HB Leasing & Finance Co. shareholders approved the adoption of audited financial statements for FY26 and the re-appointment of director Anil Goyal at its 43rd Annual General Meeting held on August 27, 2026. The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations.

Both ordinary resolutions passed with overwhelming backing from investors. The company reported that all items of business transacted received the requisite majority vote as per the consolidated scrutinizer’s report.

Voting Results

The remote e-voting period ran from August 24 to August 26, 2026. A total of 6,227,879 votes were polled out of 12,862,731 shares held by eligible shareholders as on the cut-off date of August 21, 2026.

Promoter and promoter group shareholders voted unanimously in favour of both resolutions, casting all 5,496,856 eligible votes. Institutional public shareholders also showed full support, with 204,533 votes cast out of 206,833 shares held.

Shareholder Participation

Non-institutional public shareholders accounted for the majority of the dissenting votes. Out of 7,159,042 shares held by this category, 526,490 votes were polled. Of these, 526,203 were in favour while 287 were against.

Ms. Jyoti Sharma of JVS & Associates served as the independent scrutinizer for the e-voting process. The National Securities Depository Limited facilitated the remote e-voting platform for members unable to attend physically.

HB Leasing & Finance Company Limited reported a net loss of ₹24.69 lakh for the quarter ended June 30, 2026, marking a 206% year-on-year widening from the ₹8.08 lakh loss in Q1FY26. The deterioration was primarily driven by a ₹14.20 lakh loss in equity derivative trading and share dealing, which significantly outweighed stable operating income of ₹4.17 lakh. This performance highlights the volatility introduced by non-core investment activities amid persistent operational headwinds for the Gurugram-based NBFC.

The Board of Directors approved the unaudited financial results at a meeting held on August 10, 2026, following review by the Audit Committee. The results were filed with BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M/s N.C. Aggarwal & Co issued a limited review report expressing an unmodified opinion on the financial statements.

Financial Performance Breakdown

Total income from operations remained relatively flat at ₹4.17 lakh, compared to ₹4.21 lakh in the corresponding quarter of the previous year. Fee and advisory income contributed ₹4.11 lakh, while net gains on fair value changes added ₹0.06 lakh. However, total expenses surged to ₹28.57 lakh from ₹12.16 lakh year-on-year, largely due to losses in equity derivatives and higher other expenses.

Basic earnings per share stood at a loss of ₹0.19, compared to a loss of ₹0.06 in Q1FY26. For the full year ended March 31, 2026, the company reported a total comprehensive income loss of ₹26.58 lakh, with reserves excluding revaluation reserve standing at negative ₹742.20 lakh.

What the Numbers Show

The divergence between stable core operating income and widening losses underscores the impact of non-operational factors on HB Leasing’s bottom line. While fee and advisory income remained resilient at ₹4.11 lakh, the ₹14.20 lakh loss in equity derivative trading acted as a significant drag, more than tripling the net loss compared to the prior year. Additionally, employee benefit expenses rose to ₹6.06 lakh from ₹4.74 lakh, reflecting potential adjustments related to the implementation of new Labour Codes effective May 8, 2026. Investors should monitor whether the company can mitigate risks from derivative positions and stabilize cost structures in upcoming quarters.