HB Portfolio Limited shareholders approved the company's audited financial statements for FY26 and confirmed a total dividend of Re. 1 per equity share at its 31st annual general meeting on September 9, 2026.

The meeting was conducted via video conferencing and other audio-visual means. Members also re-appointed Lalit Bhasin as director after he retired by rotation. All three ordinary resolutions placed before the house were passed with a requisite majority.

Voting Results

Shareholders holding 61.84% of the outstanding shares participated in the voting process. The promoter group, which holds 6,614,245 shares, voted in favor of all resolutions. Public non-institutional shareholders accounted for the majority of dissenting votes, though these represented less than 1% of the total votes polled.

The remote e-voting facility was available from September 6 to September 8, 2026. E-voting during the AGM remained open for 15 minutes after the conclusion of proceedings to allow additional participation.

Governance and Compliance

Jaya Yadav of Jaya Yadav & Associates served as the scrutinizer for the voting process. The company reported that statutory auditors provided no qualifications, reservations, or adverse remarks on the standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Gurjot Singh Narang, an independent director, was absent from the meeting due to prior commitments. The chairman of the audit committee and representatives from the statutory and secretarial auditors were present to address member queries during the question-and-answer session.

HB Portfolio Limited declared an interim dividend of ₹1.25 per equity share of face value ₹10 each for the financial year 2026-27. The Board of Directors approved the distribution during its meeting on August 10, 2026. Shareholders holding equity shares as on the record date of Friday, August 14, 2026, will be eligible for the payout.

The company will disburse the dividend within 30 days of declaration through electronic mode directly into registered bank accounts. Physical payout options such as dividend warrants or demand drafts have been discontinued in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tax Deduction at Source Details

Dividend income is taxable in the hands of members under the Income Tax Act, 2025. HB Portfolio will deduct tax at source (TDS) based on the residential status and entity classification of shareholders.

Resident Members

For resident individuals with a valid Permanent Account Number (PAN), TDS is applicable at 10%. If PAN details are not registered, the deduction rate rises to 20% under Section 397(2) of the IT Act, 2025. No tax is deducted if the total dividend received during the tax year does not exceed ₹10,000 or if Form 121 is submitted meeting eligibility conditions.

Other resident entities may avail nil TDS by submitting specific declarations:

Non-Resident Members

TDS for non-resident members is generally levied at 20% plus applicable surcharge and cess. Shareholders can opt for lower rates under Double Tax Avoidance Agreements (DTAA) by submitting a Tax Residency Certificate, Form 41, and other declarations to the Registrar and Share Transfer Agent (RCMC Share Registry Private Limited) by August 26, 2026.

Compliance and Payment Instructions

Shareholders must link their PAN with Aadhaar to avoid invalidation of their PAN, which would trigger a higher TDS rate of 20%. For beneficial owners different from registered shareholders, a signed Declaration under Rule 203 of the Income Tax Rules, 2026 is required to facilitate tax credit.

Members holding shares across multiple accounts under a single PAN will have the higher applicable tax rate applied to their entire holding. Any lower tax certificates must explicitly feature the company’s TAN: DELH02179C. The company will not process revisions or refunds after tax deduction; members must claim eligible refunds directly from the Income Tax Department while filing annual returns.