Shareholding Pattern: Shareholding Pattern Max Financial Services Limited An Examination of Financial Performance for FY (Q4-Mar 2023-2024)

Shareholder Name	Previous Quater Quantity(In Crores)	Current Quater Quantity(In Crores)	Previous Quater Shares(in %)	Current Quater Shares(in %)	Quater to Quater Difference
Promoters	2.25	2.25	6.52	6.52	0
Public	1.97	2.02	5.7	5.85	+0.15 %
DII	12.73	13.78	36.89	39.92	+3.03 %
FII	17.56	16.47	50.89	47.71	-3.18 %
Government	0.00	0.00	0	0	0

Promoters shareholding remained stable, at 6.52% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding increased from 36.89% in December 2023 to 39.92% in March 2024 , indicating that domestic institutions increased their stake in the company by 3.03% . FIIs (Foreign Institutional Investors) shareholding decreased from 50.89% in December 2023 to 47.71% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.

Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Resident Individuals holding nominal share capital up to Rs. 2 lakhs	1.315	1.360	3.81	3.94	+ 0.13 %
Non Resident Indians (NRIs)	0.087	0.097	0.25	0.28	+ 0.03 %
Bodies Corporate	0.184	0.177	0.53	0.51	-0.02 %
Any Other (specify)	0.154	0.158	0.45	0.46	+ 0.01 %
Unclaimed or Suspense or Escrow Account	0	0.006	0	0.02	+0.02%

Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital up to Rs. 2 lakhs lifts the bar with a remarkable 0.13 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.03 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.02 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Unclaimed or Suspense or Escrow Account had no shares in the previous quarter but now holds 0.02% of shares in the current quarter.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Mutual Funds/	11.018	11.937	31.93	34.59	+ 2.66 %
MIRAE ASSET FLEXI CAP FUND	0	1.698	0	4.92	+4.92%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND	0	2.022	0	5.86	+5.86%
INVESCO INDIA AGGRESSIVE HYBRID FUND	0	0.350	0	1.01	+1.01%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK HEALTHCARE FUND	1.073	1.110	3.11	3.22	+ 0.11 %
HDFC MUTUAL FUND – HDFC NIFTY MIDCAP 150 INDEX FUND	2.090	2.375	6.06	6.88	+ 0.82 %
CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MID CAP FUND	0.578	0.416	1.67	1.2	-0.47 %
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MULTI-CAP FUND	0.373	0.544	1.08	1.58	+ 0.5 %
DSP ARBITRAGE FUND	0.465	0.508	1.35	1.47	+ 0.12 %
ICICI PRUDENTIAL NIFTY FINANCIAL SERVICES EX-BANK ETF	1.005	0.955	2.91	2.77	-0.14 %
Alternate Investment Funds	0.285	0.175	0.82	0.51	-0.31 %
Banks	0.002	0.000	0.01	0	-0.01 %
Insurance Companies	1.425	1.664	4.13	4.82	+ 0.69 %
TATA AIA LIFE INSURANCE COMPANY LIMITED A/C FLEXI GROWTH FUND ULIF 068 25/04/23 FGF 110	0	0.416	0	1.21	+1.21%
HDFC LIFE INSURANCE COMPANYLIMITED -SHAREHOLDERS SOLVENCY MARGIN ACCOUNT	0.727	0.746	2.11	2.16	+ 0.05 %
MIRAE ASSET ARBITRAGE FUND	1.567	0	4.54	0	-4.54%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF NIFTY MIDCAP 150	1.791	0	5.19	0	-5.19%

The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 2.66 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK HEALTHCARE FUND, reflecting an uptick of 0.11 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for HDFC MUTUAL FUND – HDFC NIFTY MIDCAP 150 INDEX FUND, reflecting an uptick of 0.82 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MID CAP FUND decreased their stake from 1.2% in the previous quarter to 1.67% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.47 %.The latest quarter saw a considerable enhancement in profitability for ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MULTI-CAP FUND, reflecting an uptick of 0.5 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for DSP ARBITRAGE FUND, reflecting an uptick of 0.12 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.ICICI PRUDENTIAL NIFTY FINANCIAL SERVICES EX-BANK ETF decreased their stake from 2.77% in the previous quarter to 2.91% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.14 %.Alternate Investment Funds decreased their stake from 0.51% in the previous quarter to 0.82% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.31 %.Banks decreased their stake from 0% in the previous quarter to 0.01% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.The latest quarter saw a considerable enhancement in profitability for Insurance Companies, reflecting an uptick of 0.69 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for HDFC LIFE INSURANCE COMPANYLIMITED -SHAREHOLDERS SOLVENCY MARGIN ACCOUNT, reflecting an uptick of 0.05 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.MIRAE ASSET FLEXI CAP FUND had no shares in the previous quarter but now holds 4.92% of shares in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND had no shares in the previous quarter but now holds 5.86% of shares in the current quarter.INVESCO INDIA AGGRESSIVE HYBRID FUND had no shares in the previous quarter but now holds 1.01% of shares in the current quarter.TATA AIA LIFE INSURANCE COMPANY LIMITED A/C FLEXI GROWTH FUND ULIF 068 25/04/23 FGF 110 had no shares in the previous quarter but now holds 1.21% of shares in the current quarter.MIRAE ASSET ARBITRAGE FUND had 4.54% of shares in the previous quarter but exited in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF NIFTY MIDCAP 150 had 5.19% of shares in the previous quarter but exited in the current quarter.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Foreign Portfolio Investors Category I	9.903	8.788	28.7	25.46	-3.24 %
NEW YORK LIFE INSURANCE COMPANY	0.893	0.615	2.59	1.78	-0.81 %
SMALLCAP WORLD FUND, INC	0.697	0.597	2.02	1.73	-0.29 %
KUWAIT INVESTMENT AUTHORITY FUND F238	0	0.384	0	1.11	+1.11%
WF ASIAN SMALLER COMPANIES FUND LIMITED	0.850	0.693	2.46	2.01	-0.45 %
Foreign Portfolio Investors Category II	0.114	0.132	0.33	0.38	+ 0.05 %
BARON EMERGING MARKETS FUND	0.453	0	1.31	0	-1.31%
GOVERNMENT PENSION FUND GLOBAL	0.417	0	1.21	0	-1.21%
GOVERNMENT OF SINGAPORE	0.714	0	2.07	0	-2.07%

Profitability dwindled by -3.24 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.81 % for NEW YORK LIFE INSURANCE COMPANY in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.29 % for SMALLCAP WORLD FUND, INC in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.45 % for WF ASIAN SMALLER COMPANIES FUND LIMITED in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.05 % in net profit.KUWAIT INVESTMENT AUTHORITY FUND F238 had no shares in the previous fiii quarter but now holds 1.11% of shares in the current quarter.BARON EMERGING MARKETS FUND had 1.31% of shares in the previous quarter but exited in the current quarter.GOVERNMENT PENSION FUND GLOBAL had 1.21% of shares in the previous quarter but exited in the current quarter.GOVERNMENT OF SINGAPORE had 2.07% of shares in the previous quarter but exited in the current quarter.