Hybrid Financial Services Ltd

Financial results

• Unaudited quarterly results for the quarter ended 30 June 2026 approved.
• Limited Review Report by M/s S. Ramanand Aiyar & Co attached.
• Single financial services segment; no reportable segments under Ind AS 108.

Merger & regulatory updates

• NCLT-approved merger with Maximus Securities Limited; effective 1 April 2024.
• Accounts of the merged entity presented from December 2025 quarter.
• SEBI registration obtained to carry out stock broking business.
• Transfer of exchange memberships and regulatory requirements progressed post-merger.

Dividends & capital actions

• Declared 1% dividend on preference shares for FY2025-26; Rs 0.70 Lakhs; subject to AGM.
• Contingency provisions created; reversal of Rs 465.07 Lakhs previously recognized; further review planned.

Auditor remarks & legal/regulatory notes

• Independent Auditor's Limited Review Report issued; no material misstatement observed.
• Note 4 describes merger accounting for Maximus Securities Limited merger.
• Bombay High Court scheme of compromise sanctioned; final discharge from bankers and trustees pending.

AGM Details

• AGM scheduled for 11 September 2026 at 11:00 AM via VC/OVAM.
• Register of Members and Share Transfer Books closed 7–11 September 2026.

Meeting Details

• Date: 31 July 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited financial results for quarter ended 30 June 2026 to be considered.

Other Notes

• Trading window closed 1 July 2026 to 2 August 2026, 48 hours after results declaration.

Dematerialisation processing and listing

• Dematerialisation requests up to the reporting date were processed and confirmed to depositories.
• Dematerialised securities have been listed on the stock exchange where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within the prescribed timeline.

Meeting Details

• Board meeting on Thursday, 21 May 2026.

Key Agenda Items

• Approve audited financial results for quarter and year ended 31 March 2026.
• Approve audited financial statements for financial year ended 31 March 2026, merged entity.
• Declare 1% dividend on preference shares.
• Approve redemption of balance preference shares worth Rs. 70 lakhs.
• Consider re-appointment of Mrs. Megha J. Vazkar as Whole Time Director cum Woman Director.

Other Notes

• Trading window closed from 1 April 2026 until 23 May 2026.

Financial Performance 📊

• Total income from operations was Rs 123.47 lakh (Q3) and Rs 458.96 lakh (9M) ended Dec 2025.
• Net profit before exceptional items and tax was Rs 43.88 lakh (Q3) and Rs 225.74 lakh (9M).
• Exceptional item impact was Rs 19.14 lakh in 9M ended Dec 2025.
• Net profit after tax was Rs 43.68 lakh (Q3) and Rs 225.93 lakh (9M).
• Basic and diluted EPS were Rs 0.15 (Q3) and Rs 0.77 (9M) ended Dec 2025 (not annualized).
• Total comprehensive profit was Rs 199.25 lakh (Q3) and Rs 643.96 lakh (9M).

Balance Sheet & Equity

• Paid-up equity share capital was Rs 147.18 lakh with a face value of Rs 5 each.
• Reserves excluding revaluation reserves were Rs 244.75 lakh as per audited balance sheet.

Other Income

• Other comprehensive income from remeasurement of gains/losses was Rs 165.57 lakh (Q3) and Rs 418.03 lakh (9M).

Reporting

• Results are unaudited and amalgamated for the quarter and nine months ended 31 Dec 2025.

Financial Performance 📊

• Q3 FY26 revenue from operations declined 19% QoQ to Rs 123.22 lakh, down 4% YoY.
• Total income for Q3 FY26 was Rs 123.47 lakh, down 33% QoQ and 5% YoY.
• Employee benefit expenses rose 7% QoQ to Rs 37.70 lakh and 6% YoY.
• Other expenditure decreased 15% QoQ to Rs 27.00 lakh, down 26% YoY.
• Profit before tax fell 60% QoQ to Rs 43.68 lakh, down 14% YoY.
• Profit after tax for Q3 FY26 was Rs 43.68 lakh, down 60% QoQ and up 39% YoY.

Corporate Actions & Approvals 🗓️📍

• Merger of Maximus Securities Limited effective 1 April 2024; accounts amalgamated from Dec 2025 quarter.
• Audit committee and board approved unaudited amalgamated results on 10 February 2026; limited review done.

Other Income & Provisions 🧾

• Other income includes interest on Gujarat sales tax refund and annual listing/custodial fees.
• Rs 465.07 lakh contingency provisions reversed previously due to settled liabilities.

Risks & Accounting Notes ⚠️

• Deferred tax asset not recognized due to uncertain future profitability.

Business Model

• Financial services focused on stock broking and allied activities post-merger with Maximus Securities.

Financial Performance

• Approved unaudited amalgamated standalone and consolidated results for Q3 and nine months ended 31 Dec 2025.
• Total income for nine months ended 31 Dec 2025 was Rs. 458.96 lakhs; profit before tax Rs. 225.74 lakhs.
• Profit after tax for nine months ended 31 Dec 2025 was Rs. 225.93 lakhs; total comprehensive income Rs. 643.96 lakhs.
• Exceptional item of Rs. 19.14 lakhs relates to court decree payment for prior period.
• Deferred tax asset not recognized due to uncertainty of future taxable income.

Corporate Actions

• Merger of wholly owned subsidiary Maximus Securities Limited effective 1 April 2024 approved by NCLT on 16 Oct 2025.
• Company applied for transfer of stock broking license post-merger; SEBI approval awaited.

Auditor and Compliance ️

• Statutory auditors issued limited review report on unaudited amalgamated financial results.
• No material auditor qualifications or emphasis of matter disclosed in the limited review report.

Provisions and Contingencies

• Contingency provisions reviewed periodically; Rs. 465.07 lakhs reversed previously due to settled liabilities.

Governance

• No changes in directors, auditors, or key management personnel reported.