Max Financial Services Limited has informed the Exchange regarding Appointment of Mr. Nishant Kumar Gehlawat as Chief Financial Officer of the company w.e.f. May 01, 2025.

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹1163.95

prior close

₹1190.90

announcement price

In-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+3.0%-0.4% vs market

Insurance peers, median of 11sector · industry level+3.0%-0.3% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.3 pts less than its Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.7+3.0-0.4+3.0-0.3

Next day

+3.8+3.8-0.0+5.1-1.3

+4.6+4.4+0.2+5.3-0.7

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+16.6+11.6+5.0+9.6+7.0

+36.1+16.0+20.0+15.5+20.5

+35.6+18.1+17.5+20.1+15.5

UpDownMarket · Nifty Midcap 150Sector · Insurance peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Max Financial Services Limited has informed the stock exchange about the appointment of Mr. Nishant Kumar Gehlawat as the new Chief Financial Officer of the company. The appointment will take effect from May 01, 2025. This is a key managerial personnel change at the company. No further details about his background or the previous CFO were provided in this filing.

Likely market impact

A new CFO appointment signals a change in financial leadership, which retail investors should monitor for any shifts in capital allocation, financial reporting, or strategic direction once the new CFO settles into the role.