With reference to the earlier letter dated July 28, 2016, regarding the convening of the Board meeting of the Company on August 08, 2016, for the purposes of consideration of un-audited financial results of the Company for the quarter ended June 30, 2016. In this regard, Max India has now informed that arising from the proposed scheme of arrangement amongst Max Financial Services Limited (MFSL), Max Life Insurance Company Limited (MLIC) and HDFC Life Insurance Company, including the Company as a party to the Scheme is being considered for certain commercial reasons. The management proposes to place the aforesaid item for consideration of the Board in the aforesaid meeting of the Company scheduled to be held on August 08, 2016.
The above information is a part of company’s filings submitted to BSE.
