Athira Sethu
Kochi, 13 March 2026
Max Financial Services Ltd (MFSL), part of the Max Group, announced that its board has approved raising up to ₹2,000 crore through a Qualified Institutional Placement (QIP) or other permitted methods. The company will seek shareholder approval via a postal ballot. The funds will mainly support its subsidiary, Axis Max Life Insurance, for growth and expansion, with the remaining funds for corporate purposes.
| Development | Details |
| Fundraising Plan | Raise up to ₹2,000 crore through QIP or other approved methods. |
| Capital Use | Funds will go towards Axis Max Life’s growth and general corporate purposes. |
| Share Capital Increase | Increase from ₹70 crore to ₹75 crore, expanding the number of shares. |
| Approval Needed | Requires shareholder approval through postal ballot. |
| Quarterly Results | Details |
| Net Profit | ₹4.1 crore, down 96% YoY from ₹113 crore. |
| NII Growth | 13.9% YoY growth to ₹131 crore from ₹115 crore. |
| Life Insurance Revenue | Fell from ₹13,370.5 crore to ₹9,790.7 crore. |
| Profit Decline | Life insurance profit dropped to ₹23.7 crore from ₹170.8 crore. |
| Stock Performance | Details |
| Share Price | ₹1,670.00, down 1.54%, on the NSE. |
