Max Financial Services Limited — Important, 26-02-2025: Updates

Max Financial Services has received a request from Neelu Analjit Singh, a current promoter, seeking to re-classify her shareholding from the 'Promoter and Promoter Group' category to 'Public.' Neelu, holding 1,00,000 equity shares, is pursuing this change following a Settlement Agreement with Mr. Analjit Singh, wherein they agreed on asset segregation amidst their divorce proceedings. She confirms that, post-reclassification, neither she nor any related persons will hold over 10% of total voting rights or maintain control over the company's affairs. This move could enhance the company’s governance structure by reducing promoter influence, which may be viewed positively by investors. The completion of this re-classification will follow necessary approvals. Investors should watch closely for updates on this development.