MFSLNSEMax Financial Services LimitedMediumNegative
Announced Thu, 7 Aug · 19:49 IST

Max Financial Services Limited has informed the Exchange regarding Resignation of Mr. Piyush Soni as Company Secretary & Compliance Officer of the company w.e.f. September 30, 2025.

Kmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Max Financial Services announced three decisions from its August 7, 2025 board meeting. Mr. Piyush Soni resigned as Company Secretary and Compliance Officer (a Key Managerial Personnel) effective September 30, 2025, after more than 8 years with the Max group, citing career advancement and personal commitments. The board also approved shifting the company's registered office from Punjab to Haryana, subject to shareholder approval. Additionally, M/s. Sanjay Grover and Associates was re-appointed as Secretarial Auditor for 5 consecutive financial years starting April 1, 2025, pending shareholder approval at the upcoming AGM. A copy of the resignation letter was attached to the filing.

Likely market impact

This is a routine KMP transition with a nearly two-month handover period, so no immediate governance red flags for shareholders. The other items — office relocation and auditor re-appointment — are administrative and unlikely to materially affect the stock price.