Submission of Scrutinizer''s Report for the 42nd Annual General Meeting of the Company held on 06th September 2025
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HB Leasing & Finance Company held its 42nd Annual General Meeting on 6 September 2025 via video conferencing. All three ordinary resolutions were passed with overwhelming shareholder approval. Resolution 1 (adoption of audited financial statements for FY ended 31 March 2025) received 99.99% votes in favour, Resolution 2 (re-appointment of Mr. Lalit Bhasin as Director, who retires by rotation) received 99.99% in favour, and Resolution 3 (appointment of Mr. Dikshant Malhotra as Secretarial Auditor for 5 consecutive years) also received 99.99% in favour. The total shareholding on record date stood at 36,320 shareholders, with only about 49.6% of outstanding shares (6,374,435 shares) participating in voting. There were no qualifications or adverse remarks from the Statutory or Secretarial Auditors for FY 2024-25.
The near-unanimous approval of all resolutions indicates strong shareholder support and smooth corporate governance. The re-appointment of Mr. Lalit Bhasin ensures board continuity, and the appointment of a new secretarial auditor for a 5-year term is a routine governance matter with no material impact expected on the stock price.