Max Financial Services Limited — Others, 15-04-2025: Resignation

The Board of Directors of Max Financial Services Limited has accepted Mr. Amrit Pal Singh's resignation as Chief Financial Officer (CFO), effective April 30, 2025. He will continue as CFO of Axis Max Life Insurance Limited. Mr. Nishant Kumar Gehlawat has been appointed as the new CFO and Key Managerial Personnel, effective May 1, 2025; he brings over 18 years of experience within the Max Group. Additionally, the board has approved a request from Ms. Neelu Analjit Singh, a promoter group member, to reclassify her as a public shareholder, following her divorce from Mr. Analjit Singh and based on a recent settlement agreement. This leadership change could signal a positive outlook for stability and continuity in financial management, while the reclassification may enhance shareholder structure transparency.