General information about company

Name of The CompanyMax Financial Services Limited
BSE Scrip Code500271
NSE SymbolMFSL
MSE SymbolNA
Date of Start of Financial Year01-04-2024
Date of End of Financial Year31-03-2025
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2024
Date of End of Reporting Period30-09-2024
Level of rounding to be used in disclosing related party transactionsLakhs
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes



(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank�s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a �high value debt listed entity� according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated28-01-2022
Indicate Company website link for updated RPT policy of the Companyhttps://www.maxfinancialservices.com/investorrelations?category=Shareholder






Related party transactions

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investmentsNotes
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment )Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entitySale of goods or services50NA2500Textual Information(1)
2Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionRecovery of expenses incurred39NA18.5800Textual Information(2)
3Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityPurchase of goods or services100NA6000Textual Information(3)
4Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionReimbursement of expenses3.76NA3.76-0.990Textual Information(4)
5Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionLease rental & other charges received1.8NA0.900Textual Information(5)
6Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionLease rental and other charges paid34.12NA17.0600Textual Information(6)
7Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionTransfer of employee from MIL35NA29.6300Textual Information(7)
8Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionSecurity Deposit received0NA0-0.45-0.45Textual Information(8)
9Max Financial Services Limited AABCM1204GMax India LimitedAARCA8316KEntities with joint control or significant influence over entityAny other transactionSecurity Deposit paid0NA08.538.53Textual Information(9)
10Max Financial Services Limited AABCM1204GDelhi Guest House Pvt LimitedAAACD3616Q Entities with joint control or significant influence over entityPurchase of goods or services110.12NA55.54-12.590Textual Information(10)
11Max Financial Services Limited AABCM1204GDelhi Guest House Pvt LimitedAAACD3616Q Entities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA027.7427.74Textual Information(11)
12Max Financial Services Limited AABCM1204GMax UK LimitedAAGCM8018FEntities with joint control or significant influence over entityPurchase of goods or services96NA48-46.01-48Textual Information(12)
13Max Financial Services Limited AABCM1204GNew Delhi House Services LimitedAACCM0150CEntities with joint control or significant influence over entityPurchase of goods or services130NA57.4-15.74-10.46Textual Information(13)
14Max Financial Services Limited AABCM1204GNew Delhi House Services LimitedAACCM0150CEntities with joint control or significant influence over entityAny other transactionOthers106.25NA33.57-5.060Textual Information(14)
15Max Financial Services Limited AABCM1204GNew Delhi House Services LimitedAACCM0150CEntities with joint control or significant influence over entityAny other transactionRecovery of expenses incurred25NA4.7900Textual Information(15)
16Max Financial Services Limited AABCM1204GSKA Diagnostic Private LimitedAAICS4601AEntities with joint control or significant influence over entityPurchase of goods or services75NA37.500Textual Information(16)
17Max Financial Services Limited AABCM1204GSKA Diagnostic Private LimitedAAICS4601AEntities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA018.7518.75Textual Information(17)
18Max Financial Services Limited AABCM1204GMax Asset Services LimitedAAKCM5286BEntities with joint control or significant influence over entityPurchase of goods or services11.39NA4.05-9.570Textual Information(18)
19Max Financial Services Limited AABCM1204GMax Asset Services LimitedAAKCM5286BEntities with joint control or significant influence over entityAny other transactionSecurity deposit paid0NA01.481.48Textual Information(19)
20Max Financial Services Limited AABCM1204GMax Estates LimitedAAKCM2620DEntities with joint control or significant influence over entityAny other transactionRecovery of expenses incurred39NA18.581.7221.93Textual Information(20)
21Max Financial Services Limited AABCM1204GMax Financial Services Limited Employees� Provident Fund TrustAAATM1511AEntities with joint control or significant influence over entityAny other transactionPost employment benefits0NA8.9900Textual Information(21)
22Max Financial Services Limited AABCM1204GMr. V KrishnanAIOPK9417FKey management personnel of entityRemuneration0NA110.4700Textual Information(22)
23Max Financial Services Limited AABCM1204GMr. Amrit Pal SinghASXPS1781RKey management personnel of entityRemuneration0NA1100Textual Information(23)
24Max Financial Services Limited AABCM1204GMr. Piyush SoniGARPS4922QKey management personnel of entityRemuneration0NA24.1300Textual Information(24)
25Max Financial Services Limited AABCM1204GMr. Analjit SinghABLPS7514DKey management personnel of entityAny other transactionSitting Fee0NA300Textual Information(25)
26Max Financial Services Limited AABCM1204GMr. K Narasimha MurthyADFPK0974K Key management personnel of entityAny other transactionSitting Fee0NA500Textual Information(26)
27Max Financial Services Limited AABCM1204GMr. Aman MehtaAAGPM5030J Key management personnel of entityAny other transactionSitting Fee0NA400Textual Information(27)
28Max Financial Services Limited AABCM1204GMr. D.K. MittalABWPM4165B Key management personnel of entityAny other transactionSitting Fee0NA700Textual Information(28)
29Max Financial Services Limited AABCM1204GMr. Sahil VachaniADJPV6597KKey management personnel of entityAny other transactionSitting Fee0NA100Textual Information(29)
30Max Financial Services Limited AABCM1204GMr. Jai AryaAADPA8607QKey management personnel of entityAny other transactionSitting Fee0NA500Textual Information(30)
31Max Financial Services Limited AABCM1204GMrs. Gauri PadmanabhanAECPP5468DKey management personnel of entityAny other transactionSitting Fee0NA300Textual Information(31)
32Max Financial Services Limited AABCM1204GMr. Charles Richard Veroon StaggKWDPS7981BKey management personnel of entityAny other transactionSitting Fee0NA400Textual Information(32)
33Max Financial Services Limited AABCM1204GMr. K Narasimha MurthyADFPK0974K Key management personnel of entityRemuneration0NA2000Textual Information(33)
34Max Financial Services Limited AABCM1204GMr. Aman MehtaAAGPM5030J Key management personnel of entityRemuneration0NA3000Textual Information(34)
35Max Financial Services Limited AABCM1204GMr. D.K. MittalABWPM4165B Key management personnel of entityRemuneration0NA2000Textual Information(35)
36Max Financial Services Limited AABCM1204GMr. Charles Richard Veroon StaggKWDPS7981BKey management personnel of entityRemuneration0NA2000Textual Information(36)
37Max Financial Services Limited AABCM1204GMr. Jai AryaAADPA8607QKey management personnel of entityRemuneration0NA2000Textual Information(37)
38Max Financial Services Limited AABCM1204GMrs. Gauri PadmanabhanAECPP5468DKey management personnel of entityRemuneration0NA2000Textual Information(38)
39Max Life Insurance Company LimitedAACCM3201EMax Estates LimitedAAKCM2620DEntities with joint control or significant influence over entityAny other transactionLease rental received5585NA258.0500Textual Information(39)
40Max Life Insurance Company LimitedAACCM3201EMax Estates LimitedAAKCM2620DEntities with joint control or significant influence over entitySale of goods or services0NA6.92-1.24-1.14Textual Information(40)
41Max Life Insurance Company LimitedAACCM3201EMax Estates LimitedAAKCM2620DEntities with joint control or significant influence over entityAny other transactionSecurity deposit received0NA25.48-244-269.48Textual Information(41)
42Max Life Insurance Company LimitedAACCM3201EMax India LimitedAARCA8316KEntities with joint control or significant influence over entitySale of goods or services0NA0.02-0.5-5.4Textual Information(42)
43Max Life Insurance Company LimitedAACCM3201ENew Delhi House Services LimitedAACCM0150CEntities with joint control or significant influence over entityAny other transactionOthers0NA19.36-19.36-19.36Textual Information(43)
44Max Life Insurance Company LimitedAACCM3201ENew Delhi House Services LimitedAACCM0150CEntities with joint control or significant influence over entitySale of goods or services0NA0.04-0.74-3.26Textual Information(44)
45Max Life Insurance Company LimitedAACCM3201EMax Financial Services Limited Employees� Provident Fund TrustAAATM1511AEntities with joint control or significant influence over entityAny other transactionPost employment benefits0NA3652.200Textual Information(45)
46Max Life Insurance Company LimitedAACCM3201EMax India FoundationAAATM7314FEntities with joint control or significant influence over entityAny other transactionDonation for CSR activity800NA400200.07212.62Textual Information(46)
47Max Life Insurance Company LimitedAACCM3201EAntara Senior Living LimitedAAJCA4540REntities with joint control or significant influence over entitySale of goods or services0NA0.22-2.04-1.74Textual Information(47)
48Max Life Insurance Company LimitedAACCM3201EAntara Purukul Senior Living LimitedAAGCS4077CEntities with joint control or significant influence over entitySale of goods or services0NA0.05-0.11-0.05Textual Information(48)
49Max Life Insurance Company LimitedAACCM3201EMax Ventures Investment Holding LtdAAACD0213HEntities with joint control or significant influence over entitySale of goods or services0NA0.02-0.47-3.71Textual Information(49)
50Max Life Insurance Company LimitedAACCM3201EAntara Assisted Care Services LimitedAALCA0727AEntities with joint control or significant influence over entitySale of goods or services0NA1.68-0.98-1Textual Information(50)
51Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiarySale of goods or services0NA23937.88-2256.09-1166.96Textual Information(51)
52Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryAny other transactionIncome on Investments0NA1558.72739.012311.84Textual Information(52)
53Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryPurchase of goods or services130000NA51298.17-18018.67-8022.96Textual Information(53)
54Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryPurchase of goods or services75000NA6348.35-29.13-2120.1Textual Information(54)
55Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryDividend received0NA44.5500Textual Information(55)
56Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryInvestment0NA085307.5793535.41Textual Information(56)
57Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryAny other transactionTerm Deposits0NA037.6338.8Textual Information(57)
58Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryAny other transactionBank Balances0NA078785.9315425.16Textual Information(58)
59Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryAny other transactionInvestment in Share Capital of the Company by Axis Bank Limited0NA16120000Textual Information(59)
60Max Life Insurance Company LimitedAACCM3201EAxis Bank LimitedAAACU2414KEntity with significant influence over subsidiaryPurchase of goods or services5NA0-1.380Textual Information(60)
61Max Life Insurance Company LimitedAACCM3201EIndian School of BusinessAAACI6797Ha private company in which a director or manager or his relative is a member or directorPurchase of goods or services5NA0-1.380Textual Information(61)
62Max Life Insurance Company LimitedAACCM3201EMr. Prashant TripathiABTPT2026PKey management personnel of subsidiaryRemuneration0NA43400Textual Information(62)
63Max Life Insurance Company LimitedAACCM3201EMr. Amrit Pal SinghASXPS1781RKey management personnel of subsidiaryRemuneration0NA26600Textual Information(63)
64Max Life Insurance Company LimitedAACCM3201EMr. Anurag ChauhanADQPC1011LKey management personnel of subsidiaryRemuneration0NA32400Textual Information(64)
65Max Life Insurance Company LimitedAACCM3201EMr. Prashant TripathiABTPT2026PKey management personnel of subsidiarySale of goods or services0NA0.8300Textual Information(65)
66Max Life Insurance Company LimitedAACCM3201EMr. Amrit Pal SinghASXPS1781RKey management personnel of subsidiarySale of goods or services0NA1000Textual Information(66)
67Max Life Insurance Company LimitedAACCM3201EMr. Anurag ChauhanADQPC1011LKey management personnel of subsidiarySale of goods or services0NA0.1300Textual Information(67)
68Max Life Insurance Company LimitedAACCM3201EMr. Jai AryaAADPA8607QKey management personnel of subsidiaryAny other transactionSitting Fee0NA1100Textual Information(68)
69Max Life Insurance Company LimitedAACCM3201EMr. Girish Sriskrishna ParanjpeABGPP8377CKey management personnel of subsidiaryAny other transactionSitting Fee0NA800Textual Information(69)
70Max Life Insurance Company LimitedAACCM3201EMr. Pradeep PantAAAPP0398JKey management personnel of subsidiaryAny other transactionSitting Fee0NA600Textual Information(70)
71Max Life Insurance Company LimitedAACCM3201EMr. Rajesh KhannaAMJPK3268MKey management personnel of subsidiaryAny other transactionSitting Fee0NA1100Textual Information(71)
72Max Life Insurance Company LimitedAACCM3201EMr. K Narasimha MurthyADFPK0974K Key management personnel of subsidiaryAny other transactionCommission0NA2000Textual Information(72)
73Max Life Insurance Company LimitedAACCM3201EMr. Girish Sriskrishna ParanjpeABGPP8377CKey management personnel of subsidiaryAny other transactionCommission0NA2000Textual Information(73)
74Max Life Insurance Company LimitedAACCM3201EMr. Pradeep PantAAAPP0398JKey management personnel of subsidiaryAny other transactionCommission0NA2000Textual Information(74)
75Max Life Insurance Company LimitedAACCM3201EMr. Rajesh KhannaAMJPK3268MKey management personnel of subsidiaryAny other transactionCommission0NA2000Textual Information(75)
76Max Life Insurance Company LimitedAACCM3201EMr. Rajesh DahiyaADXPD9316QKey management personnel of entityAny other transactionSitting Fee0NA500Textual Information(76)
77Max Life Insurance Company LimitedAACCM3201EIndian School of BusinessAAACI6797Ha private company in which a director or manager or his relative is a member or directorSale of goods or services0NA0.310-1.02Textual Information(77)
78Max Life Pension Fund Management LimitedAACCM3201EMr. Ranbeer DhariwalAJRPD5671LKey management personnel of subsidiaryRemuneration0NA81.7700Textual Information(78)
79Max Life Pension Fund Management LimitedAACCM3201EMr. Suresh BhagavatulaAIWPB7392QKey management personnel of subsidiaryRemuneration0NA13.0200Textual Information(79)
80Max Life Pension Fund Management LimitedAACCM3201EMr. Nikhil KalraBLCPK1415RKey management personnel of subsidiaryRemuneration0NA15.5700Textual Information(80)
81Max Life Pension Fund Management LimitedAACCM3201EMr. K Narasimha MurthyADFPK0974K Key management personnel of subsidiaryAny other transactionSitting Fee0NA3.600Textual Information(81)
82Max Life Pension Fund Management LimitedAACCM3201EMr. Ashok Brijmohan KackerAAHPK4548GKey management personnel of subsidiaryAny other transactionSitting Fee0NA1.800Textual Information(82)
83Max Life Pension Fund Management LimitedAACCM3201EMs. Sonu BhasinAFPPB3402BKey management personnel of subsidiaryAny other transactionSitting Fee0NA2.800Textual Information(83)
84Max Life Pension Fund Management LimitedAAPCM5100RMr. Sunil KakarALVPK7363AKey management personnel of subsidiaryAny other transactionSitting Fee0NA1.400Textual Information(84)
Total value of transaction during the reporting period250758.89