00 a.m. IST, will not be held as previously announced. The update was filed under Regulation 30, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary and Compliance Officer Siddhi Suneja on May 10, 2026.

Cancellation of Q4 FY26 Earnings Call

The company had initially intimated the exchanges on May 04, 2026, regarding the earnings call for the quarter ended March 31, 2026. The latest communication supersedes that earlier disclosure, confirming that the call will not proceed as indicated. Max Financial Services stated that it remains committed to fair and transparent communication and will continue to follow due disclosure processes for further investor and analyst engagement.

About Max Financial Services

Max Financial Services Limited, a part of the US$ 6 billion Max Group, is the parent company of Axis Max Life Insurance Limited (AMLI). The company owns and actively manages an 80.98% majority stake in AMLI, making it India's first listed company focused exclusively on life insurance. AMLI operates as a joint venture with Axis Bank, India's third-largest private sector bank. The company's corporate office is located at Max Towers, Sector-16B, Noida, with its registered office in Gurugram, Haryana.

Max Financial Services Limited has announced a comprehensive postal ballot process to seek shareholder approval for several strategic corporate actions, as outlined in a notice dated April 9, 2026, and submitted to stock exchanges on April 10, 2026.

Key Resolutions for Shareholder Approval

The postal ballot encompasses four critical resolutions that will shape the company's capital structure and strategic partnerships. The remote e-voting facility, provided by National Securities Depository Limited, will be available from April 11, 2026, at 9:00 a.m. to May 10, 2026, at 5:00 p.m.

Authorized Share Capital Enhancement

The first resolution proposes increasing the company's authorized share capital from ₹70,00,00,000 (Rupees Seventy Crores only) divided into 35,00,00,000 equity shares to ₹75,00,00,000 (Rupees Seventy Five Crores only) divided into 37,50,00,000 equity shares. Each share maintains a face value of ₹2 (Rupees Two only), with the increase creating an additional 2,50,00,000 equity shares.

Strategic Fund Raising Initiative

The second resolution seeks approval for raising funds up to ₹1,600 Crores (Rupees One Thousand Six Hundred Crores Only) through various instruments including equity shares and other eligible securities. The fund raising may be executed through qualified institutional placement or other permitted methods under applicable laws.

Fund Utilization Objectives

The primary purpose of the fund raise includes:

• Investment in material subsidiary Axis Max Life Insurance Limited for capital augmentation and business growth support
• General corporate purposes as permissible under applicable laws

The Board of Directors, in consultation with lead managers and advisors, will determine the specific terms, timing, and structure of the issuance. For qualified institutional placements exceeding ₹100 crores, a SEBI-registered credit rating agency will monitor fund utilization on a quarterly basis.

Axis Bank Partnership Modifications

The third resolution proposes partial modification of the September 27, 2023 resolution regarding arrangements with Axis Bank and its subsidiaries. Under the revised terms, Axis Bank Limited may subscribe to up to 2,50,56,200 equity shares of ₹10 each in Axis Max Life Insurance Limited, constituting 0.98% of AMLI's equity share capital for ₹389 Crores (Rupees Three Hundred and Eighty Nine Crores).

Related Party Transaction Approval

The fourth resolution addresses the material related party transaction between AMLI and Axis Bank Limited for the equity subscription. The transaction requires shareholder approval as it exceeds the materiality threshold under SEBI LODR Regulations, with the aggregate value of transactions with Axis Bank during financial year 2025-26 surpassing ₹1,892 crores.

The Audit Committee and Board of Directors have confirmed that this transaction is conducted in the ordinary course of business and at arm's length pricing, supporting AMLI's funding requirements and growth initiatives.

Voting Process and Timeline

Shareholders registered as of the cut-off date of April 3, 2026, are eligible to participate in the remote e-voting process. The company has engaged M/s Sanjay Grover & Associates, Company Secretaries, as the scrutinizer to ensure fair and transparent voting.

The results will be announced by May 12, 2026, and communicated to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed. All approved resolutions will be deemed passed on the last date of remote e-voting, May 10, 2026.