As per the disclosure attached

August 13, 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.: Outcome of Board meeting - Approval of unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026 Dear Sir / Madam, Please refer to our letter dated June 25, 2026, on the above subject. In this regard, we wish to inform you that the Board of Directors of the Company, in its meeting held earlier today, has inter- alia considered and approved the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026. The said financial results and the Limited Review Report given by the Statutory Auditors for the aforesaid period are attached herewith. Further, in terms of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company which has been closed effective July 1, 2026 (as informed vide our earlier letter dated June 25, 2026), shall remain closed till 48 hours after declaration of unaudited financial results for the quarter ended June 30, 2026 i.e. till August 15, 2026. The Board meeting commenced at 1700 hrs and concluded at 1815 hrs today. You are kindly requested to take note of the above on record and arrange to disseminate the information to the public. 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 E-mail: investorhelpline@maxfinancialservices.in I Website: www.maxfinancialservices.com Regd. Office: Plot No. 90-C, Sector-18, Urban Estate, Gurugram, Haryana-122015 S.R. BATL1BO1& CO. LLP Chartered Accountants Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Max Financial Services Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Max Financial Services Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Name of the Entity Relationship Axis Max Life Insurance Limited (formerly known as "Max Life Subsidiary Insurance Company Limited") ("AMLI") Max Financial Employees Welfare Trust ("MFEWT") Controlled Trust S.R. Batliboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Office : 22, Camac Street, Block IT, 3rd Floor, Kolkata-700 016 12th Floor, The Ruby29 Senapati Bapat MargDadar (West)Mumbai-400 028, India Tel: +91 22 6819 8000 i&Co. LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and the certificate of the appointed actuary referred to in paragraph 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Emphasis of Matter We draw attention to note 5 of the statement, which describes uncertainty related to outcome in respect of show cause notice received from the Securities Exchange Board of India (the "SEBI") alleging non-compliances with certain provisions of the SEBI Act, the Securities Contract Regulation Act, the erstwhile Listing Agreement, the Listing Regulations and other applicable SEBI regulations, pending the outcome of which, no impact has been given in these unaudited consolidated financial results. Our conclusion on the Statement is not modified in respect of the above matter. 7. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: • One Controlled Trust, whose interim financial results and other financial information reflect total revenues of Rs. 3.07 crores, total net loss after tax of Rs. 0.03 crores, total comprehensive loss of Rs. 0.03 crores, for the quarter ended June 30, 2026. The unaudited interim financial results and other unaudited financial information of the Max Financial Employee Welfare Trust have not been reviewed by any auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of this subsidiary is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. 8. In respect of AMLI, subsidiary company, determination of the following as at and for the quarter ended June 30, 2026, is the responsibility of the subsidiary company's Appointed Actuary. a. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at June 30, 2026, is the responsibility of the subsidiary company's Appointed Actuary (the "Appointed Actuary"). The actuarial valuation of these liabilities for life policies in force and for policies in respect [Showing first 8,000 characters — download PDF for full document]