Allied Blenders & Distillers shares traded over 2% lower on Thursday, January 1, ahead of the expiry of its six-month and longer shareholder lock-in period. The lock-in period concludes on Friday, January 2, marking a significant milestone for the alcoholic beverages company.

Lock-in Expiry Details

The expiry affects approximately 55.9 million shares, representing about 20% of Allied Blenders' outstanding equity. At Thursday's market price, these shares carry an estimated value of nearly ₹3,355 crore.

The expiry of the lock-in period does not automatically mean all these shares will be sold in the open market. The expiry simply makes these shares eligible for trading, providing shareholders with the option to trade if they choose.

Strong Stock Performance

Allied Blenders has demonstrated exceptional performance since its market listing, emerging as a notable outperformer in the alcoholic beverages sector. The stock has gained nearly 114% from its issue price at current market levels, showcasing strong investor confidence in the company's prospects.

Concurrent Market Activity

Alongside Allied Blenders, HDB Financial Services will also experience a lock-in expiry on Friday. The financial services company's six-month lock-in period concludes, making nearly 58% of its outstanding equity, or around 481.5 million shares, eligible for trading. At current prices, the value of HDB Financial Services shares becoming tradeable is close to ₹37,000 crore, with the stock continuing to trade above its IPO issue price of ₹740 per share.

HDB Financial Services Limited has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors approved the results at a meeting held on January 14, 2026, showcasing robust financial performance across key metrics.

Financial Performance Highlights

The company delivered strong financial results for Q3FY26, demonstrating significant growth in profitability and operational efficiency:

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained its growth trajectory with consistent improvement across all financial parameters:

Revenue Composition and Growth Drivers

The company's revenue growth was primarily driven by strong performance in its core lending business. Interest income increased to ₹39,890 million in Q3FY26 from ₹35,169 million in the corresponding quarter of the previous year. Sale of services contributed ₹3,062 million, while other financial charges added ₹3,711 million to the total revenue.

Regulatory Compliance and Capital Position

HDB Financial Services maintains strong regulatory compliance with the Reserve Bank of India categorizing the company as Upper Layer (NBFC-UL) under Scale Based Regulations. The company's capital adequacy ratio stood at 21.81% as of December 31, 2025, significantly above regulatory requirements.

New Labour Codes Impact

The company recognized an estimated increase in provision for employee benefits of ₹605 million due to the implementation of New Labour Codes effective November 21, 2025. This one-time impact was accounted for under employee benefit expenses in the current quarter.

Auditor Review and Board Approval

The financial results were reviewed by joint statutory auditors G D Apte & Co and Kalyaniwalla & Mistry LLP, who issued unmodified opinions. The results were approved by the Board of Directors at their meeting held on January 14, 2026, with the meeting commencing at 11:15 AM and results approval at 4:40 PM.