HB Leasing & Finance Co reported a net loss of ₹24.69 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the ₹8.08 lakh loss recorded in the corresponding period of the previous fiscal year. The widening deficit was primarily driven by trading activities rather than core operations, with a ₹14.20 lakh net loss in equity derivative trading and share dealing emerging as the dominant drag on profitability. This contrasts sharply with the prior year’s quarter, where such activities contributed positively to the bottom line.

The Board of Directors approved the unaudited financial results on August 10, 2026, pursuant to Regulation 30 and Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, M/s N.C. Aggarwal & Co., who issued an unmodified opinion. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other generally accepted accounting principles in India.

Financial Performance Overview

Revenue from operations remained stable at ₹4.17 lakh, virtually unchanged from the ₹4.21 lakh reported in Q1FY25. Fee and advisory income, along with interest income, stood at ₹4.11 lakh, matching the previous year’s figure exactly. However, the company failed to replicate the ₹11.20 lakh gain from equity derivative trading seen in Q4FY26, instead booking a substantial loss in the current quarter. Total expenses surged to ₹28.57 lakh from ₹12.16 lakh in the same quarter last year, largely due to the reversal in trading gains and higher employee benefit expenses.

Employee benefit expenses increased to ₹6.06 lakh from ₹4.74 lakh year-on-year, reflecting incremental impacts from the new Labour Codes implemented effective May 8, 2026. Other expenses also rose to ₹8.31 lakh from ₹7.41 lakh. The company noted that the incremental impact of the Code on Wages, 2019, and other labour codes on employee benefits liability has been recognized in the financial results for the quarter.

What the Numbers Show

The divergence between stable core revenue and volatile trading outcomes highlights the company’s exposure to market risks in its investment portfolio. While operational revenue streams—fee, advisory, and interest income—remained resilient at ₹4.11 lakh, they were insufficient to offset the ₹14.20 lakh loss from equity derivatives. This suggests that the company’s profitability is currently heavily dependent on capital markets performance rather than its primary leasing and finance operations. The absence of dividend income and negligible fair value gains further underscores the reliance on trading activities for any potential upside, which proved detrimental in this quarter.

HB Leasing and Finance Company Limited has announced the convening of its 43rd Annual General Meeting (AGM) through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in compliance with applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled for Thursday, 27 August 2026 at 02:30 P.M. The company has engaged National Securities Depository Limited (NSDL) as the authorised agency to facilitate VC/OAVM attendance, remote e-voting before the AGM, and e-voting during the AGM.

AGM Key Details

The following table summarises the key dates and parameters of the 43rd AGM:

Notice and Annual Report Dispatch

The Notice of the 43rd AGM and the Annual Report for the Financial Year 2025-26 have been sent electronically to all members whose e-mail addresses are registered or available with the Company or Depository Participants (DP) as on Friday, 24 July 2026. Newspaper advertisements regarding the AGM notice were published in Business Standard (English and Hindi editions) dated 30 July 2026. The notice and annual report are also available on the company's website at www.hbleasing.com , on the BSE Limited website at www.bseindia.com , and on NSDL's website at www.evoting.nsdl.com .

E-Voting Provisions

Members holding shares either in physical form or in dematerialised form as on the cut-off date of Friday, 21 August 2026 are eligible to cast their vote by remote e-voting before the AGM or by e-voting at the AGM. The e-voting rights of members shall be in proportion to the paid-up value of their shares in the equity share capital of the company. Key e-voting guidelines include:

• Once a vote on a resolution is cast, it cannot be changed subsequently.
• Members who have cast their vote through remote e-voting prior to the AGM may attend the AGM through VC/OAVM but shall not be entitled to cast their vote again.
• Members can join the AGM in VC/OAVM mode 15 minutes before and after the scheduled commencement time.
• Only persons recorded in the register of members or register of beneficial owners as on the cut-off date are entitled to avail remote e-voting and e-voting at the AGM.

Since the meeting is being held through VC/OAVM, the facility for appointment of proxy will not be available for this AGM.

Grievance Redressal

For any grievances connected with the electronic voting facility, members may contact Ms. Pallavi Mhatre at NSDL via e-mail at evoting@nsdl.co.in or on the toll-free number 1800-222-990. Members may also write to the Company Secretary at corporate@hbleasing.com . The AGM notice was signed by Shahbaz Khan, Company Secretary & Compliance Officer (Membership No. A75337), on behalf of HB Leasing and Finance Company Limited, dated 29 July 2026, from Gurugram.