Announced Mon, 6 Jul · 14:44 IST
Postal Ballot Results: Krishnan Tenure Extended, Nakabayashi Appointed as Director
Board & Shareholder Meetings View source PDF
MFSL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹1594.10
prior close
₹1583.20
base price
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AI summary
Max Financial Services shareholders approved both resolutions in the postal ballot. Mr. V. Krishnan's tenure as Manager extended for 2 years (July 2026 to June 2028) with pay up to Rs 2.30 crore per year plus Rs 25 lakh one-time bonus - 99.66% in favour. Mr. Toru Nakabayashi's appointment as Non-Executive Director regularised - 98.46% in favour. Both passed with strong majority on July 5, 2026.
Likely market impact
Management continuity assured with Krishnan staying till 2028 and new director onboarded. Strong shareholder support signals stability.