{
 "as_of": "2026-11-06",
 "cmr": "in-cm-kg/XNSE/INE180A01020",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Max Financial Services Limited (National Stock Exchange of India: INE180A01020) — research page\n\nAs of 2026-11-06 · in-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Max Financial Services Limited, listed on the National Stock Exchange of India under ticker INE180A01020 and ISIN INE180A01020. The LEI is not on the record. The security type, segment, sector and jurisdiction are not on the record. The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 0 filings in the twelve months to 2026-11-06, across 0 filing days. The median gap between filing days is not on the record. The latest filing date and latest filing type are not on the record. The exchange peer group on the National Stock Exchange of India holds 2613 issuers, with a median cadence gap not on the record, a median of 0 filings, and a median latency not on the record. The sector peer median is not on the record.\n\n## Auditor\n\nThe auditor and its location are not on the record. Auditor changes are not on the record, because the register has no lifecycle type map yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, because the index does not yet carry a lifecycle type for this register. The halt flag reads listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for accredited investor, Retail individual investor, Qualified Institutional Buyer and Non-Institutional Investors, and is determinable in each case. The rule version is acm-68000/in/sebi-suitability-sebi-investment-advisers-regulations-2013-r/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe record holds no research houses named on the issuer's investor-relations page. The count is 0.\n\n## Open research\n\nThe record holds no openly published research notes for the issuer. The count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. The issuer has no sealed years on the record. The market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n5 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv (identity.exchange)\n- https://mcp.in-cm-kg.ai/events/XNSE/INE180A01020 (the disclosure lines)\n- https://www.nseindia.com/regulations/listing-compliance (the halt flag)\n- https://mcp.in-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.in-cm-kg.ai/record/XNSE/INE180A01020 (the record)\n",
 "market": "IN",
 "node": "in-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the IN vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "IN",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "IN",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "IN",
    "state": "not_on_record"
   },
   "changes": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "in-cm-kg/XNSE/INE180A01020",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://maxfinancialservices.com/investorrelations",
     "result": "read: 0 of 0 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2613,
     "median_cadence_gap_days": null,
     "median_filings": 0,
     "median_latency_days": null,
     "name": "National Stock Exchange of India"
    },
    "sector": {
     "market": "IN",
     "state": "not_on_record"
    }
   },
   "by_type": {},
   "cadence_median_gap_days": null,
   "filing_days": 0,
   "filings": 0,
   "latency_days": null,
   "latest": [],
   "latest_filing_date": null,
   "note": "no disclosure line on the record for this issuer in the window",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.in-cm-kg.ai/events/XNSE/INE180A01020",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "NSE EQUITY_L.csv + BSE ListofScripData (Equity, Active, INF* dropped); one row per ISIN, NSE wins; LEI = GLEIF exact ISIN map only; CFI not published (null) — reused from pond drop 2026-10-24 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25-2 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-26 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-27 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-28 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-29 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-30 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-31 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-01 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-02 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-03 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-04 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-05 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-06 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-07 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)'))",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv",
    "state": "sourced",
    "value": "National Stock Exchange of India"
   },
   "isin": {
    "read_by": "NSE EQUITY_L.csv + BSE ListofScripData (Equity, Active, INF* dropped); one row per ISIN, NSE wins; LEI = GLEIF exact ISIN map only; CFI not published (null) — reused from pond drop 2026-10-24 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25-2 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-26 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-27 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-28 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-29 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-30 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-31 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-01 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-02 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-03 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-04 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-05 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-06 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-07 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)'))",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv",
    "state": "sourced",
    "value": "INE180A01020"
   },
   "jurisdiction": {
    "market": "IN",
    "state": "not_on_record"
   },
   "lei": {
    "market": "IN",
    "reason": "the roster carries none",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "NSE EQUITY_L.csv + BSE ListofScripData (Equity, Active, INF* dropped); one row per ISIN, NSE wins; LEI = GLEIF exact ISIN map only; CFI not published (null) — reused from pond drop 2026-10-24 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25-2 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-26 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-27 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-28 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-29 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-30 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-31 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-01 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-02 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-03 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-04 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-05 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-06 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-07 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)'))",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv",
    "state": "sourced",
    "value": "Max Financial Services Limited"
   },
   "sector": {
    "market": "IN",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "IN",
    "state": "not_on_record"
   },
   "segment": {
    "market": "IN",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "NSE EQUITY_L.csv + BSE ListofScripData (Equity, Active, INF* dropped); one row per ISIN, NSE wins; LEI = GLEIF exact ISIN map only; CFI not published (null) — reused from pond drop 2026-10-24 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-25-2 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-26 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-27 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-28 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-29 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-30 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-10-31 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-01 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-02 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-03 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-04 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-05 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-06 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)')) — reused from pond drop 2026-11-07 (the exchange refused this read: RuntimeError('BSE ListofScripData did not answer (403)'))",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv",
    "state": "sourced",
    "value": "INE180A01020"
   },
   "website": {
    "market": "IN",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "IN",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "IN",
  "node": "in-cm-kg",
  "numbers_hash": "sha256:404d62e32bb65d0076a73b97aa18396f04ac0cd49ff889737d9f74291d2cf8c3",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "accredited investor",
    "Retail individual investor",
    "Qualified Institutional Buyer",
    "Non‐Institutional Investors"
   ],
   "outcomes": {
    "Non‐Institutional Investors": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Qualified Institutional Buyer": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Retail individual investor": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "accredited investor": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.in-cm-kg.ai/book/aio.json",
    "door": "https://mcp.in-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/in/sebi-suitability-sebi-investment-advisers-regulations-2013-r/r1",
   "section": "in.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.in-cm-kg.ai/record/XNSE/INE180A01020",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.nseindia.com/regulations/listing-compliance",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:404d62e32bb65d0076a73b97aa18396f04ac0cd49ff889737d9f74291d2cf8c3",
 "path": "/in/XNSE/INE180A01020",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Max Financial Services Limited, listed on the National Stock Exchange of India under ticker INE180A01020 and ISIN INE180A01020. The LEI is not on the record. The security type, segment, sector and jurisdiction are not on the record. The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 0 filings in the twelve months to 2026-11-06, across 0 filing days. The median gap between filing days is not on the record. The latest filing date and latest filing type are not on the record. The exchange peer group on the National Stock Exchange of India holds 2613 issuers, with a median cadence gap not on the record, a median of 0 filings, and a median latency not on the record. The sector peer median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor and its location are not on the record. Auditor changes are not on the record, because the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, because the index does not yet carry a lifecycle type for this register. The halt flag reads listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for accredited investor, Retail individual investor, Qualified Institutional Buyer and Non-Institutional Investors, and is determinable in each case. The rule version is acm-68000/in/sebi-suitability-sebi-investment-advisers-regulations-2013-r/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record holds no research houses named on the issuer's investor-relations page. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds no openly published research notes for the issuer. The count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. The issuer has no sealed years on the record. The market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "5 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://nsearchives.nseindia.com/content/equities/EQUITY_L.csv"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.in-cm-kg.ai/events/XNSE/INE180A01020"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nseindia.com/regulations/listing-compliance"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.in-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.in-cm-kg.ai/record/XNSE/INE180A01020"
  }
 ],
 "title": "Max Financial Services Limited (INE180A01020) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}