Annual Report for the Financial Year 2024-2025.
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HB Leasing & Finance Company Ltd has filed its 42nd Annual Report for FY 2024-25 along with the notice for its AGM, scheduled for September 6, 2025 at 2:00 PM via video conferencing. The company's total revenue collapsed sharply to Rs. 19.02 lakhs from Rs. 47.58 lakhs in the previous year, a drop of about 60%. It swung from a net profit of Rs. 7.81 lakhs in FY24 to a net loss of Rs. 29.30 lakhs in FY25. Directors have not declared any dividend due to accumulated losses. During the year, the company issued 18 lakh new equity shares on a preferential basis to the promoter group and a non-promoter, increasing the paid-up equity capital to Rs. 12.86 crore (1.28 crore shares of Rs. 10 each). The AGM agenda includes adoption of financial statements, re-appointment of Chairman Mr. Lalit Bhasin (who retires by rotation), and appointment of Mr. Dikshant Malhotra as the new Secretarial Auditor for a five-year term.
Shareholders face a disappointing year with revenue decline and a return to losses, no dividend, and equity dilution from the preferential share issue. The stock price may not see positive sentiment unless the company can demonstrate a turnaround in its core leasing and finance operations in FY26.