Registered Office:

Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab - 144533.

Investor Helpline:

Max House, 1, Dr. Jha Marg, Okhla,

Phase III, New Delhi–110 020

Phone: 011 42598000, Fax–011 26324126

E-mail: investorhelpline@maxindia.com

Share Transfer Agent:

Mas Services Limited, T-34, 2nd Floor,

Okhla Industrial Area, Phase - II New Delhi–110 020,

Tel–011 26387281/82/83, Fax–011 26387384

E-mail:info@masserv.com

Annual General Meeting:

Date and Time: Tuesday, September 25, 2018 at 11.00 am

Venue: Registered Office of the Company at Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab-144 533.

Book Closure: Wednesday, September 19, 2018 to Tuesday, September 25, 2018 (both days inclusive)

Financial Year: The financial year of the Company starts from April 1st of a year and ends on March 31st of the following year.

FINANCIAL CALENDAR – 2018-19:

1 First quarter results By first week of August 2018
2 Second quarter & half yearly results By second week of November 2018
3 Third quarter results By second week of February 2019
4 Annual results By May 30, 2019

LISTING ON STOCK EXCHANGES:

The Equity Shares of the Company are listed on the BSE Limited (‘BSE’) and the National Stock Exchange of India Limited (‘NSE’). The Company confirms that it has paid annual listing fees due to BSE and NSE for the year 2018-19.

CONNECTIVITY WITH DEPOSITORIES:

The Company’s shares are in dematerialized mode through National Securities Depository Limited (‘NSDL’) and Central Depository Services (India) Limited (‘CDSL’).

STOCK CODE:

BSE 500271
NSE MSFL
Demat ISIN No. for NSDL and CDSL INE180A01020
Reuters Bloomberg
BSE MAXI.BO MAXF:IN
NSE MAXI.NS NMAX:IN

SHARE PRICE DATA - MONTHLY HIGH AND LOW QUOTAT ION ON NSE AND BSE

Month NSE BSE
High(₹) Low(₹) High(₹) Low(₹)
April, 17 675.95 560.00 675.00 560.80
May, 17 683.95 514.00 683.20 513.80
June, 17 640.20 568.85 638.20 570.05
July, 17 639.95 567.40 640.00 566.00
August, 17 629.75 576.65 629.00 577.05
September, 17 652.90 580.25 652.70 580.20
October, 17 604.00 552.95 610.00 551.00
November, 17 590.05 540.95 591.00 541.25
December, 17 611.25 520.15 610.00 516.20
January, 18 604.75 515.00 604.20 515.85
February, 18 557.35 485.65 556.65 486.05
March, 18 501.00 417.30 500.65 418.00

Share Price Vs Sensex

Shareholding Pattern as on 31st March, 2018:

Category No. of shares held % of shareholding
Promoters 8,13,02,738 30.29
Mutual Funds and UTI 7,47,34,785 27.85
Banks, Financial Institutions 4,16,602 0.16
Insurance Companies 45,750 0.02
Foreign Institutional Investors 1,16,33,206 4.33
Foreign Portfolio Investors 6,75,11,500 25.15
Alternate Investment Funds 11,29,369 0.42
Bodies Corporate 49,32,001 1.84
Non-resident Indians/ Overseas Corporate Bodies 15,78,081 0.59
Clearing Members 4,09,201 0.15
Resident Individuals 2,37,18,911 8.84
Trusts 5,00,823 0.19
Unclaimed Suspense Account 4,71,060 0.17
Total 26,83,84,027 100.00

Distribution of shareholding as on 31st March, 2017:

No. of Shareholders Percentage of Total Shareholdings No. of shares Percentage to Total Shares
63,494 97.63 1 to 5000 1,73,88,951 6.48
814 1.25 5001 to 10000 29,13,209 1.08
315 0.48 10001 to 20000 22,68,813 0.85
92 0.14 20001 to 30000 11,41,105 0.43
62 0.10 30001 to 40000 10,68,290 0.40
28 0.04 40001 to 50000 6,45,880 0.24
63 0.10 50001 to 100000 22,91,660 0.85
171 0.26 100001 - Above 24,06,66,119 89.67
65,039 100.00 Total 26,83,84,027 100.00

Dematerialisation status as on 31st March, 2017:

  • Shareholding in dematerialised mode 99.41%
  • Shareholding in physical mode 0.59%

Reconciliation of Share Capital Audit

As stipulated by the Regulation 55A of SEBI (Depositories and Participants) Regulations, 1996, a practicing Company Secretary carries out the Reconciliation of Share Capital Audit, on a quarterly basis, to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) with the total listed and paid-up capital. The audit report, inter alia, confirms that the total listed and paid up capital of the Company is in agreement with the aggregate of the total number of shares in dematerialized form and total number of shares in physical form.

For shareholders holding shares in dematerialised mode

Shareholders holding shares in dematerialised mode are requested to intimate all changes with respect to bank details, mandate, nomination, power of attorney, change of address, change of name etc. to their depository participant (DP). These changes will be reflected in the Company’s records on the downloading of information from Depositories, which will help the Company provide better service to its shareholders.

FOR SHAREHOLDERS HOLDING THEIR EQUITY SHARES IN PHYSICAL FORM

Your kind attention is drawn towards the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)(Fourth amendment) Regulations, 2018 notified on June 8, 2018, vide which SEBI prescribed that w.e.f. December 5, 2018, the transfer of securities, in physical form, shall not be processed unless securities are held in dematerialized form with any of the depository and therefore, all members holding shares in physical form are further advised to convert their shareholding from Physical form to Demat form with a Depository Participant of their choice.

Holding share(s) in Demat form has following advantages:

  1. Freedom from physical storage

  2. Elimination of chances of theft, mutilation, defacement etc.

  3. Easy to sell and realize sale proceeds and/or dividend in the bank account linked with the Depository.

  4. Contribution to the 'Green Initiative'

  5. To make any change in your particulars, you can make single request with your DP, which will be applicable to shareholding in all companies in your demat account.

  6. Demat account can be operated from anywhere in the world.

Share Transfer System

In respect of shares upto 1000 per folio, transfers (including transmission) are effected on a weekly basis. For others, the transfers are effected within limits prescribed by law. The average turnaround time for processing registration of transfers is 15 days from the date of receipt of requests. The processing activities with respect to requests received for dematerialisation are generally completed within 7 -10 days.

Dividend

The Company has not declared any dividend for the current financial year.

The Board of Directors approved a Dividend Distribution Policy in line with Regulation 43A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). The said policy is enclosed as an annexure to the Directors’ Report and is also available on the website of the Company www.maxfinancialservices.com.

Unclaimed Dividend

In respect of any unpaid / unclaimed dividends, the shareholders are requested to write to the Registrar and Share Transfer Agent of the Company. Further, the Companies Act, 2013, mandates companies to transfer Dividend that remains unclaimed for a period of seven years to the Investor Education and Protection Fund (IEPF). Therefore, balance if any remaining unclaimed/ unpaid against the past dividend(s), will be transferred to IEPF within the statutory period prescribed under the Act.

OUTSTAN DING GDRS/ADRS/WARRANTS OR ANY CONVERT IBLE INSTRUMENTS, CONVERSION DATE AND LIKELY IMPACT ON EQUITY:

Not Applicable

Plant Locations :

Not Applicable

Communication of Financial Results

The unaudited quarterly financial results and the audited annual accounts are normally published in the Financial Express (English) and Desh Sewak (Punjabi). The financial results, press releases and presentations etc. are regularly displayed on the Company’s website www.maxfinancialservices.com

Address for Correspondence with the Company

Investors and shareholders can correspond with the office of the share transfer agent of the Company or the Corporate Office of the Company at the following addresses:

Mas Services Limited (Registrar & Share Transfer Agent)

T-34, 2nd Floor Okhla Industrial Area, Phase – II

New Delhi – 110 020

Contact Person

Mr. Sharwan Mangla

Tel No.:-011-26387281/82/83

Fax No.:- 011 – 26387384

E-mail : info@masserv.com

Max Financial Services Limited (Corporate Office)

Secretarial Department

Max House, 1, Dr. Jha Marg

Okhla Industrial Area, Phase – III

New Delhi – 110 020

Company Secretary and Compliance Officer

Mr. Sandeep Pathak

Tel. No.:- 011-42598000

Fax No.:- 011-26324126

E-mail:- spathak@maxindia.com

Please visit us at www.maxfinancialservices.com for financial and other information about your Company


Place: New Delhi

Date: August 6, 2018

For Max Financial Services Limited

(formerly Max India Limited)

Mohit Talwar

Managing Director

DIN: 02394694