NSEUpdates4 Aug 2026 · 4 Aug 2026, 11:44 am

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Max Financial Services Limited · MFSL

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Max Financial Services Limited has informed the Exchange regarding 'Disclosure under the extant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) regarding Axis Max Life Insurance Limited (Axis Max Life), the material subsidiary of the Company'.

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Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Max Financial Services Limited has informed the Exchange regarding 'Disclosure under the extant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ) regarding Axis Max Life Insurance Limited ( Axis Max Life ), the material subsidiary of the Company '.

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August 4, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400 021 Mumbai – 400 051 Scrip Code: 500271 Symbol: MFSL Sub: Disclosure under the extant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) regarding Axis Max Life Insurance Limited (“Axis Max Life”), the material subsidiary of the Company Dear Sir/ Madam, Further to our earlier disclosures dated July 1, 2026, July 8, 2026 and August 1, 2026, and in line with the applicable provisions of SEBI LODR, the following disclosures have been made by Axis Max Life to the National Stock Exchange of India Limited (NSE) as detailed below: (i) Certificate regarding status of payment of interest and redemption amount on Non- Convertible Debentures bearing ISIN INE511N08016; (ii) Report on completion of the redemption, at par, pursuant to exercise of call option, of debentures and payment of interest and redemption amount; and (iii) Submission of report under Para 2.2 (b) of Chapter XIV of the Master Circular dated October 15, 2025 issued by SEBI relating to issue and listing of Non-convertible Securities Further, the copies of the aforesaid disclosures made to NSE by Axis Max Life are enclosed as Annexure A for the information of the stock exchanges and for dissemination to the public. You are requested to take the aforesaid on record. Thanking you, Yours faithfully For Max Financial Services Limited Siddhi Suneja Company Secretary & Compliance Officer Encl: as above MAX FINANCIAL SERVICES LIMITED CIN: L24223HR1988PLC145368 Corporate Office: L20M(21), Max Towers, Plot No. C-001/A/1, Sector-16B, Noida- 201301 P: + 91 120 4696000 I Email: investorhelpline@maxfinancialservices.in I Website: www.maxfinancialservices.com Regd. Office: Plot No. 90-C, Sector – 18, Urban Estate, Gurugram, Haryana - 122015 AXISM AX LIFE INSURANCE CERTIFICATE August 3, 2026 National Stock Exchange of India Limited National Securities Depository Limited Exchange Plaza, Bandra — Kurla Complex 4th Floor, 'A' Wing, Trade World, Kamala Mills Bandra (E) Compound, Senapati Bapat Marg, Lower Parel Mumbai 400051 Mumbai — 400013 Issuer Code: 511N Dear Sir/ Madam, Sub: Certificate regarding status of payment of interest and redemption amount on Non-convertible Debentures under Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with the Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper dated July 11, 2025 issued by SEBI In terms of the provisions as subjected above, we hereby certify that the Company has made timely payment of interest and redemption amount to the holders of Non-Convertible Debentures bearing ISIN INE511N08016 issued by the Company, details of which are provided hereunder: a) Whether interest payment / redemption payment made (yes/ no) — yes b) Details of Interest Payments- Sr. No. Particulars Details 1 ISIN INE511N08016 2 Issue Size INR 496 Crores 3 Interest Amount to be Paid on Due Date INR 37.2 Crores 4 Frequency- quarterly/ monthly Annual 5 Change in frequency of payment (if any) No 6 Details of such change NA 7 Interest payment record date July 16, 2026 8 Due date of interest payment August 2, 2026 (Sunday) (DD/MM/YYYY) 9 Actual date of interest payment *July 31, 2026 (Friday) (DD/MM/YYYY) 10 Amount of interest paid INR 37.2 Crores 11 Date of last interest paid August 4, 2025 *Since the due date of payment of interest was falling on a non-business day, the payment of interest has been made on the immediately preceding business day i.e. July 31, 2026, in accordance with the terms of issue, debenture trust deed and applicable regulatory requirements. c) Details of redemption payment- Sr. No. Particulars Details 1 ISIN INE511N08016 2 Type of redemption (full/ partial) Full 3 If partial redemption, then NA a. By face value redemption AXIS MAX LIFE INSURANCE LTD. (Formerly known as Max Life Insurance Co. Ltd.) 11th, 12th Floor, DU' Square Building, Jacaranda Marg, DLF City Phase -II, Gurugvam - 122002 (Haryana) District - Gurugram "I+ 91-0124-42190901 +91-124 6659600 E Service.helpdvsk@axismaxlife.corn I W https://www.axisnaaxlife.corn U74899I1R2000PLC143012.IRDAI Reg No-104 Registered Office- Plot no. 90-C, Sector-18, Urban Estate, Gurugram, Haryana - 122 015 AXISM AX LIFE I RANCE b. By quantify redemption 4 If redemption is based on quantity, NA specify, whether on a. Lot basis b. Pro-rata basis 5 Reason for redemption (call, put, Exercise of Call Option premature redemption, maturity, buyback, conversion, others (if any) 6 Redemption date due to put option (if NA any) 7 Redemption date due to call option (if August 2, 2026 (Sunday) any) 8 Quantity redeemed (no. of NCDs) 4,960 9 Due date for redemption/ maturity August 2, 2031 10 Actual date for redemption *July 31, 2026 (Friday) (DD/MM/YYYY) 11 Amount redeemed INR 496 Crores 12 Outstanding amount Nil 13 Date of last Interest payment (in FY August 4, 2025 2026) 14 Reason for non-payment/ delay in NA payment *Since the due date of payment ofr edemption amount was falling on a non-business day, the payment of redemption amount has been made on the immediately preceding business day i.e. July 31, 2026, in accordance with the terms of issue, debenture trust deed and applicable regulatory requirements. You are requested to kindly take the same on record. Yours faithfully, For Axis Max Life Insurance Limited (formerly known as Max Life Insurance Co. Ltd.) ANURAG Digitally signed by ANURAG CHAUHAN CHAUHAN Date: 2026.08.03 15:58:01 +05'30' Anurag Chauhan General Counsel and Company Secretary AXIS MAX LIFE INSURANCE LTD. (Formerly known as Max Life Insurance Co. Ltd.) 11th, 12th Floor, DLF Square Building, Jacaranda Nilarg, DLF City Phase -II, GLrugram - 122002 (Haryana) District - Gurugram T+91-0124-4219090 l- +91-124 6659600 E Service.heladesk@axismaxlife corn I IN https://www.axismaxlife.corn CIN U74899HR2000P1C143012. IRDAI Reg No-104 Registered Office- Plot no. 90-C, Sector-18, Urban Estate, Gurugram, Haryana - 122 015 AXIS MAX LIFE INSURANCE August 3, 2026 National Stock Exchange of India Limited Exchange Plaza, Bandra — Kurla Complex Bandra (E) Mumbai 400051 Dear Sir/ Madam, Subject: Report on completion of the redemption, at par, pursuant to exercise of call option, of 4,960 unsecured, subordinated, listed, rated, redeemable, taxable, non-cumulative, non-convertible debentures and payment of interest and redemption amount by exercise of "Call Option" in accordance with • Regulation 15(9) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("NCS Regulations"); and • Regulation 51 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with SEBI Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper dated October 15, 2025 ("Master Circular") In line with the applicable provisions and in furtherance to our earlier disclosures dated June 30, 2026, July 7, 2026 and July 31, 2026, regarding exercise of call option in relation to 4,960 unsecured, subordinated, listed, rated, redeemable, taxable, non-cumulative, non-convertible debentures bearing ISIN INE511N08016, we hereby inform that Axis Max Life Insurance Limited ("Company") has redeemed at par and repaid the principal amount in full along with interest accrued up to (but excluding) the Call Option date, pursuant to exercise of Call Option in accordance with the Information Memorandum and Debenture Trust Deed. Pursuant to Regulation 57 of the SEBI Listing Regulations read with Annexure — XIV B of the Master Circular, the details of the payment are provided below: [Showing first 8,000 characters — download PDF for full document]