Max Financial Services Limited — Board Meeting, 22-10-2024: Outcome of Board Meeting

Max Financial Services Limited's Board meeting approved the unaudited financial results for Q2 and H1 FY2024, noting positive earnings. They accepted the resignation of Ms. Gauri Padmanabhan and appointed Ms. Malini Thadani as a Non-Executive Independent Director, subject to shareholder approval. Additionally, Axis Bank has increased its stake in Max Life Insurance to 19.02% following regulatory approvals, with Max's shareholding decreasing to 80.98%.