Max Financial Services seeks shareholder approval via postal ballot to raise up to ₹1,600 crore through equity issuance to fund subsidiary Axis Max Life.
Proposes increasing authorized share capital from ₹70 crore to ₹75 crore to accommodate new share issuance and potential future requirements.
Seeks approval for Axis Bank to subscribe to additional 0.98% stake in Axis Max Life for ₹389 crore via preferential allotment.
E-voting period runs from April 11 to May 10, 2026, with results to be declared by May 12, 2026.