Max Financial Services Limited (MFSL) announced on April 9, 2026, that its Board of Directors has approved several key matters. The Board noted and approved a proposed infusion of share capital up to ₹389 Crores by Axis Bank Limited into Axis Max Life Insurance Limited (AMLI) to fulfill its funding needs. Consequently, the Board has also approved a reduction in the overall proposed fund raise from an aggregate of ₹2,000 Crores to ₹1,600 Crores. All other terms and conditions previously approved by the Board on March 12, 2026, remain unchanged. In addition, the Board noted the order received on March 24, 2026, from the Regional Director, Northern Region, Chandigarh, Ministry of Corporate Affairs, approving the shifting of the Company's registered office from the State of Punjab to the State of Haryana. The effective date for this shift has been set as April 13, 2026. The registered office will move from Bhai Mohan Singh Nagar, Railmajra, Nawan Shehar, Tehsil Balachaur, Punjab – 144 533 to Plot no. 90-C, Sector – 18, Urban Estate, Gurugram, Haryana – 122 015.
