Max Financial Services Ltd Approves Share Capital Infusion and Registered Office Shift
Max Financial Services Ltd announced key corporate decisions regarding its subsidiary and its registered office location. The Board of Directors approved a reduction in the proposed fund raise for Axis Max Life Insurance Limited and formalized the relocation of the company's registered office.On April 9, 2026, the Board of Directors considered and approved several matters concerning the company's financial restructuring and administrative changes.
Regarding the capital infusion into Axis Max Life Insurance Limited (AMLI), the board approved the proposed infusion of share capital of up to ₹ 389 Crores by Axis Bank Limited to meet the subsidiary’s funding requirements. This development resulted in a revision of the intended fund raise size. The aggregate amount for the fund raise was reduced from an initial proposal of up to ₹ 2,000 Crores to a revised total of up to ₹ 1,600 Crores. All previous terms and conditions approved by the Board on March 12, 2026, remain unchanged.
Additionally, the Board noted the order received from the Regional Director, Northern Region, Chandigarh, Ministry of Corporate Affairs. This order, dated February 17, 2026, approved the shifting of the Company's registered office from the State of Punjab to the State of Haryana. Consequently, the Board approved April 13, 2026, as the effective date for this change. The registered office is moving from 'Bhai Mohan Singh Nagar, Railmajra, Nawan Shehar, Tehsil Balachaur, Punjab -144 533' to 'Plot no. 90 -C, Sector -18, Urban Estate, Gurugram, Haryana -122 015'.
MFSL Stock Price Movement
Shares of Max Financial Services Limited are edging higher to ₹1600.7 as of 1:49 PM today, gaining 0.88% or ₹14.00 in live trading. The stock remains active in the market, supported by a volume of 635,081 shares traded so far.Source:
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