Max Financial Services Limited conducted its 38th Annual General Meeting on Wednesday, August 19, 2026, through Video Conferencing from 10:00 A.M. to 10:59 A.M. IST. The meeting was chaired by Mr. Analjit Singh, Chairman of the Company, who introduced other Directors and Key Managerial Personnel present.

Meeting Conduct and Attendance

The AGM was conducted through Video Conferencing/Other Audio Visual Means without physical presence of members, in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The respective Chairpersons of the Audit Committee and Stakeholders' Relationship Committee were present. The Chairperson of Nomination and Remuneration Committee was unable to attend and had authorized Mr. Analjit Singh to address queries relating to committee matters.

Voting Process

Remote e-voting was provided to members from 9:00 am IST on Saturday, August 15, 2026, to 5:00 pm IST on Tuesday, August 18, 2026. Members present at the AGM through VC/OAVM who had not participated in remote e-voting were provided the facility to cast votes through e-voting at the AGM. The e-voting window remained open for 15 minutes after the conclusion of the meeting.

Business Transacted

The following items of Ordinary and Special Business were transacted as per the Notice of the AGM:

Ordinary Business:

  • Item 1: Receipt, consideration, and adoption of audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors
  • Item 2: Receipt, consideration, and adoption of audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with Report of the Auditors

Special Business:

  • Item 4: Approval for payment of remuneration to Mr. Jai Arya, an Independent Director of the Company
  • Item 5: Approval for payment of remuneration to Sir Richard Stagg, an Independent Director of the Company

Chairman's Address and Communications

The Chairman addressed shareholders and briefed them on business operations and other initiatives of the Company. Members were given opportunity to ask questions/seek clarifications on agenda items, and queries from registered speakers were responded to.

The results of voting will be announced within two working days from the conclusion of the AGM. Results will be displayed at the Registered Office of the Company, placed on the Company's website (www.maxfinancialservices.com), and the website of NSDL. Communication will also be sent to BSE Limited and National Stock Exchange of India Limited.

The Chairman expressed gratitude to all stakeholders, regulatory authorities, investors, employees, management, and the Board for their support and confidence in the Company.