Hybrid Financial Services Limited has announced that its Board of Directors will meet on February 10, 2026, to consider the company's unaudited financial results for the third quarter of FY26. The meeting has been scheduled in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Board Meeting Details

The board meeting will focus on considering, approving, and taking on record the unaudited financial results for specific reporting periods. Key aspects of the upcoming meeting include the review of financial performance and compliance with regulatory requirements.

Merger Impact on Financial Reporting

The company will declare its unaudited financial results on a merged entity basis for the first time during this reporting period. This change follows the National Company Law Tribunal (NCLT) approval of the Scheme of Arrangement for the merger of wholly owned subsidiary Maximus Securities Limited. The NCLT granted approval through their order dated October 16, 2025, enabling the consolidated reporting structure.

Trading Window Restrictions

In compliance with the company's Prohibition of Insider Trading Code, specific trading restrictions have been implemented for designated persons. The trading window closure became effective from January 1, 2026, and will remain in place until 48 hours after the declaration of the unaudited financial results for the quarter and nine months ended December 31, 2025.

Regulatory Communication

The company has formally notified both major stock exchanges about the scheduled board meeting. Communications have been sent to the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements and maintaining transparency with market participants and stakeholders.

Hybrid Financial Services Limited has received the final certified copy of the National Company Law Tribunal (NCLT) order approving the merger of its wholly-owned subsidiary, Maximus Securities Limited. The company informed stock exchanges on December 10, 2025, about receiving the certified order dated December 8, 2025, from the Assistant Registrar, NCLT Mumbai Bench.

BSE Query and Company Response

Following the company's submission, BSE raised a query on December 11, 2025, regarding potential delays in disclosure under SEBI regulations. The exchange noted that additional details required under SEBI Circular dated November 11, 2024, were not disclosed within the mandatory 24-hour timeframe.

Company's Clarification

In response to BSE's query, Hybrid Financial Services clarified that there was no delay from the company's side. The company explained the timeline of events:

The company emphasized that it had already submitted the NCLT Mumbai Bench order dated October 16, 2025, on October 17, 2025, itself within the time limit. The delay was attributed to waiting for the certified true copy, which was signed on December 8, 2025, and actually handed over to the company on December 9, 2025, afternoon.

NCLT Order Details

The key details of the tribunal's approval remain as follows:

Merger Benefits and Implementation

The NCLT order highlights several strategic benefits including operational efficiency through simplified group structure, cost savings from operational consolidation, and enhanced economies of scale. As Maximus Securities was a wholly-owned subsidiary, no new share issuance will occur, and existing shares will be cancelled upon the scheme becoming effective.

Regulatory Compliance Status

The merger has received necessary approvals from key regulatory bodies including post-facto approvals from NSE (June 12, 2025) and BSE (July 9, 2025), along with SEBI compliance and depository participant approvals.

With the certified NCLT order now received and clarifications provided to the exchange, Hybrid Financial Services will proceed with the operational integration of Maximus Securities, expected to enhance the company's market position while delivering improved operational efficiencies to shareholders.