Max Financial Services Limited — Important, 12-05-2026: Updates

Strategic shift: The Company has in-principle approved amalgamation with Axis Max Life Insurance (AMLI). AMLI secures Rs. 389 Cr from Axis Bank via new shares, with the parent planning to raise up to Rs. 1,600 Cr. A Rs. 280 Cr reinsurance reserve release boosted profit. Max Life Pension Fund Management is liquidating.