Max Financial Services Limited — Important, 07-08-2025: Updates

Max Financial Services' key subsidiary, Axis Max Life Insurance, has seen a leadership change. Mr. Rajiv Anand, nominated by Axis Bank and serving as Chairman, has resigned from its Board of Directors. Axis Bank withdrew his nomination. The Axis Max Life Board noted this and acknowledged his valuable contributions. This development represents a shift in the governance structure of a material subsidiary. Such changes in key leadership roles are important for understanding operational dynamics.