Max Financial Services Limited has informed the Exchange regarding 'Re-appointment of M/s MGC & KNAV Global Risk Advisory LLP as Internal Auditors of the Company for the financial year 2025-26.'.
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The Board of Max Financial Services, at its meeting on May 13, 2025, approved two items. First, it re-appointed Mr. K. Narasimha Murthy (DIN: 00023046) as an Independent Director for a second and final term of five years, from March 30, 2026 to March 29, 2031, subject to shareholder approval at the next AGM. Mr. Murthy is a seasoned chartered and cost accountant with prior board roles at Raymond, Axis Bank, ONGC, and Max Life Insurance. Second, the Board re-appointed M/s MGC & KNAV Global Risk Advisory LLP as Internal Auditors for the financial year 2025-26. The board meeting ran from 5:45 PM to 6:35 PM.
This is a routine corporate governance update with no material impact on shareholders. Re-appointment of an existing independent director and internal auditor is standard annual housekeeping and is unlikely to move the stock price.