Max Financial Services , a key player in the Indian financial services sector, recently executed a significant block trade on the National Stock Exchange (NSE). The transaction, which took place at a price of Rs. 1,526.00 per share, involved approximately 372,258 shares and amounted to a total value of Rs. 56.81 crores.

Transaction Details

To provide a clear overview of the block trade, here's a breakdown of the key details:

Market Implications

Block trades of this magnitude often attract attention from market participants and analysts. These large-scale transactions can sometimes indicate significant changes in institutional holdings or strategic moves by major investors. However, it's important to note that the specific reasons behind this block trade and the parties involved have not been disclosed in the available information.

About Max Financial Services

Max Financial Services is a prominent entity in the Indian financial landscape. The company's stock, traded under the ISIN code INE180A01020, is closely watched by investors interested in the financial services sector. While this block trade represents a notable transaction, investors and market observers will likely be keen to see if it leads to any discernible impact on the company's stock price or trading patterns in the coming days.

As always, investors are advised to conduct their own research and consider multiple factors when making investment decisions based on market events such as this block trade.

Max Financial Services Limited (MFSL) has announced a significant change in the board composition of its material subsidiary, Axis Max Life Insurance. The company has appointed Ms. Rajkamal Vempati as an additional director in a non-executive capacity, effective October 1, 2025.

Board Appointment Details

Ms. Vempati's appointment comes as a nomination from Axis Bank, replacing Mr. Arjun Chowdhry, whose nomination withdrawal and resignation were disclosed on September 2, 2025. She will hold office until the next Annual General Meeting of Axis Max Life Insurance, where her appointment is expected to be regularized by the shareholders.

Professional Background

Ms. Rajkamal Vempati brings a wealth of experience to her new role:

• Currently serves as Group Executive & Head of Human Resources at Axis Bank
• Member of the Management Committee at Axis Bank
• Co-chairperson of the FICCI HR Committee
• Previously headed Human Resources for ICICI Lombard General Insurance Company

Educational Qualifications

• Science degree from Himachal Pradesh University
• MBA from XLRI Jamshedpur
• Honored with Honoris Causa, Doctor of Philosophy (Ph.D.) by Manav Rachna International Institute of Research and Studies

Career Highlights

Ms. Vempati is known for her passion in sustaining a human workplace and creating an inclusive culture. Under her leadership, Axis Bank has been recognized as an employer of choice for its Diversity, Equity & Inclusion efforts. The bank's Giga Opportunities program has also received widespread acclaim.

Previous Experience

• Consultant at Hewitt Associates
• Part of the HR Leadership Program at GE Capital
• Diverse roles at ICICI Prudential Life Insurance

The appointment of Ms. Vempati aligns with the agreements between Max Financial Services Limited, Axis Max Life Insurance, and Axis Bank Limited. This strategic move is expected to bring fresh perspectives to the board of Axis Max Life Insurance, leveraging Ms. Vempati's extensive experience in human resources and organizational leadership.

Max Financial Services Limited has confirmed that Ms. Vempati is not debarred from holding the office of Director by any SEBI order or any other authority. The company looks forward to benefiting from her expertise as it continues to strengthen its position in the insurance sector.