Max Financial Services Limited appoints Mr. K. Narasimha Murthy as an Independent Director

The Board of Directors of Max Financial Services Limited based on the recommendations of the Nomination and Remuneration Committee, approved the appointment of Mr. K. Narasimha Murthy (DIN: 00023046) as an Independent Director of the Company for a period of 5 years commencing from March 30, 2021 to March 29, 2026, subject to approval of the shareholders.

Mr. K Narasimha Murthy entered the profession of Cost & Management Accountancy in 1983. He has been associated with the development of Cost & Management Information Systems for more than 150 companies across more than 45 industries. He is a Member on the Cost Accounting Standards Board of the Institute of Cost Accountants of India. He has been closely involved in turning around multiple large corporates, focusing on systems improvement with a cost optimization approach.

He has been associated with more than 45 High Level Committees as Chairman/Member both at national & state level. Presently, he is on the Boards of National Stock Exchange (NSE), NELCO (A TATA Enterprise), Max Life Insurance Company Ltd., Max Healthcare Institute Ltd., Max Ventures & Industries Ltd., Max Specialty Films Ltd.etc.

Earlier he was associated as a Director with Oil and Natural Gas Corporation Ltd (ONGC), IDBI Bank Ltd, LIC Housing Finance Ltd, UTI Bank Ltd. (presently Axis Bank), Member Board of Supervision NABARD, Unit Trust of India (UTI), Infiniti Retail Limited (TATA Croma), IFCI Ltd, STCI Finance Ltd. (Formerly Securities Trading Corporation of India Ltd.,), AP State Finance Corporation, APIDC Ltd etc.

He is also associated with the development of Cost Accounting Record Rules for many industries as a member of the Advisory Committee, Ministry of Corporate Affairs, Government of India. His contribution to the Costing & Management Accounting profession in India has been recognised by the Institute of Cost & Works Accountants of India (ICWAI) which honoured him with a citation in October 2007.

Shares of Max Financial Services Ltd was last trading in BSE at Rs.864.3 as compared to the previous close of Rs. 864.05. The total number of shares traded during the day was 29029 in over 2175 trades.

The stock hit an intraday high of Rs. 884.55 and intraday low of 857.7. The net turnover during the day was Rs. 25286479.

Source : Equity Bulls

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