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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 24 of 24.

  1. Jul 2008

    • 21 Jul · Updates

      Max India Limited ("Max") has restructured its joint venture arrangements with New York Life International, LLC ("NYLI"), by executing an amended and restated joint venture agreement ("Amendment JVA") on July 15, 2008 amending the existing joint venture agreement dated November 3, 1999, as amended by Amendment No. 1 dated April 21, 2000 and Amendment No.2 dated May 20, 2003 ("Original JVA") in respect of Max New York Life Insurance Company Limited ("MNYL"). The Original JVA has been replaced and substituted by the Amended JVA. In terms of the Amended JVA, NYLI has the right to increase its shareholding in MNYL, if permitted by applicable laws, by upto 24% of the issued and paid up capital of MNYL ("Option"). The said Option is available to NYLI for a period of 8 years from the date of the Amended JVA and priced on a fair market value based formula less discount of 10%, as against an earlier preferential formula
    • 18 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 9152 lacs for quarter ending on 30-JUN-2008 against Rs. 4826 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 1361 lacs for the quarter ending on 30-JUN-2008 against Rs. 381 lacs for the quarter ending on 30-JUN-2007.
    • 11 Jul · Board meeting

      Vide its letter dated July 11, 2008, that: "The Board of Directors of the Company in its meeting held earlier in the day, approved the joint venture arrangement with BUPA Finance Plc., UK for setting up a health insurance company (JV), in India, with 50% equity participation by Max India Limited. The initial share capital of the JV will be Rs.100 crores. Bupa group will have a 26% shareholding in the JV while the balance 24% will be held by Mr. Analjit Singh and his family through certain intermediate companies".
    • 10 Jul · Board meeting

      To consider and approve the joint venture arrangement with BUPA Finance Plc., UK for setting up a health insurance company with 50% equity participation by Max India Limited.
    • 3 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, 2008.
  2. May 2008

    • 22 May · Management

      Board of Directors at their meeting held on May 17, 2008. (1) The Board decided to deploy the internal accruals in its growing business of Life Insurance and Healthcare and hence did not recommend any dividend. (2) Resignation of Mr. B. Anantharaman Jt. Managing Director: Mr. B. Anantharaman, Jt Managing Director tendered on May 17, 2008 his resignation from the services of the Company to pursue alternate career aspirations. The Board accepted his resignation which will be effective from June 30, 2008. (3) Co-option of Mr. Leo Puri as a Non Executive Director of the Company effective May 17, 2008.
    • 8 May · Board meeting

      To consider and approve the Audited Annual Accounts of the Company for the year ended March 31, 2008. The said meeting shall also take on record the financial results for the quarter ended March 31, 2008.
    • 6 May · Allotment of Equity Shares

      Max India Ltd had informed the Exchange regarding vesting of 2,80,175 Stock Options to Mr. B. Anantharaman, Jt. Managing Director of the Company. The Company has now informed the Exchange that the Allotment Committee of the Company has allotted 2,80,175 equity shares of Rs.2/- each of the Company for cash at par, arising from the exercise of options in the ratio of one equity share for every Option, to him on May 05, 2008.
    • 6 May · Updates

      The Remuneration Committee of Directors approved the preponement of vesting date to May 5, 2008 instead of June 19, 2008 in respect of 2,80,175 Stock Options entitling Mr. Anantharaman 2,80,175 equity shares of Rs.2/- each
  3. Apr 2008

    • 2 Apr · Results

      The Company proposes to publish the audited financial results for the year / last quarter ended March 31, 2008 on or before June 30, 2008. Hence, it will not publish the unaudited results for the quarter ended March 31, 2008.
  4. Feb 2008

    • 8 Feb · Allotment of Equity Shares

      Vide its letter dated February 07, 2008, that: "The Allotment Committee of Directors of the Company today allotted 7580 equity shares of Rs.2/- each of the Company for cash at par arising from the exercise of Options in the ratio of one equity share for every Option, to Mr. Neeraj Basur, Vice President - Corporate Finance under the 'Max Employee Stock Plan - 2003' of the Company".
  5. Jan 2008

    • 28 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 7749 lacs for quarter ending on 31-DEC-2007 against Rs. 4562 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 2095 lacs for the quarter ending on 31-DEC-2007 against Rs. 385 lacs for the quarter ending on 31-DEC-2006.
    • 15 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, 2007.
  6. Oct 2007

    • 29 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 12038 lacs for half year ending on 30-SEP-2007 against Rs. 7111 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 2073 lacs for the half year ending on 30-SEP-2007 against Rs. 1420 lacs for the half year ending on 30-SEP-2006.
    • 16 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, 2007.
  7. Sep 2007

    • 24 Sep · Allotment of Equity Shares

      Vide its letter dated September 22, 2007 that: "the Allotment Committee of Directors of the Company allotted 1,66,250 equity shares of Rs. 2/- each of the Company for cash at par to Mr. B Anantharaman, Jt. Managing Director on September 22, 2007, arising from the exercise of Options in the ratio of one equity share for every Option, under the 'Max Employee Stock Plan-2003' of the Company".
    • 17 Sep · Meeting

      Proceedings of the Annual General Meeting of the Company held on September 14, 2007. 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. Aug 2007

    • 6 Aug · Meeting

      Annual General Meeting will be held on September 14, 2007 and the Register of Members will be closed from September 07, 2007 to September 14, 2007 (both days inclusive).
  9. Jul 2007

    • 31 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 4826 lacs for quarter ending on 30-JUN-2007 against Rs. 3156 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. 381 lacs for the quarter ending on 30-JUN-2007 against Rs. 1000 lacs for the quarter ending on 30-JUN-2006.
    • 20 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, 2007.
  10. Jun 2007

    • 15 Jun · Board meeting

      For allotment of equity shares to Qualified Institutional Buyers under Chapter XIII-A of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.
    • 11 Jun · Miscellaneous

      Placement of Equity Shares of the Company under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection Guidelines), 2000 (the "SEBI Guidelines"), that the Company has done the pricing and allocation for the issue of 41,666,660 Equity Shares of Rs.2/- each at a price of Rs 240/- per share".
  11. May 2007

    • 18 May · Board meeting

      Board of Directors at its meeting held on May 17, 2007 has decided to deploy the internal accruals in its growing businesses of Life Insurance and Healthcare and hence did not recommend any dividend.
    • 3 May · Board meeting

      To consider and approve the Audited Annual Accounts of the Company for the year ended March 31, 2007. The said meeting shall also take on record the financial results for the quarter ended March 31, 2007.
  12. Apr 2007

    • 16 Apr · Results

      The Company proposes to publish the audited financial results for the year/last quarter ended March 31, 2007 on or before June 30, 2007. Hence, it will not publish the unaudited results for the quarter ended March 31, 2007
  13. Mar 2007

    • 26 Mar · Meeting

      Proceedings of the Extra-ordinary General Meeting of the Company held on March 23, 2007. The 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.
    • 7 Mar · Miscellaneous

      Letter mailed to the Shareholders of the Company. 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.
    • 7 Mar · Meeting

      Notice for convening an Extraordinary General Meeting of the Company scheduled to be held on March 23, 2007. The 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. Feb 2007

    • 27 Feb · Corporate action

      February 27, 2007 that: "The Committee of Directors in its meeting held earlier in the day had fixed Monday, March 19, 2007, as the 'Record Date' for determining entitlement for sub-division of the face value of the Equity Shares of the Company from Rs.10/- per share to Rs.2/- per share".
    • 27 Feb · Meeting

      Proceedings of the Extra-ordinary General Meeting of the Company held on February 26,2007. The details 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.
    • 22 Feb · Board meeting

      February 22, 2007 that: "The Board of Directors in its meeting held earlier in the day has approved the following: (i) issue of equity shares or any such instruments/securities to Qualified Institutional Buyers under Chapter XIII-A of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, in one or more tranches, for an aggregate amount of up to Rs. 1,000,00,00,000/- (Rupees One thousand Crore only), subject to approval of shareholders; (ii) allow Foreign Institutional Investors (FIIs) to hold shares/securities of the Company up to 49% of its total paid-up capital, subject to approval of the shareholders; and (iii) convene an Extra-ordinary General Meeting of the Shareholders of the Company on Friday, March 23, 2007 seeking their approval for the aforesaid purposes".
    • 21 Feb · Board meeting

      To consider and approve the proposal to issue equity shares or any such instruments/securities to Qualified Institutional Buyers under Chapter XIII-A of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.
    • 2 Feb · Meeting

      Notice in regard to Extra-Ordinary General Meeting of the members of the Company to be held on February 26th, 2007. The 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.
  15. Jan 2007

    • 24 Jan · Corporate action

      Board of Directors in its meeting held on January 24, 2007 recommended sub-division of each fully paid Equity Share of the Company, having a present face value of Rs. 10/- each into 5 (Five) fully paid Equity Shares of the face value of Rs.2/- (Rupees Two) each, subject to approval of Members at an Extra-ordinary General Meeting of the Company being convened on February 26, 2007. Further, the Board accepted the resignation of Mr. Nitin Sibal, a non-executive Director nominated by Warburg Pincus group on the Board of Directors of the Company effective January 24, 2007.
    • 11 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, 2006.