Hybrid Financial Services Limited (HFSL) has successfully completed the merger of its wholly-owned subsidiary, Maximus Securities Limited (MSL), following approval from the National Company Law Tribunal (NCLT) Mumbai. This strategic move, set to take effect from April 1, 2024, aims to streamline operations and reduce compliance costs for the company.

Key Details of the Merger

• Transferor Company: Maximus Securities Limited
• Transferee Company: Hybrid Financial Services Limited
• Appointed Date: April 1, 2024
• Approval Authority: National Company Law Tribunal, Mumbai Bench

Rationale for the Merger

The merger is expected to bring several benefits to Hybrid Financial Services Limited:

1. Consolidation of stock broking business
2. Streamlined group structure
3. Reduction in administrative and regulatory compliance costs
4. Enhanced operational efficiency

Financial Impact

While the specific financial implications of the merger are not detailed in the announcement, a look at HFSL's consolidated balance sheet shows some interesting trends:

The company's financial position appears to be strengthening, with notable increases in total equity and investments. This solid financial foundation could potentially support the integration process and any associated costs.

Implications for Shareholders

As Maximus Securities was a wholly-owned subsidiary of Hybrid Financial Services, there will be no new share issuance or changes to the shareholding pattern of HFSL as a result of this merger. The existing shares of MSL held by HFSL will be cancelled upon the scheme becoming effective.

Next Steps

With the NCLT approval in place, Hybrid Financial Services Limited will now focus on integrating the operations of Maximus Securities. Investors and market participants will be keen to observe how this consolidation impacts the company's financial performance and market position in the coming quarters.

This corporate action represents a significant step for Hybrid Financial Services in optimizing its corporate structure and potentially enhancing shareholder value through improved operational efficiencies.

Hybrid Financial Services Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance amidst market fluctuations.

Financial Highlights

The company's financial performance for Q2 FY2026 can be summarized in the following table:

Key Observations

1. Revenue Performance: Hybrid Financial Services reported a total income from operations and others of ₹746.76 lakhs for the quarter ended September 30, 2025.

2. Profitability: The company's net profit after tax stood at ₹14.75 lakhs for Q2 FY2026, while the half-year figure reached ₹38.06 lakhs.

3. Earnings Per Share: Both basic and diluted earnings per share were reported at ₹0.05 for the quarter, indicating modest profitability on a per-share basis.

4. Other Comprehensive Income: The company experienced fluctuations in other comprehensive income, particularly in remeasurement gains/losses on non-current investments. For Q2 FY2026, it reported a gain of ₹0.18 lakhs, a significant improvement from the loss of ₹484.77 lakhs in the previous comparable period.

5. Share Capital: The paid-up equity share capital remained constant at ₹1,471.81 lakhs, consisting of shares with a face value of ₹5 each.

Market Context

The company's performance comes amid a challenging market environment. The significant swing in other comprehensive income, particularly related to non-current investments, suggests volatility in the broader market that may have impacted the company's investment portfolio.

Management Statement

The company reported no exceptional or extraordinary items during the period, indicating that the financial results reflect the normal course of business operations.

K. Chandramouli, Whole Time Director and Company Secretary of Hybrid Financial Services Limited, signed off on these results, which were filed with the stock exchanges in compliance with SEBI regulations.

Investors and stakeholders can access the full format of the unaudited financial results on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ) for a more comprehensive view of the company's financial position and performance.