Max Financial Services Limited has announced that its material subsidiary, Axis Max Life Insurance Limited, will relocate its registered office from Punjab to Haryana. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming February 16, 2026 as the effective date for the office shift.

Office Relocation Details

The registered office relocation involves a complete interstate move from the current Punjab location to a new facility in Haryana. The transition represents a significant operational change for the insurance subsidiary.

Board Approval and Regulatory Compliance

The Board of Directors of Axis Max Life Insurance Limited convened a meeting on February 10, 2026, which was subsequently adjourned and reconvened on February 11, 2026. During this meeting, the directors noted the order from the Regional Director (Northern Region), Ministry of Corporate Affairs, New Delhi dated January 27, 2026, which approved the shifting of the registered office from Punjab state to Haryana state.

Previous Disclosures and Timeline

This announcement follows earlier disclosures made by the company on August 07, 2025 and February 3, 2026, indicating that the relocation process has been in planning stages for several months. The systematic approach demonstrates the company's commitment to regulatory compliance and transparent communication with stakeholders.

Corporate Structure Context

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Co. Ltd., operates as a material subsidiary of Max Financial Services Limited. The insurance company is registered with IRDAI under registration number 104 and holds Corporate Identity Number U74899P82000PLC045626. The parent company, Max Financial Services Limited, maintains its corporate office in Noida while its registered office remains in Punjab.

The relocation to Gurugram positions the subsidiary in one of India's major financial hubs, potentially enhancing operational efficiency and business connectivity. The new address in Sector-18, Urban Estate, Gurugram represents a strategic move to a well-developed commercial area in Haryana.

Max Financial Services Limited has announced its 9M FY26 financial results, reporting consolidated revenue excluding investment income of ₹24,625 crores, representing an 18% year-on-year growth. The company had previously scheduled an earnings conference call for February 12, 2026, to discuss these results with investors and analysts.

Strong Financial Performance

The company's subsidiary, Axis Max Life Insurance Limited, delivered robust performance across key metrics during the nine-month period:

Market Leadership and Growth

Axis Max Life continued to outperform the private life insurance industry, with its private market share increasing by 53 basis points to 9.8%. The company achieved Individual Adjusted First Year Premium growth of 20% YoY, reaching ₹6,396 crores, positioning it as one of the fastest-growing life insurers among the top ten players.

The Value of New Business, a key profitability measure, grew by 30% YoY to ₹1,633 crores, aided by improvements in product mix. New Business Margins improved to 23.6% in 9M FY26, up from 21.9% in the corresponding period last year.

Operational Highlights

Key operational achievements during the period include:

Management Commentary

Sumit Madan, Managing Director and Chief Executive Officer of Axis Max Life, highlighted the company's strategic execution: "Axis Max Life's 9M FY'26 performance reflects the strength of a well-defined strategy executed with discipline and consistency. We delivered sustained double-digit growth outpacing the private life insurance industry, emerging as the fastest-growing player among the top ten insurers."

Conference Call Details

The previously announced earnings conference call remains scheduled for February 12, 2026, at 9:00 AM IST. The virtual meeting will feature senior management teams from both Max Financial Services Limited and Axis Max Life Insurance Limited, with comprehensive dial-in facilities available for domestic and international participants.

The consolidated revenue including investment income stands at ₹36,891 crores, with consolidated Profit after Tax at ₹137 crores in 9M FY26. Max Financial Services Limited operates as the holding company for Axis Max Life Insurance Limited, maintaining an 80.98% majority stake in the subsidiary.