Hybrid Financial Services Ltd

Hybrid Financial Services Limited – Closure of Trading Window from Oct 1, 2026 till 48 hours after the declaration of Un-audited Financial Results for the Quarter and Half Year Ended Sep 30, 2026

AGM Details

• Date and time: 11 September 2026, 11:00 AM to 11:45 PM.
• Mode: Physical AGM with remote e-voting facility.
• Record date for voting: 4 September 2026.
• Remote e-voting window: 9:00 AM 8 Sep to 5:00 PM 10 Sep 2026.

Ordinary Business

• Resolution 1: Adoption of audited financial statements and related reports; passed with 99.99%.
• Resolution 2: Approval of 1% dividend on preference shares; passed with 99.99%.

Special Business

• Resolution 3: Megha Jatendra Vazkar appointed Whole Time Director for 3 years from 1 July 2026; passed.

Director Changes

• Megha Jatendra Vazkar appointed Whole Time Director for 3-year term starting 1 July 2026.

AGM Details

• Held on 11 September 2026 through VC/OAVM.
• Quorum of 106+ members; voting percentage 64.09%.
• Remote e-voting from 8 Sep 2026 9:00 AM to 10 Sep 2026 5:00 PM; voting during AGM available.
• Meeting concluded at 12:00 PM; 15 minutes for additional e-voting.

Key Resolutions

• Ordinary Business 1: Adopt audited financial statements, cash flows, changes in equity, balance sheet, reports.
• Ordinary Business 2: Dividend on Preference Shares for FY2025-26 at 1%.
• Special Business 3: Appointment of Megha Jatendra Vazkar as Whole-Time Director for 3 years from 15 July 2026.

Voting Results

• Combined results to be intimated to BSE/NSE within two working days after AGM conclusion.

Dividend

• Dividend on Preference Shares proposed: 1% for FY2025-26.

Director Changes

• Megha Jatendra Vazkar proposed as Whole-Time Director for 3 years from 15 July 2026.

Auditor Arrangements

• Statutory and Secretarial audit reports read; no new auditor appointments announced.

Trading Member admission

• BSE admitted Hybrid Financial as a Trading Member in the Cash Segment.
• Member No. 471 remains unchanged post-merger with Maximus Securities Limited.
• Intimation from BSE dated 15 September 2026 confirms admission.
• Merger approval by NCLT and SEBI Single Registration Certificate referenced.
• No financial amounts disclosed in the filing.

Financial performance

• FY25-26 gross income: 680.54 Lakhs; down from 718.93 Lakhs.
• Net profit after tax: 270.01 Lakhs; vs 383.69 Lakhs prior year.
• Pre-tax profit: 269.81 Lakhs; prior year: 385.87 Lakhs.
• Other comprehensive income: 256.37 Lakhs; prior year: 119.48.
• Total income: Rs 68,054 thousand.

Operations & segments

• Brokerage income: Rs 349.30 Lakhs; down from Rs 388.21 Lakhs.
• Depository income: Rs 12.70 Lakhs; down from Rs 17.07 Lakhs.
• Merged entity focuses on stock broking and allied services.

Capital structure & liquidity

• Non-current borrowings: Rs 7,000 thousand; current borrowings: Nil.
• Redeemable preference shares outstanding: Rs 7,000 thousand.
• Cash and cash equivalents: Rs 23.872 million.
• Non-current investments: Rs 2,71,390 thousand.
• Promoter holding: 63.74% (1,87,62,051 shares).
• Equity capital: Rs 1,47,181 thousand; 2,94,36,275 shares.

Dividends & capital actions

• Dividend on preference shares: 1%; subject to member approval.
• Redemption of balance preference shares: Rs 70 Lakhs completed.

Merger & strategy

• NCLT approved merger with Maximus Securities Limited; order dated 16 Oct 2025.
• Membership transfer from subsidiary to Hybrid underway.

Governance & leadership

• Megha J. Vazkar appointed Whole Time Director for three years from 1-Jul-2026.
• Audit Committee reconstituted on 30-Jul-2024.
• Nomination & Remuneration Committee reconstituted on 21-May-2026.
• Whistle blower policy in place.

Audit & controls

• Auditors: S. Ramanand Aiyar & Co; unmodified opinion.
• Gratuity provision noted under Gratuity Act; Ind AS 19 not followed.
• Internal controls adequate; external audit confirms.

Risks & contingencies

• Contingent liabilities include income tax demands; PF; FEMA; litigation ongoing.
• Provisions: Contingencies 340.28 Lakhs; market fluctuations in investments 270.54 Lakhs.

Outlook

• Outlook guarded; volatility in global and domestic markets expected to persist.

Financial highlights

• Q1 FY27 total income from operations and others: 15143.
• Q1 FY27 net profit after tax: 5822.
• Q1 FY27 total comprehensive income: 73374.
• FY26 year total income: 68054.
• FY26 net profit after tax: 27001.
• FY26 total comprehensive income: 52638.
• FY26 EPS Basic: 0.92.
• FY26 EPS Diluted: 0.92.
• Reserves excluding revaluation reserves: 294433.
• Paid up equity share capital: 147181.
• No exceptional items in Q1 FY27.

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.