Max Financial Services Limited has informed the Exchange regarding 'Re-appointment of Mr. K. Narasimha Murthy (DIN: 00023046) as an Independent Director of the Company for the second and final term of five years with effect from March 30, 2026, to March 29, 2031, subject to approval of the shareholders at the ensuing Annual General Meeting.'.
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Max Financial Services announced the outcome of its board meeting held on May 13, 2025. The Board approved the re-appointment of Mr. K. Narasimha Murthy (DIN: 00023046) as an Independent Director for a second and final five-year term, effective March 30, 2026 to March 29, 2031, subject to shareholder approval at the upcoming AGM. Mr. Murthy is a qualified Chartered and Cost Accountant, currently serving on boards of Raymond Ltd., Axis Finance Ltd., Max Life Pension Fund Management Ltd., and others. Additionally, the Board re-appointed M/s MGC & KNAV Global Risk Advisory LLP as Internal Auditors for FY 2025-26. The director is not related to any existing board members and is not debarred by any regulatory authority.
This is a routine governance update with no material impact on the stock. Re-appointment of an experienced independent director signals board continuity, and the internal auditor re-appointment is standard annual practice.