Max Financial Services share news, announcements and annual reports
NSE: MFSLBSE: 500271InsuranceMid Cap
Max Financial Services Limited · Formerly Max India · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 1989 on BSE, May 2000 on NSE
Last close ₹1,212.00down ₹12.60 (1.03%)BSE ₹1,222.00
Share price at the NSE close on 29 Oct 2026. Previous close ₹1,224.60.
29 Oct: open ₹1,222.00, high ₹1,227.40, low ₹1,203.00
52-week range of traded prices to 29 Oct 2026
₹1,193.40Low, 28 Oct 2026₹1,892.50High, 23 Feb 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹41,828 Cr180th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.31
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 4.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.29
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,18,81557.4% delivered
Max Financial Services share news and announcements
1,171 announcements, routine notices left out, newest first. Page 22 of 24.
May 2011
26 May · Results
Consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 666832 lacs for year ending on 31-MAR-2011 against Rs. 557140 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 868 lacs for the year ending on 31-MAR-2011 against Rs. (7159) lacs for the year ending on 31-MAR-2010.6 May · Board meeting
To consider and approve the audited annual accounts of the Company and consolidated annual financial results of the Company and its subsidiaries for the year ended March 31, 2011. Further, the said meeting shall also take on record the financial results of the Company for the quarter ended March 31, 2011.
Mar 2011
2 Mar · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2011
11 Feb · Management
Board of Director of the Company at their meeting held on February 11, 2011 has appointed Mr. Vishal Bakshi as Alternate Director to Mr. Sanjeev Mehra on the Board.11 Feb · Results
Standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 11026 lacs for quarter ending on 31-DEC-2010 against Rs. 8063 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. (685) lacs for the quarter ending on 31-DEC-2010 against Rs. (40) lacs for the quarter ending on 31-DEC-2009.
Jan 2011
27 Jan · Board meeting
To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter ended December 31, 2010.
Dec 2010
16 Dec · Meeting
Company proposes to obtain approval of the Shareholders by way of Postal Ballot for the following : (1) Special resolution under Section 372A of the Companies Act, 1956 for making investment upto an amount of Rs. 750 crores in Max Healthcare Institute Limited, a subsidiary of the Company; and (2) Special resolution for amendment to Article of Association of the Company to incorporate the rights conferred on Xenok Limited, a wholly owned indirect Subsidiary of GS Capital Partners VI Fund, L.P., controlled by the Goldman Sachs Group, Inc. ('Investor') with respect to their investment in Compulsorily Convertible Debentures of the Company. The results of the Postal Ballot will be declared at an Extraordinary General Meeting of the Company scheduled to be held on February 18, 2011.
Oct 2010
27 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 9412 lacs for quarter ending on 30-SEP-2010 against Rs. 8300 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. (1895) lacs for the quarter ending on 30-SEP-2010 against Rs. 197 lacs for the quarter ending on 30-SEP-2009.12 Oct · Board meeting
To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter / half year ended September 30, 2010.
Sep 2010
17 Sep · Business
Company approved allotment of 109677 equity shares of Rs. 2/- each of the Company for cash at par arising from the exercise of Stock Options in the ratio of one equity Shares for every Option, to the Directors and Employees of the Company on September 15, 2010.
Aug 2010
16 Aug · Meeting
Register of Members and Share Transfer Books of the Company will remain closed from September 08, 2010 to September 15, 2010 (both days inclusive) for the purpose of Annual General Meeting. The Annual General Meeting of the Company will be held on September 15, 2010.
Jul 2010
30 Jul · Management
Board of Directors took note of resignation of Mr. N. Rangachary from the Board of Directors of the Company effective July 26, 2010. The Board of Directors appointed Mr. Sanjeev Mehra as a Director of the Company effective July 30, 2010.30 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 8882 lacs for quarter ending on 30-JUN-2010 against Rs. 7779 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. (283) lacs for the quarter ending on 30-JUN-2010 against Rs. 21 lacs for the quarter ending on 30-JUN-2009.15 Jul · Board meeting
To take on record the un-audited financial results of the company together with Limited Review by the Auditors for the quarter ended June 30, 2010.
Jun 2010
3 Jun · Business
Remuneration Committee of the Company approved grant of 5000 Stock Options each to Mr. K. Narasimha Murthy and Dr. Omkar Goswami, Non Executive Directors of the Company effective June 1, 2010 under the Max Employee Stock Plan - 2003. The said options entitle them one equity share of Rs. 2/- each at par for every one Option and the said options will be vested on completion of one year from the date of grant, i.e., on June 1, 2011.
May 2010
7 May · Board meeting
To consider and approve the Audited Annual Accounts of the Company and consolidated annual financial results of the Company and its subsidiaries for the year ended March 31, 2010. Further the said meeting shall also take on record the financial results of the Company for the quarter ended March 31, 2010.
Apr 2010
7 Apr · Results
The Company proposes to publish the audited financial results for the year / last quarter ended March 31, 2010 on or before June 30, 2010. Hence, it will not publish the unaudited results for the quarter ended March 31, 2010, as provided in Clause 41 of the Listing Agreement.
Mar 2010
30 Mar · Business
Vide its letter dated March 30, 2010 that "The Board of Directors of the Company in its meeting held today approved, in-principle, the proposal of Max New York Life Insurance Company Limited ('MNYL'), a 74:26 joint venture between the Company and New York Life International, LLC ('NYLI') to issue equity shares of approx. 4% of MNYL to Axis Bank, the terms of which are currently under finalization. Last week, the Board of Directors of MNYL approved the proposal for a proposed corporate agency tie-up between MNYL and Axis Bank for a term of ten years whereby Axis Bank would be distributing life Insurance products of MNYL pan India effective May 01, 2010. The aforesaid proposals for the corporate agency tie-up and issuance of shares of MNYL are subject to all regulatory approvals".11 Mar · Allotment
Board of Directors of the Company in its meeting held on March 11, 2010 approved allotment of 6,019,925 (Six million Nineteen thousand Nine hundred and Twenty five) 12% Compulsorily Convertible Debentures of Rs. 867/- each ("CCDs") of the Company to Goldman Sachs Capital Partners through its wholly owned subsidiary Xenok Limited, for an aggregate consideration of Rs. 5,219,274,975/- (approx. US $ 115 million). Subject to any applicable adjustments, each CCD will be compulsorily converted into four equity shares of Rs.2/- each at a premium of Rs.214.75 per equity share on or before 15 (fifteen) months from the date of allotment.
Feb 2010
26 Feb · Allotment of Equity Shares
The Allotment Committee of Directors of the Company approved allotment of 18,112 equity shares of Rs.2/- each of the Company for cash at par arising from the exercise of Stock Options in the ratio of one equity share for every Option, to the following employees on February 26, 2010: (1) Mr C. V. Raghu - 12,052. (2) Mr Mohit Talwar - 6060. Total: 18,1128 Feb · Allotment of Warrants
"In terms of the approval accorded by the shareholders in the extra-ordinary general meeting of the Company held on January 22, 2010 and pursuant to the approvals received from stock exchanges where the company's shares are listed, Dynavest India Private Limited, one of the promoter group companies has remitted a sum of Rs. 86.70 crores, being 50% of the face value of warrants for subscription to 2,000,000 (Two million) Warrants of a face value of Rs. 867/- each of the Company. Each warrant entitles the holder thereof to subscribe to four equity share of Rs.2/- each of the Company at a premium of Rs. 214.75 per equity share .The Board of Directors of the Company has approved the allotment of aforesaid 2,000,000 (Two million) Warrants of a face value of Rs. 867/-each of the Company to Dynavest India Private Limited on February 6, 2010.
Jan 2010
29 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 8063 lacs for quarter ending on 31-DEC-2009 against Rs. 7822 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. (40) lacs for the quarter ending on 31-DEC-2009 against Rs. 326 lacs for the quarter ending on 31-DEC-2008.22 Jan · Meeting
Proceedings of Extraordinary General Meeting of the Company held on January 22, 2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Jan · Board meeting
To take on record the Un-audited Financial Results of the Company together with Limited Review by the Auditors for the quarter ended December 31, 2009.14 Jan · Corrigendum
Corrigendum released for publication in newspapers with respect to notice sent to the shareholders of the Company for holding an Extraordinary General Meeting of the Company on January 22, 2010 to consider interalia issuance of 2,000,000 warrants of the face value of Rs.867/- each to the promoter group of Max India Limited, on preferential allotment basis. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Dec 2009
31 Dec · Grant of Stock Options
Remuneration Committee of the Company approved grant of 12,00,000 (Twelve Lac) Stock Options to Mr. Anuroop Singh, Vice Chairman of the Company effective January 01, 2010 under the Max Employee Stock Plan - 2003. The said Options entitle Mr. Anuroop Singh one equity share of Rs.2/- each at par for every one Option exercised. The said Options will be vested with Mr. Anuroop Singh in a graded manner as detailed below: (a) 4,00,000 options to be vested on January 1, 2011; (b) 4,00,000 options to be vested on January 1, 2012; (c) 4,00,000 options to be vested on January 1, 2013.30 Dec · Meeting
Notice convening an Extraordinary General Meeting of the members of the Company scheduled to be held on January 22, 2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.28 Dec · Board meeting
Outcome of Board Meeting held on December 26, 2009. Further the Board of Directors decided to convene an Extra Ordinary General Meeting of the Company on January 22, 2010. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.23 Dec · Board meeting
For consideration of issue of securities of the Company on preferential allotment basis.22 Dec · Board meeting
Board of Directors of the Company in its meeting held on December 22, 2009, considered various funding options, by way of preferential issue of securities of the Company. The Board of Directors, after due deliberations, advised the management to table an updated proposal for its consideration, at a meeting proposed to be held on January 13, 2010. The Board appointed Mr.K.Narasimha Murthy and Dr. Omkar Goswami as Additional Directors of the Company effective December 22, 2009.18 Dec · Board meeting
To consider the proposal for preferential issue of securities of the Company.
Nov 2009
9 Nov · Updates
Max India Ltd had informed the Exchange regarding grant of 1,45,250 Stock Options granted to certain key employees of the Company. The Company has now informed the Exchange that the Remuneration Committee of Directors approved in its meeting held on October 30, 2009 re-scheduled the vesting dates of these Options in the following manner: (1) 50% Options will be vested to the option-holders on completion of one year of grant , i.e., September 04, 2010; and (2) 50% Options will be vested to the Option-holders on completion of three years. i.e. September 04, 2012.
Oct 2009
30 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 8300 lacs for quarter ending on 30-SEP-2009 against Rs. 10233 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 197 lacs for the quarter ending on 30-SEP-2009 against Rs. 1173 lacs for the quarter ending on 30-SEP-2008.30 Oct · Results
Standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 16079 lacs for half year ending on 30-SEP-2009 against Rs. 19385 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 218 lacs for the half year ending on 30-SEP-2009 against Rs. 2534 lacs for the half year ending on 30-SEP-2008.12 Oct · Board meeting
To take on record the un-audited financial results of the Company together with Limited Review by the Auditors for the quarter / half year ended September 30, 2009.
Sep 2009
29 Sep · Meeting
Scrutiny of the Postal Ballots received from the members of the Company was done as scheduled on September 8, 2009. The details of the outcome of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Sep · Meeting
Proceedings of the Annual General Meeting of the Company held on September 23 ,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Sep · Disclosure
Remuneration Committee of Directors of the Company on September 04, 2009 granted Stock Options under the Max Employee Stock Plan - 2003.The details of Stock Options granted as aforesaid are given below: (1) 30,000 Stock Options to certain Non Executive Directors of the Company, which entitled them one equity share of Rs. 2/- each at par for every one Option exercised and the said Options will be vested on completion of one year from the date of grant i.e. on September 4, 2010. (2) 1,45,250 Stock Options to certain key employees of the Company, which entitle them one equity share of Rs.2/- each at par for every one option exercised and the said Options will be vested on completion of three years from the date of grant , i.e. on September 4, 2012.7 Sep · Management
Dr. S.S. Baijal, who has served on the Board of Directors of the Company for over two decades, ceased to be a non-executive director of the Company effective September 06, 2009 on completion of the age of 80 years in terms of Articles of Association of the Company. In recognition of his deep and valuable contribution to the Company's affairs over two decades and the Company's progress and success during his association, the Board of Directors of the Company conferred the title of 'Chairman Emeritus' on him effective September 07, 20094 Sep · Meeting
Notice of the Annual General Meeting of the Members of the Company to be held on September 23, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2009
27 Aug · Meeting
Annual General Meeting of the Company will be held on September 23, 2009 and the Register of Members will be closed from September 16, 2009 to September 23, 2009 (both days inclusive) for the AGM purpose.10 Aug · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.