Shareholder Meeting/Postal Ballot-Outcome of AGM
Price
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HB Portfolio Ltd held its 30th AGM on August 20, 2025 via video conferencing, where all five resolutions were passed with overwhelming majority. Shareholders approved the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025 (99.99% in favor). The Rs. 1 per equity share interim dividend, declared earlier, was confirmed as the final dividend for FY 2024-25 (99.99% in favor). Mr. Lalit Bhasin (DIN: 00002114) was re-appointed as Director retiring by rotation, Mr. A.N. Kukreja was appointed as Secretarial Auditor, and Mrs. Asha Mehra (DIN: 02658967) was appointed as Independent Director via special resolution — all with near-unanimous support. Total of 6,643,024 votes were polled out of 10,764,230 outstanding shares (61.71% turnout), with only a handful of dissenting votes (337-352) on each resolution.
Routine AGM proceedings with strong shareholder approval across all items, including the dividend confirmation and new board appointments. No contentious issues or material dissent — a neutral, procedural event for shareholders with no expected stock price impact.