HB Stockholdings held its 39th Annual General Meeting on August 27, 2026, via video conference. Members approved the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The company also secured shareholder approval for the re-appointment of Mr. Anil Goyal, who retires by rotation. Both ordinary resolutions passed with overwhelming support from promoters and significant backing from public non-institutional investors.

Voting Results

The voting process was scrutinized by Ms. Jyoti Sharma of JVS & Associates. The remote e-voting facility was open from August 24 to August 26, 2026. A total of 7,137,665 shares were eligible for voting as on the cut-off date of August 21, 2026.

Promoter and promoter group shareholders voted in favour of both resolutions, casting all 3,798,335 votes held by this category. Public institutional investors did not cast any votes.

Public Shareholder Participation

Public non-institutional shareholders polled 20,190 votes out of 3,339,150 shares held, representing a participation rate of 0.60%. Of these votes, 17,345 were cast in favour and 2,845 against, resulting in an 85.91% approval rate within this segment.

Meeting Proceedings

Mr. Lalit Bhasin, Executive Chairman, chaired the meeting. The statutory auditors were granted exemption from attending due to unavoidable circumstances. The Company Secretary confirmed that no qualifications or adverse remarks were included in the statutory auditors' report for FY26.

The meeting commenced at 12:00 pm and concluded at 12:28 pm. E-voting remained open for an additional 15 minutes post-conclusion to allow further participation.

HB Stockholdings reported a standalone net profit of ₹795.64 lakh for the quarter ended June 30, 2026, marking a 6.6% year-on-year increase from ₹746.20 lakh in Q1FY25. The results, approved by the Board of Directors on August 3, 2026, reflect strong performance in investment activities, with total revenue reaching ₹1,008.94 lakh compared to ₹1,009.75 lakh in the prior year quarter. This profitability stands in contrast to the consolidated net loss of ₹1,082.15 lakh recorded for the full FY26, highlighting the volatility inherent in the company's investment portfolio.

The financial statements were reviewed by statutory auditors N.C. Aggarwal & Co., who issued an unmodified opinion pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is registered as an NBFC with the RBI and has no reportable segments under Ind AS 108. The consolidated results include Mount Finance Limited, a wholly-owned subsidiary that reported a net loss of ₹0.69 lakh for the quarter.

Financial Performance Breakdown

Revenue from operations remained stable at ₹1,008.94 lakh, closely mirroring the ₹1,009.75 lakh recorded in Q1FY25. Interest income increased to ₹37.47 lakh from ₹18.91 lakh year-ago, while dividend income slightly declined to ₹8.30 lakh from ₹9.35 lakh. The primary driver of the quarter's income was the net gain on fair value changes, which stood at ₹899.42 lakh, alongside a net profit of ₹63.75 lakh from equity derivative trading and share dealing.

Expenses were contained at ₹144.26 lakh, down significantly from ₹1,225.40 lakh in Q4FY26 but comparable to ₹150.47 lakh in Q1FY25. Finance costs decreased slightly to ₹31.87 lakh from ₹32.27 lakh year-ago. Employee benefit expenses remained steady at ₹78.47 lakh. Notably, there were no losses on fair value changes or equity derivatives in the current quarter, unlike Q4FY26 which saw significant mark-to-market losses.

What the Numbers Show

The profit before tax rose to ₹868.46 lakh from ₹859.65 lakh in Q1FY25. Tax expense increased to ₹72.82 lakh from ₹113.45 lakh, largely due to deferred tax charges of ₹72.82 lakh. Earnings per share (basic) improved to ₹11.15 from ₹10.45 in the corresponding period last year. The company recognized a provision of ₹3.47 lakh for gratuity and earned leave under employee benefits, reflecting the impact of new labor codes effective May 8, 2026, which management assessed as immaterial to overall liabilities.