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Max Financial Services Limited ( (IN:MFSL) ) has issued an update.
Max Financial Services Limited has clarified its position regarding the appointment of Mr. Pradeep Pant as an Independent Director, following proxy firms’ recommendations against his appointment due to tenure aggregation with Axis Max Life Insurance Limited. The company emphasizes that regulatory frameworks consider tenure at the entity level, not the group level, and supports Mr. Pant’s appointment to strengthen governance and oversight. The Board and Nomination & Remuneration Committee recommend his appointment, citing his skills and experience as beneficial to the company.
More about Max Financial Services Limited
Max Financial Services Limited operates in the financial services industry, focusing on providing insurance and investment solutions. It is known for its subsidiary, Axis Max Life Insurance Limited, which plays a significant role in its operations.
Average Trading Volume: 17,616
Technical Sentiment Signal: Buy
Current Market Cap: 586.3B INR
See more insights into MFSL stock on TipRanks’ Stock Analysis page.