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Max Financial Services share news and announcements

NSE: MFSLBSE: 500271InsuranceMid Cap

Formerly Max India
Last close ₹1,211.30down ₹12.00 (0.98%)BSE ₹1,213.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,223.30.

52-week range of traded prices to 23 Oct 2026
₹1,197.30Low, 23 Oct 2026₹1,892.50High, 23 Feb 2026
Market cap
₹41,804 Cr180th largest listed
P/E
Earlier quarters restated in the year
P/B
7.9
Dividend yield
Nonein the last 12 months
ROCE
3.1%
Debt to equity
0.29
Volume, NSE
4,06,50255.6% delivered

Max Financial Services share news and announcements

1,185 announcements, routine notices left out, newest first. Page 23 of 24.

  1. Dec 2009

    • 23 Dec · Board meeting

      For consideration of issue of securities of the Company on preferential allotment basis.
    • 22 Dec · Board meeting

      Board of Directors of the Company in its meeting held on December 22, 2009, considered various funding options, by way of preferential issue of securities of the Company. The Board of Directors, after due deliberations, advised the management to table an updated proposal for its consideration, at a meeting proposed to be held on January 13, 2010. The Board appointed Mr.K.Narasimha Murthy and Dr. Omkar Goswami as Additional Directors of the Company effective December 22, 2009.
    • 18 Dec · Board meeting

      To consider the proposal for preferential issue of securities of the Company.
  2. Nov 2009

    • 9 Nov · Updates

      Max India Ltd had informed the Exchange regarding grant of 1,45,250 Stock Options granted to certain key employees of the Company. The Company has now informed the Exchange that the Remuneration Committee of Directors approved in its meeting held on October 30, 2009 re-scheduled the vesting dates of these Options in the following manner: (1) 50% Options will be vested to the option-holders on completion of one year of grant , i.e., September 04, 2010; and (2) 50% Options will be vested to the Option-holders on completion of three years. i.e. September 04, 2012.
  3. Oct 2009

    • 30 Oct · Results

      Standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 8300 lacs for quarter ending on 30-SEP-2009 against Rs. 10233 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 197 lacs for the quarter ending on 30-SEP-2009 against Rs. 1173 lacs for the quarter ending on 30-SEP-2008.
    • 30 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 16079 lacs for half year ending on 30-SEP-2009 against Rs. 19385 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 218 lacs for the half year ending on 30-SEP-2009 against Rs. 2534 lacs for the half year ending on 30-SEP-2008.
    • 12 Oct · Board meeting

      To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter / half year ended September 30, 2009.
  4. Sep 2009

    • 29 Sep · Meeting

      Scrutiny of the Postal Ballots received from the members of the Company was done as scheduled on September 8, 2009. The details of the outcome of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 24 Sep · Meeting

      Proceedings of the Annual General Meeting of the Company held on September 23 ,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 14 Sep · Disclosure

      Remuneration Committee of Directors of the Company on September 04, 2009 granted Stock Options under the Max Employee Stock Plan - 2003.The details of Stock Options granted as aforesaid are given below: (1) 30,000 Stock Options to certain Non Executive Directors of the Company, which entitled them one equity share of Rs. 2/- each at par for every one Option exercised and the said Options will be vested on completion of one year from the date of grant i.e. on September 4, 2010. (2) 1,45,250 Stock Options to certain key employees of the Company, which entitle them one equity share of Rs.2/- each at par for every one option exercised and the said Options will be vested on completion of three years from the date of grant , i.e. on September 4, 2012.
    • 7 Sep · Management

      Dr. S.S. Baijal, who has served on the Board of Directors of the Company for over two decades, ceased to be a non-executive director of the Company effective September 06, 2009 on completion of the age of 80 years in terms of Articles of Association of the Company. In recognition of his deep and valuable contribution to the Company's affairs over two decades and the Company's progress and success during his association, the Board of Directors of the Company conferred the title of 'Chairman Emeritus' on him effective September 07, 2009
    • 4 Sep · Meeting

      Notice of the Annual General Meeting of the Members of the Company to be held on September 23, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  5. Aug 2009

    • 27 Aug · Meeting

      Annual General Meeting of the Company will be held on September 23, 2009 and the Register of Members will be closed from September 16, 2009 to September 23, 2009 (both days inclusive) for the AGM purpose.
    • 10 Aug · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  6. Jul 2009

    • 30 Jul · Meeting

      The Company proposes to obtain approval of the Shareholders by way of Postal Ballot for the following: (1). special resolution under section 372A of the Companies Act, 1956 for providing guarantees / securities up to an amount of Rs. 500 Crores on behalf of Max Healthcare Institute Limited, a subsidiary of the Company; and (2). special resolution under section 372A of the Companies Act, 1956 for providing loans to/making investment up to an amount of Rs. 150 Crores in Max Healthcare Institute Limited, a subsidiary of the Company. The results of the Postal Ballot will be declared at the ensuing Annual General Meeting of the Company scheduled to be held on September 23, 2009.
    • 30 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 7779 lacs for quarter ending on 30-JUN-2009 against Rs. 9152 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 21 lacs for the quarter ending on 30-JUN-2009 against Rs. 1361 lacs for the quarter ending on 30-JUN-2008.
    • 29 Jul · Meeting

      Proceedings of the Extraordinary General Meeting of the Company held on July 28, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 17 Jul · Board meeting

      To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter ended June 30, 2009.
    • 6 Jul · Meeting

      Notice of an Extra Ordinary General Meeting of the Company to be held on July 28, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 1 Jul · Board meeting

      Board of Directors of the Company in its meeting held on July 01, 2009 approved the issuance of equity shares or any such instruments/securities to Qualified Institutional Buyers (QIBs) under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, in one or more tranches, for an aggregate amount of up to Rs.450,00,00,000/- (Rupees Four hundred and fifty Crores only), subject to the approval of shareholders. The Board has decided to convene an Extraordinary General meeting of the Shareholders of the Company on July 28, 2009 seeking their approval for the aforesaid purpose. Further, the Board has rescinded its earlier decision taken on February 03, 2009 for issuance of equity shares up to an amount of Rs. 650 Crores, on Rights basis with detachable warrants.
  7. Jun 2009

    • 30 Jun · Board meeting

      To consider the proposal to issue equity shares or any such instruments / securities to Qualified Institutional Buyers under the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.
    • 26 Jun · Results

      Standalone Results for the quarter ended on 31-MAR-2009 as follows: Net Sales of Rs. 8168 lacs for quarter ending on 31-MAR-2009 against Rs. 8643 lacs for the quarter ending on 31-MAR-2008. Net Profit / (Loss) of Rs. (676) lacs for the quarter ending on 31-MAR-2009 against Rs. 2022 lacs for the quarter ending on 31-MAR-2008.
    • 26 Jun · Results

      Standalone Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 35375 lacs for year ending on 31-MAR-2009 against Rs. 28430 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 2184 lacs for the year ending on 31-MAR-2009 against Rs. 6190 lacs for the year ending on 31-MAR-2008.
    • 26 Jun · Results

      Consolidated Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 450768 lacs for year ending on 31-MAR-2009 against Rs. 324405 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. (21838) lacs for the year ending on 31-MAR-2009 against Rs. (4890) lacs for the year ending on 31-MAR-2008.
    • 22 Jun · Allotment of Equity Shares

      The Committee of Directors of the Company in its meeting held on June 19, 2009 allotted 10,326,311 equity shares of Rs.2/- each of the Company at a premium of Rs.143.26 per share aggregating to Rs.150 Crores to M/s International Finance Corporation, Washington, USA, on preferential basis
    • 15 Jun · Board meeting

      To consider and approve the Audited Annual Accounts of the Company and consolidated annual financial results of the Company and its subsidiaries for the year ended March 31, 2009. The said meeting shall also take on record the financial results of the Company for the quarter ended March 31, 2009.
    • 15 Jun · Meeting

      Proceedings of Extraordinary General Meeting of the Company held on June 12, 2009 that the meeting unanimously passed the resolution for issue and allotment of 10,326,311 Equity Shares of Rs. 2/- each at a premium of Rs. 143.26 per equity share aggregating to Rs. 1500 million to International Finance Corporation, Washington, USA and authorised the Board/Committee of Directors to take all requisite steps for the said purpose.
    • 11 Jun · Meeting

      Notice of the Extraordinary General Meeting of the members of the Company to be held on June 12, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  8. May 2009

    • 15 May · Meeting

      Vide its letter dated May 15, 2009 that "the Board of Directors of the Company in its meeting held today, approved the following(1) the issuance 10,326,311 equity shares of Rs 2/- each at a premium of Rs 143.26 per equity share, aggregating to Rs. 150 Crores to International Finance Corporation, Washington USA; and (2)convene an Extra-ordinary General Meeting of the Shareholders of the Company on Friday, June 12, 2009 seeking their approval for the aforesaid purpose."
    • 13 May · Board meeting

      For Consideration of a proposal for issue of equity shares of the Company, to International Finance Corporation, USA., for an amount not exceeding Rs.150 crores, on preferential allotment basis.
  9. Apr 2009

    • 24 Apr · Management

      Board of Directors of the Company in its meeting held on April 23, 2009 has appointed Mr. Anuroop (Tony) Singh as the Non-Executive Vice Chairman of the Company, with effect from April 23, 2009.
    • 6 Apr · Results

      The Company proposes to publish the audited financial results for the year/last quarter ended March 31, 2009 on or before June 30, 2009. Hence, it will not publish the unaudited results for the quarter ended March 31, 2009, as provided in Clause 41 of the Listing Agreement.
    • 6 Apr · Management

      Mr. Bharat Sahgal, a non-executive director resigned from the Board of Directors of the Company effective March 31, 2009.
  10. Feb 2009

    • 16 Feb · Disclosure

      With reference to the disclosure made on February 13, 2009 in respect of the details of shares pledged by the Promoter Group of the company. In this regard, Company would like to state that while the quantum of shares pledged by the promoter group as on February 13, 2009, i.e. 24.81% of the paid-up share capital was depicted correctly, the information given in the prescribed format depicts that the pledges were created on that date, while the transactions took place over a period of time. Further company has submitted a copy of Regulation 8A(4) of SEBI (SAST) Regulation 1997. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 13 Feb · Disclosure

      Shares pledged by the Promoters group of the company aggregating to 55089000 equity shares of Rs.2/- each constituting 24.81% of the paid up capital of the company, in terms of Regulation 8(A) of SEBI (SAST) Regulations,1997 as disclosed by the promoters group on February 05, 2009. The promoters have informed that the shares were pledged to secure a borrowing of Rs.256 crores. The borrowings were utilized for (i) increasing promoter's stake in Max India. (ii) investment in shares of a reputed listed company and (iii) investment in high category real estate in Delhi. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 3 Feb · Corporate action

      Board of Directors of the Company in its meeting held earlier in the day i.e. on February 03, 2009 has approved rights issue, in the following manner : (i) Issuance of such number of equity shares of the Company of the face value of Rs. 2/- (Rupees two only) each for cash for an amount not exceeding Rs. 650 crores at such issue price, ratio and upon such other terms as may be subsequently decided by the Board/Committee of Directors of the Company, to the shareholders of the Company on a Record Date to be specified for that purpose; and (ii) Issuance of such number of detachable warrants, with each warrant convertible into equity share(s) of Rs. 2/- (Rupees two only) each attached to equity shares as in (i) above, at such issue price, ratio and upon such other terms as may be subsequently decided by the Board/ Committee of Directors of the Company. Further, the Board has constituted a committee of Directors to take all necessary actions as it may deem necessary for implementation of the proposed Rights issue.
  11. Jan 2009

    • 30 Jan · Board meeting

      To, inter-alia consider fund raising proposal for the Company, including issuance of securities on Right basis, to its shareholders.
    • 28 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 7822 lacs for quarter ending on 31-DEC-2008 against Rs. 7749 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 326 lacs for the quarter ending on 31-DEC-2008 against Rs. 2095 lacs for the quarter ending on 31-DEC-2007.
    • 22 Jan · Grant of Stock Options

      The Remuneration Committee of Directors of the Company on January 09, 2009 granted 6060 Stock Options to Mr. Mohit Talwar, Director - Business Development under the Max Employee Stock Plan - 2003. The said Options entitle one equity share of Rs. 2/- each at par for every one Option exercised and the said Options will be vested on January 09, 2010, i.e. one year from the date of grant
    • 12 Jan · Board meeting

      To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter ended December 31, 2008.
    • 7 Jan · Allotment of Equity Shares

      The Allotment Committee of Directors of the Company on December 31, 2008 allotted 7590 equity shares of Rs. 2/- each of the Company for cash at par arising from the exercise of Stock Options in the ratio of one equity share for every Option, to Mr. Neeraj Basur under the 'Max Employee Stock Plan - 2003' of the Company
  12. Dec 2008

    • 15 Dec · Board meeting

      Vide its letter dated December 12, 2008 that the Board of Directors of the Company in its meeting held today, discussed various fund raising options and decided to review the matter at a subsequent meeting. Further, the Board appointed Mr. Aman Mehta as an Additional Director effective today.
    • 10 Dec · Board meeting

      To, inter-alia, consider various fund raising proposals of the Company, including issuance of equity shares on Rights basis, to its shareholders.
  13. Nov 2008

    • 21 Nov · Updates

      The Remuneration Committee of Directors of the Company on November 19, 2008 granted 60,260 Stock Options to Mr. C.V. Raghu, Director - Legal & Regulatory Affairs, under the Max Employee Stock Plan - 2003. The said Options entitle one equity share of Rs. 2/- each at par for every one Option exercised and the said Options will be vested in a graded manner from November 19, 2009
  14. Oct 2008

    • 22 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 19385 lacs for half year ending on 30-SEP-2008 against Rs. 12038 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 2534 lacs for the half year ending on 30-SEP-2008 against Rs. 2073 lacs for the half year ending on 30-SEP-2007.
    • 22 Oct · Results

      Standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 10233 lacs for quarter ending on 30-SEP-2008 against Rs. 7212 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 1173 lacs for the quarter ending on 30-SEP-2008 against Rs. 1692 lacs for the quarter ending on 30-SEP-2007.
    • 22 Oct · Management

      Vide its letter dated October 22, 2008 that the Board has appointed Mr. S.K. Bijlani as an Additional Director on the Board of Directors of the Company effective today.
    • 3 Oct · Board meeting

      To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter/half year ended September 30, 2008.
  15. Sep 2008

    • 17 Sep · Meeting

      Proceedings of the Annual General Meeting of the Company held on September 16, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  16. Aug 2008

    • 4 Aug · Meeting

      Annual General Meeting of the Company will be held on September 16, 2008. Further the Register of Members will be closed from September 08, 2008 to September 16, 2008 (both days inclusive).