Declaration of Postal Ballot Results with respect to Postal Ballot Notice dated April 9, 2026

Max Financial Services shareholders have approved all 4 resolutions through postal ballot voting completed on May 10, 2026. The resolutions include: (1) Increase in authorised share capital from Rs 70 Crores to Rs 75 Crores by creating 2.5 crore additional equity shares, approved with 99.999% majority; (2) Approval for raising funds up to Rs 1,600 Crores through equity shares/securities issuance via QIP or other methods, approved with 99.998% majority; (3) Partial modification of 2023 arrangement with Axis Bank regarding Axis Max Life Insurance, allowing Axis Bank to subscribe to additional AMLI shares, approved with 98.04% majority; (4) Material related party transaction for Axis Bank to subscribe to AMLI equity shares worth Rs 389 Crores on preferential allotment basis, increasing Axis Bank's total holding in AMLI to 19.99%, approved with 98.00% majority. Note that promoters were interested in resolution 4.