Development · 26 Aug 2026

Sebi disposed of proceedings against Max Financial Services, Max Life, and Axis Group entities over an alleged ₹3,911 crore shareholder loss, finding that disclosure lapses and a fraudulent scheme were not established.

3 publishers have reported this development. Each act of reporting is below, cited.

The record

livemint.com indiatimes.com thehindubusinessline.com25 Aug 2026

A single act of reporting so far, corroborating sources join this record as they publish.

Max Financial Services

₹1,392.00

▲ +1.35%

Close (EOD), as of 1 Oct 2026 · source

Max Financial Services: results, dividends, orders, the full cited record →

More on Max Financial Services

JPMorgan outlined a clear pecking order among listed insurers, placing SBI Life at the top of its preference list, followed by HDFC Life, Max Financial Services, ICICI Lombard, ICICI Prudential Life, and Life Insurance Corporation of India.

29 Sep 2026 · 1 publisher

Insurance and insurance-linked stocks led the fall on the Nifty 500 at market open on Thursday, September 25, a day after IRDAI proposed sweeping changes to insurance distribution economics.

24 Sep 2026 · 1 publisher

The Securities and Exchange Board of India (Sebi) has dropped proceedings against Max Financial Services, Max Life Insurance Company, Axis Bank and other Axis group entities, concluding that allegations of disclosure lapses and a fraudulent scheme could not be proved.

26 Aug 2026 · 1 publisher

Every claim carries its citation

This page is the corroborated record of one development: what each credible source reported, linked and dated. We compile and cite; we do not opine.

New here? The reader's guide explains every page, plate by plate.

fregime is informational research software. Content on this page is factual reporting compiled from cited public sources; nothing here is advice, and nothing here expresses an opinion on any security. fregime is not registered with SEBI as an investment adviser or research analyst. Before making investment decisions, consult a SEBI-registered adviser. Price figures are delayed end-of-day values cited to the exchange's published file, never live quotes.