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SHAREHOLDING PATTERN

You can view the shareholding pattern for the latest three quarters for the company under two broad categories (Promoter & Non Promters).
Max Financial Services Ltd.
Shareholding Pattern as on 30/09/2025
Summary statement holding of specified securities
Category of shareholder Nos. of shareholders No. of fully paid up equity shares held Total nos. shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) Shareholding as a % assuming full conversion of convertible securities (as a percentage of diluted share capital) As a % of (A+B+C2) Number of equity shares held in dematerialized form
(A) Promoter & Promoter Group 4 5916256 5916256 1.71 1.71 5916256
(B) Public 76235 339198515 339198515 98.29 98.29 338754895
(C1) Shares underlying DRs 0 0 0 0.00 0.00 0
(C2) Shares held by Employee Trust 0 0 0 0.00 0.00 0
(C) Non Promoter-Non Public 0 0 0 0.00 0.00 0
Grand Total 76239 345114771 345114771 100.00 100.00 344671151

Category of shareholder Nos. of shareholders No. of fully paid up equity shares held No. of shares underlying Depository Receipts Total nos. shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) Number of equity shares held in dematerialized form
Shareholding of Promoter and Promoter Group
Indian
Individuals / Hindu Undivided Family 3 320333 0 320333 0.09 320333
ANALJIT SINGH 1 110000 0 110000 0.03 110000
PIYA SINGH 1 110333 0 110333 0.03 110333
TARA SINGH VACHANI 1 100000 0 100000 0.03 100000
ANALJIT SINGH (HUF) 0 0 0 0 0.00 0
AVYA VACHANI 0 0 0 0 0.00 0
SAHIL VACHANI 0 0 0 0 0.00 0
VEDA VACHANI 0 0 0 0 0.00 0
VEER SINGH 0 0 0 0 0.00 0
Any Other (specify) 1 5595923 0 5595923 1.62 5595923
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED 1 5595923 0 5595923 1.62 5595923
ABK Consultants Private Limited 0 0 0 0 0.00 0
Anchor Management Services Private Limited 0 0 0 0 0.00 0
Capricorn Health Services Private Limited 0 0 0 0 0.00 0
Capricorn Hospitality Services Private Limited 0 0 0 0 0.00 0
Devavani Lifestyle Private Limited 0 0 0 0 0.00 0
Drugyel Estates Private Limited (Bhutan) 0 0 0 0 0.00 0
Gaylord Impex Limited 0 0 0 0 0.00 0
Harmonious Hospitality Private Limited 0 0 0 0 0.00 0
Hometrail Properties Private Limited 0 0 0 0 0.00 0
iCare Health Projects and Research Private Limited 0 0 0 0 0.00 0
Lakeview Enterprises 0 0 0 0 0.00 0
Leo Retailing and Health Services Private Limited 0 0 0 0 0.00 0
LGO PTE. Limited 0 0 0 0 0.00 0
Malsi Hotels Limited 0 0 0 0 0.00 0
Max Estates Limited 0 0 0 0 0.00 0
Max India Limited 0 0 0 0 0.00 0
Max Learning Ventures Private Limited 0 0 0 0 0.00 0
Max Ventures Private Limited 0 0 0 0 0.00 0
New Delhi House Services Limited 0 0 0 0 0.00 0
Nurture Health Services Private Limited 0 0 0 0 0.00 0
P V T Ventures Private Limited 0 0 0 0 0.00 0
Piveta Estates Private Limited 0 0 0 0 0.00 0
Rama Krishna Cold-Chem Limited 0 0 0 0 0.00 0
Riga Foods LLP 0 0 0 0 0.00 0
Sants Holding Limited, UAE 0 0 0 0 0.00 0
Seven Heaven Buildmart Private Limited 0 0 0 0 0.00 0
Shakyasimha Foundation 0 0 0 0 0.00 0
Shakyasimha Ventures Private Limited 0 0 0 0 0.00 0
Siva Finvest Private Limited 0 0 0 0 0.00 0
Siva Reality Ventures Private Limited 0 0 0 0 0.00 0
Solace Hotels and Hospitality Services Private Limited 0 0 0 0 0.00 0
Southend Houses Private Limited (FKA SKA Diagnostic Private Limited) 0 0 0 0 0.00 0
Terra Planet Estate Private Limited 0 0 0 0 0.00 0
Topline Electonics Private Limited 0 0 0 0 0.00 0
TR Asset Ventures Private Limited 0 0 0 0 0.00 0
Trophy Estates Private Limited 0 0 0 0 0.00 0
Trophy Resorts and Guest Houses Private Limited 0 0 0 0 0.00 0
TVP Investments Private Limited 0 0 0 0 0.00 0
Twiggy Ventures Private Limited 0 0 0 0 0.00 0
Vana Enterprises Limited 0 0 0 0 0.00 0
Vana Foundation 0 0 0 0 0.00 0
Vana Resorts & Hotels Private Limited 0 0 0 0 0.00 0
Vana Retreats Private Limited 0 0 0 0 0.00 0
Vana Therapiya Private Limited 0 0 0 0 0.00 0
Vana Ventures Limited 0 0 0 0 0.00 0
Vanaveda Lifestyle Private Limited 0 0 0 0 0.00 0
Vitasta Estates Private Limited 0 0 0 0 0.00 0
Vstar Ventures LLP 0 0 0 0 0.00 0
Wegmans Business Park Private Limited 0 0 0 0 0.00 0
Grand Total45916256059162561.715916256
Public Shareholding
Institutions
Mutual Funds 36 133413570 0 133413570 38.66 133413170
HDFC MUTUAL FUND - HDFC NIFTY LARGE MIDC AP 250 INDEX FUND 1 31348731 0 31348731 9.08 31348731
NIPPON LIFE INDIA TRUSTEE LTD A/C NIFTY 500 LOW VOLATILITY 50 INDEX FUND 1 19465206 0 19465206 5.64 19465206
ICICI PRUDENTIAL QUALITY FUND 1 11736505 0 11736505 3.40 11736505
DSP BUSINESS CYCLE FUND 1 10118285 0 10118285 2.93 10118285
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY ALPHA 50 INDEX FUND 1 10111549 0 10111549 2.93 10111549
SBI NIFTY200 MOMENTUM 30 INDEX FUND 1 8158669 0 8158669 2.36 8158669
ADITYA BIRLA SUN LIFE TRUSTEE P LTD A/C - ADITYA BIRLA SUN LIFE BSE 500 MOM 50 1 6331452 0 6331452 1.83 6331452
UTI QUANT FUND 1 4773668 0 4773668 1.38 4773668
INVESCO INDIA ARBITRAGE FUND 1 3744892 0 3744892 1.09 3744892
Insurance Companies 15 22641358 0 22641358 6.56 22641358
HDFC LIFE INSURANCE CO LTD -SHAREHOLDERS SOLVENCY MARGIN ACCOUNT 1 7822763 0 7822763 2.27 7822763
SBI LIFE INSURANCE CO. LTD 1 5940785 0 5940785 1.72 5940785
TATA AIA LIFE INSURANCE COMPANY LIMITED A/C MOMENTUM 50 INDEX FUND 1 3497429 0 3497429 1.01 3497429
Alternate Investment Funds 40 7042515 0 7042515 2.04 7042515
NBFCs registered with RBI 2 4628 0 4628 0.00 4628
Banks 2 825 0 825 0.00 825
Foreign Portfolio Investors Category I 307 75498163 0 75498163 21.88 75498163
SMALLCAP WORLD FUND, INC 1 8692157 0 8692157 2.52 8692157
KOTAK FUNDS - INDIA MIDCAP FUND 1 3809000 0 3809000 1.10 3809000
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 1 3796957 0 3796957 1.10 3796957
POLAR CAPITAL FUNDS PLC - EMERGING MARKE T STARS FUND 1 3629452 0 3629452 1.05 3629452
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERN 1 3476390 0 3476390 1.01 3476390
Other Financial Institutions 2 1500 0 1500 0.00 0
Foreign Portfolio Investors Category II 22 3590598 0 3590598 1.04 3590598
Foreign Direct Investment 1 75458088 0 75458088 21.86 75458088
MITSUI SUMITOMO INSURANCE COMPANY LIMITED 1 75458088 0 75458088 21.86 75458088
Sub Total427317651245031765124592.04317649345
Non-Institutions
Any Others (Specify) 40 2134630 0 2134630 0.62 2134630
Trusts 6 2076936 0 2076936 0.60 2076936
Clearing Members 33 20149 0 20149 0.01 20149
Unclaimed or Suspense or Escrow Account 1 37545 0 37545 0.01 37545
Bodies Corporate 1303 1729442 0 1729442 0.50 1727757
Resident Individuals holding nominal share capital up to Rs. 2 lakhs 71659 14432776 0 14432776 4.18 14005691
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 5 1289075 0 1289075 0.37 1289075
Non Resident Indians (NRIs) 2797 1107940 0 1107940 0.32 1094990
Key Managerial Personnel 2 5173 0 5173 0.00 5173
Investor Education and Protection Fund (IEPF) 1 847716 0 847716 0.25 847716
Foreign Nationals 1 518 0 518 0.00 518
Sub Total75808215472700215472706.2421105550
Grand Total76235339198515033919851598.28338754895