Updates

July 1, 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, In line with the applicable provisions of SEBI LODR, the disclosure made by Axis Max Life to the National Stock Exchange of India Limited (NSE) for intimation regarding exercise of Call Option in relation to 4,960 unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures issued by Axis Max Life, is enclosed as Annexure 1 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 June 30, 2026 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E) Mumbai 400051 Dear Sir/ Madam, Sub: Intimation of exercise of Call Option in relation to 4,960 unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures bearing ISIN INE511N08016 aggregating to INR 496 crores In terms of Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 15(7) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, we wish to inform that the Company has decided to exercise the call option and to fully redeem and call back the 4,960 (Four thousand Nine Hundred Sixty) unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures of face value of INR 10,00,000/- (Indian Rupees Ten Lakh only) each ("the Debentures"), aggregating to INR 4,960,000,000/- (Indian Rupees Four Hundred Ninety Six crore only) in line with the terms of the issue as stated in the Information Memorandum and the Debenture Trust Deed. A Notice to this effect has Debentures in full, along with the final annual interest due, on August 2, 2026. The details of the Debentures are as follows: Security Name 7.50% Max Life Insurance 2031 ISIN Number INE511N08016 Record Date July 16, 2026 Issue Date/ Deemed Date of Allotment August 2, 2021 Call Option Date 5 years from the Deemed Date of Allotment, i.e., August 2, 2026 Interest and Redemption Amount July 31, 2026 Payment Date (Since redemption date is falling on the date which is not a business day, the redemption amounts will be paid on the immediately preceding Business Day along with Interest at the Interest Rate payable on the relevant Interest Payment Date which falls on such Redemption Date). A copy of the said Notice is enclosed herewith as 'Annexure - I' and will also be available on the website of the Company. 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.) 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