Max Financial Services Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission was made on April 6, 2026, covering the quarter ended March 31, 2026.

Regulatory Compliance Details

The certificate was submitted pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary & Compliance Officer Siddhi Suneja forwarded the confirmation certificate to both BSE Limited and National Stock Exchange of India Limited.

Certificate Confirmation

Mas Services Limited, serving as the Registrar and Share Transfer Agent, provided the confirmation certificate dated April 2, 2026. The certificate confirms compliance with key regulatory requirements for the period from January 1, 2026 to March 31, 2026.

The registrar confirmed that all securities received from Depository Participants for dematerialization during this period were processed within the mandated 15-day timeframe. This includes:

• Confirmation of securities to depositories within 15 days of receipt
• Proper mutilation and cancellation of security certificates after verification
• Substitution of depository names in the register of members within 15 days
• Timely updates to depositories and stock exchanges
• Maintenance of updated register of members

Corporate Information

Max Financial Services Limited operates with its corporate office located at L20M(21), Max Towers, Plot No. C-001/A/1, Sector-16B, Noida-201301. The company's registered office is situated at Bhai Mohan Singh Nagar, Village Railmajra, Tehsil Balachaur, Dist. Nawanshahr, Punjab-144533.

The submission demonstrates the company's commitment to maintaining regulatory compliance and ensuring transparent communication with stakeholders and regulatory authorities.

Max Financial Services Limited has announced a key board change at its material subsidiary Axis Max Life Insurance Limited, appointing a new Independent Director as part of its governance structure.

Director Appointment Details

The Board of Directors of Axis Max Life Insurance Limited approved the appointment of Mr. Sanjay Vij (DIN: 09460669) as an Additional Director in the Independent category during their meeting held on April 2, 2026. The appointment details are structured as follows:

Leadership Transition

Mr. Vij's appointment comes as Mr. Rajesh Khanna (DIN: 00032562) retires from his position as Independent Director of Axis Max Life Insurance. Mr. Khanna will complete his tenure at the end of April 5, 2026, as previously communicated to the exchange on February 12, 2026.

Professional Background

Mr. Sanjay Vij brings substantial experience from the life insurance sector to his new role. His career highlights include:

• Digit Life: Served as Deputy CEO
• Exide Life: Held position of Executive Director and Principal Officer
• HDFC Life: Worked from 2001 to 2021 in various capacities, with his final role being Group Head - Bancassurance and Chief Values Officer

Prior to his insurance career, Mr. Vij gained experience across multiple industries with companies including HCL Limited, Blue Star, Core Parenterals Ltd., Span Medicals Limited, and Birla AT&T Communications Limited.

Educational Qualifications

Mr. Vij holds strong academic credentials that complement his professional experience:

• Bachelor's Degree in Science from Gujarat Agriculture University
• Master's Degree in Business Administration from the Faculty of Management Studies, MS University of Baroda

Regulatory Compliance

The appointment has been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Max Financial Services has confirmed that Mr. Vij is not debarred from holding the office of Director by SEBI or any other regulatory authority. The disclosure was filed under Regulation 30 of SEBI LODR for the parent company and Regulation 51 for the subsidiary.

The appointment will be subject to regularization by shareholders at Axis Max Life Insurance's upcoming Annual General Meeting, following standard corporate governance procedures.