Max Financial Services share news, announcements and annual reports

NSE: MFSLBSE: 500271InsuranceMid Cap

Max Financial Services Limited · Formerly Max India · Face value ₹2 · Listed Nov 1989 on BSE, May 2000 on NSE

₹1,200.00₹12.00 (0.99%)BSE ₹1,203.00

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,212.00.

30 Oct: open ₹1,215.10, high ₹1,215.20, low ₹1,174.00

52-week range of traded prices to 30 Oct 2026

₹1,174.00Low, 30 Oct 2026₹1,892.50High, 23 Feb 2026

Market cap: ₹41,414 Cr180th largest listed
P/E: Earlier quarters restated in the year
P/B: 7.24
Dividend yield: Nonein the last 12 months
ROCE: 4.1%
Debt to equity: 0.29
Volume, NSE: 18,14,03159.6% delivered

Max Financial Services shareholding disclosures

324 filed, newest first. Page 4 of 7.

Nov 2019
- 11 Nov · Disclosure
  Reason for encumbrance vide letter dated November 08, 2019 under SEBI ( SAST) Regulations, 2011.
Oct 2019
- 18 Oct · Disclosure
  Reason for encumbrance vide letter dated October 18, 2019 under SEBI ( SAST) Regulations, 2011.
- 14 Oct · Disclosure
  Reason for encumbrance vide letter dated October 11, 2019 under SEBI ( SAST) Regulations, 2011.
- 14 Oct · Disclosure
  Reason for encumbrance vide letter dated October 11, 2019 under SEBI ( SAST) Regulations, 2011.
Jul 2019
- 3 Jul · Disclosure
  Grant of 32010 Options.
Apr 2019
- 19 Apr · Disclosure
  Allotment of 12958 Equity Shares under ESOP
- 18 Apr · Disclosure
  Annual Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 2011 as on March 31, 2019.
- 2 Apr · Disclosure
  Grant of 115420 Options.
Mar 2019
- 19 Mar · Disclosure
  Allotment of 408308 Equity Shares under ESOP
Dec 2018
- 21 Dec · Disclosure
  Allotment of 561734 Equity Shares under ESOP
Oct 2018
- 1 Oct · Disclosure
  Disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011.
Apr 2018
- 7 Apr · Disclosure
  Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 6 Apr · Disclosure
  Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 5 Apr · Disclosure
  Allotment of 31710 Equity Shares under ESOP
Sep 2017
- 2 Sep · Disclosure
  Allotment of 665000 Equity Shares under ESOP
Aug 2017
- 18 Aug · Disclosure
  Allotment of 407768 Equity Shares under ESOP
Apr 2017
- 11 Apr · Disclosure
  Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 11 Apr · Disclosure
  Nomination and Remuneration Committee of Directors of the Company, on April 10, 2017, approved allotment of 41,210 equity shares of Rs. 2/- each of the Company for cash at par, to certain stock option- holders arising from the exercise of Stock Options granted by the Company earlier.
Dec 2016
- 7 Dec · Disclosure
  Vide letter dated a copy of Disclosure under Regulation 10(6) Report to Stock Exchanges in respect of any acquisitions made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Oct 2016
- 13 Oct · Disclosure
  Nomination and Remuneration Committee of the Company approved allotment of 2,35,718 equity shares of Rs.2/- each for cash at par to Mr. Rahul Khosla, Executive President of the Company on October 12, 2016, arising from the exercise of Stock Options.
- 6 Oct · Disclosure
  Vide letter dated October 06, 2016 a copy of disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Sep 2016
- 7 Sep · Disclosure
  Nomination and Remuneration Committee of the Company approved allotment of 11,432 equity shares of Rs.2/- each for cash at par to Mr. Mohit Talwar, Managing Director of the Company on September 6, 2016, arising from the exercise of Stock Options under Max Employee Stock Plan-2003 of the Company.
Apr 2016
- 21 Apr · Disclosure
  Vide letter dated April 12, 2016 a copy of disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 1 Apr · Disclosure
  Nomination and Remuneration Committee of the Company on April 01, 2016, granted 29,235 Stock Options to Mr. Mohit Talwar, Managing Director of the Company under the Max Employee Stock Plan - 2003. The aforesaid Options entitle Mr. Mohit Talwar one equity share of Rs.2/- each for cash at par for every one Option exercised. The said Options will be vested with Mr.Talwar in a graded manner over a period of four years.
Aug 2015
- 21 Aug · Disclosure
  Remuneration Committee of the Company on August 19, 2015 granted 99,620 Stock Options to Mr. Rahul Khosla, Managing Director of the Company under the Max Employee Stock Plan - 2003. The aforesaid Options entitle Mr. Rahul Khosla one equity share of Rs.2/- each for cash at par for every one Option exercised. The said Options will be vested with Mr. Khosla in a graded manner over a period of five years.
Apr 2015
- 17 Apr · Disclosure
  Company approved the allotment of 81,250 equity shares of Rs. 2/- each for cash at par to certain Stock Option holders on April 17, 2015 arising from the exercise of Stock Options.
- 15 Apr · Disclosure
  Vide letter dated April 08, 2015 a copy of disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Mar 2015
- 30 Mar · Disclosure
  Nomination and Remuneration Committee of the Company on March 27, 2015 granted 22,600 Stock Options to Mr. Mohit Talwar, Deputy Managing Director of the Company under the Max Employee Stock Plan-2003. The aforesaid Options entitle Mr. Mohit Talwar one equity share of Rs. 2/- each for cash at par for every one Option exercised. The said Options shall be vested with Mr. Talwar in a graded manner @ 25% each, over a period of four years, commencing from March 27, 2016.
Jan 2015
- 23 Jan · Disclosure
  Company approved on January 23, 2015, the allotment of 10,750 equity shares of Rs.2/- each for cash at par to Mr. Mohit Talwar, Deputy Managing Director of the Company arising from the exercise of Stock Options.
Dec 2014
- 15 Dec · Disclosure
  Nomination and Remuneration Committee of the Company in its meeting held on December 12, 2014 has granted Stock Options to its Executive Directors under Max Employee Stock Plan 2003.
- 4 Dec · Disclosure
  Vide letter dated December 03, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 4 Dec · Disclosure
  Vide letter dated December 03, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Nov 2014
- 21 Nov · Disclosure
  Vide letter dated November 21, 2014 a copy of disclosure under Regulation 13(4), 13(4A) and 13 (6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992.
- 21 Nov · Disclosure
  Vide letter dated November 20, 2014 a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 4 Nov · Disclosure
  Vide letter dated October 30, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Oct 2014
- 31 Oct · Disclosure
  Vide letter dated October 29, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Sep 2014
- 8 Sep · Disclosure
  Company approved the allotment of 1,96,266 equity shares of Rs.2/- each for cash at par to certain Stock Options holders on September 8, 2014 arising from the exercise of Stock Options.
- 4 Sep · Disclosure
  Vide letter dated September 04, 2014 a copy of disclosure under Regulation 13(4), 13(4A) and 13 (6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992.
Aug 2014
- 25 Aug · Disclosure
  Vide letter dated August 21, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 19 Aug · Disclosure
  That the Remuneration Committee of the Company on August 19, 2014 granted 179,800 Stock Options to Mr. Rahul Khosla, Managing Director of the Company under the Max Employee Stock Plan - 2003. The aforesaid Options entitle Mr. Rahul Khosla one equity share of Rs.2/- each for cash at par for every one Option exercised. The said Options will be vested with Mr. Khosla in a graded manner over a period of five years.
- 6 Aug · Disclosure
  Vide letter dated August 01, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 5 Aug · Disclosure
  Liquid Investment and Trading Company Private Limited. has submitted to the Exchange a copy of disclosure under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- 5 Aug · Disclosure
  Medicare Investments Limited. has submitted to the Exchange vide letter dated July 25, 2014 a copy of disclosure under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Jul 2014
- 9 Jul · Disclosure
  Vide letter dated July 08, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 9 Jul · Disclosure
  Vide letter dated July 08,2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 9 Jul · Disclosure
  Vide letter dated July 08, 2014 copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Jun 2014
- 17 Jun · Disclosure
  Vide letter dated June 16, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- 12 Jun · Disclosure
  Vide letter dated June 12, 2014 a copy of disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. along with a copy of disclosure pursuant to Regulation 13(1) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.
- 11 Jun · Disclosure
  Vide letter dated June 11, 2014 a copy of disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. along with a copy of disclosure pursuant to Regulation 13(1) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.
- 11 Jun · Disclosure
  Vide letter dated June 06, 2014 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Max Financial Services shareholding disclosures

Nov 2019

Oct 2019

Jul 2019

Apr 2019

Mar 2019

Dec 2018

Oct 2018

Apr 2018

Sep 2017

Aug 2017

Apr 2017

Dec 2016

Oct 2016

Sep 2016

Apr 2016

Aug 2015

Apr 2015

Mar 2015

Jan 2015

Dec 2014

Nov 2014

Oct 2014

Sep 2014

Aug 2014

Jul 2014

Jun 2014