Notice of 42nd Annual General Meeting to be held on 06th September, 2025.
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HB Leasing & Finance Company has informed BSE that its 42nd Annual General Meeting will be held on Saturday, 06th September 2025 at 02:00 PM via Video Conferencing. Three ordinary business items are on the agenda: adoption of the audited financial statements for FY 2024-25, re-appointment of Mr. Lalit Bhasin (Chairman) who retires by rotation, and appointment of Mr. Dikshant Malhotra of Dikshant Malhotra & Associates as Secretarial Auditor for a five-year term. The annual report reveals a weak year — total revenue fell sharply to ₹19.02 lakhs from ₹47.58 lakhs in the previous year, and the company swung to a net loss of ₹29.30 lakhs versus a profit of ₹7.81 lakhs earlier. Expenses actually rose to ₹48.62 lakhs. No dividend has been recommended due to brought-forward losses. The company also issued 18,00,000 equity shares to promoter group and a non-promoter on a preferential basis during the year.
Shareholders should note the meaningful decline in revenues and the swing to a loss for FY25, along with no dividend this year — these are negative signals for the stock. The agenda items are otherwise routine governance matters, with the Chairman seeking re-appointment and a new secretarial auditor being appointed for a five-year term.