NSECopy of Newspaper Publication5d ago · 15 Aug 2026, 11:28 am
Copy of Newspaper Publication
Max Financial Services Limited · MFSL
✦ AI SummaryResults
Max Financial Services Limited has informed the Exchange about a copy of the Newspaper Publication for unaudited financial results for the quarter ended June 30, 2026. The company's promoters, Zee Entertainment, have been granted conditional relief by the Securities Appellate Tribunal (SAT) to raise funds of ₹13,143 crore, contingent on depositing a Sebi penalty within a week.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Max Financial Services Limited has informed the Exchange about a copy of the Newspaper Publication for of Unaudited Financial Results for the quarter ended June 30, 2026
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August 15, 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: Newspaper publications of Unaudited Financial Results for the quarter ended June 30,
2026
Dear Sir/Madam,
Further to our letter dated August 13, 2026, please find enclosed copies of newspaper
advertisements regarding the publishing of Unaudited Financial Results (both standalone and
consolidated) for the quarter ended June 30, 2026.
You are requested to kindly take the aforesaid on record.
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
mint NEWS SATURDAY, 15 AUGUST 2026 19
I.IVEMINT.C0:,.-1 NEW DELHI
SAT allows Zee to raise funds NSE aims to launch
its IPO in mid-Sep
Relief to proceed with '1'3,143 crore fundraise is contingent on company depositing Sebi penalty within a week In June, NSE filed its draft
red herring prosr•ectus with
themarketregulatorforwhat
Yash Tiwari & Apoorva Aptl1 payments, and payingcreditors. Sebi property owned by Zee was alleg could be one of the biggest·
MUMBAI opposed Zee's plea. arguingthatthe edly used as security for loans ever JPOs in India. In one of
matterinwlw.'<lscriousviolationsby wken by promoter-linked private the largest secondary market
Th e Securities Appellate the company's promoters, who companies. The trans.iction took transactions via an offer for
Tribunal (SAT) on Friday allegedly used properlies of the place in December 2018 and. sale(OFS).existingsharehold
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posed !f3.143 crore fundraise. I-low ~~~e;:s wl;~l~n~~ee~~~~t shareholders getting a partial India's biggest-ever IPOs. ~EllTEl'S
ever, the reliefiscontingenton the challengingSebi's31 July failed to properly inform or complete exi1 from a com
companydcpositingthc full penalty order that batTed it from ZEE.had challenged shareholders about the pany, with nofundsflowingto ket share of69.4 % atthe end of
imposed by the Securities and accessing the securities ~1~~~~;~z~~~~~e arrangement thedeb11tingcomp.1ny. June, with BSEaccountingfor
Exchange Board of India (Sebi) market for two months, secuntiesmarket According to Sebi. The country's largest stock theresL
within one week and promoter Subhash for two months Zee·s statutory auditor exchange had a 93.1% market F.quity op1 ions contributed
While the tribunal maintained Chandraandchiefexecu- had reported that the share in the equity cash seg 76.55% of NSE's transaction
Sebi's market-access restrictions, t.ive officer Puni! Goenka ~!6i·~~~:!~~!~~~ss original title deeds ofc er- ment at the end of June. wilh rewnue of n3.057 crore in
bit y g pa cv re m Z ie le li o np ge tr ha et i mon ea dl i af l ge rx oib ui pli t ty o ;~~ ~~epi::~·-a ~~~ I~~~ z:r~~~~fb~~~ gave ~~~i'~~~~~~~~s t\~~r~~;~~ s fom ra l tl he er ri rv ea sl t .B S aE c ca oc rc do iu nn gti n tog TFY ra2 n6 s. a a cc tc ioo nrd ri en vg e nto u N e.S iE n td ua rt na .
transact in its mutual fund invest On 31 July, Zee's shareholders approved raising n,143.5 er ore. penalty on Zee and {58 flexibility pany. Sebi added in its exchange data. In equity accounted for 79%of consoli
ments to cover day-to-day busi lakhonGoenka. ----- order that Zee was options, which is the key reve dated operating revenue of
ness expenses. It clarified. how week from Friday. pushing back the At a previous hearing on Wednes On31July. Zee'ssharc- required to disclose the nue generator for both t16,601 crore in FY26.
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bourses, NSE enjoyed a mar- mm.sahgal(ff'.livemi11t.com
dividends. bunal granted conditional relief, liquid mutual fund i11vestmen1s to ,~% to 23.79%. site. Mzee failed to make the said 1hs-
The tribunal also extended the closing at {102on the National Stock cover routine operational costs. Thc case slCms from Se bi's !ind- closure," It said
deadline for issuing warrants by one Exchange. including film production. vendo1 1ngs m its 31 July linal order that a )'tMh.hwan@lwemmt.com AHMEDABAD MUNICIPAL
&CORPORATION
Sebi examined Deloitte's role in Zee case, gave clean chit (BRIDGE PROJECT)
E-TENDER NOTICE
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The Securities and ThecascdatcstoDecembcr auditor in 2022, Sebi ruled that not obliged to tory auditor. The reliance with its proposed {3,14:{crore ~rnos~1~g ~fg~~;;n!~~ c:~~~~ (Without GSTJ
Exchange Boardoflndia 2018. when promoterSubhash had flagge1:I on 17 the complete investigate why placed upon the report of fundraise, while maintaining
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in 2024overits role as the stat the title deeds of its 17,639.64 liscal year 2019 transaction were of the sources. barred ZEEL from the Sl..-'Cllri· The reliefis also contingent TenderUploadedonWebsiteon: Date:17/08/2026
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