Max Financial Services Limited has informed the Exchange regarding 'Disclosure under the extant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ) '.
MFSL · price
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Max Financial Services informed exchanges that the Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Mr. Subrat Mohanty, currently a Non-Executive Director, as Chairman of the Board of Directors of Axis Max Life Insurance Limited. The appointment is effective May 8, 2026, for a period of five years. Axis Max Life is a material subsidiary of Max Financial Services. The disclosure references an earlier filing from September 2025 and includes a copy of the same disclosure made by Axis Max Life to NSE.
This is a routine governance update confirming regulatory approval for a board-level role at the company's key subsidiary. It does not signal any change in leadership at the parent company level and is unlikely to have a direct impact on the MFSL stock price.