Shareholder Meeting/Postal Ballot-Scrutinizer''s Report
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HB Portfolio Limited held its 30th Annual General Meeting on August 20, 2025 via video conferencing. All 5 resolutions placed before shareholders were passed with overwhelming majority (over 99.99% in favor). Key items approved include adoption of audited financial statements for FY 2024-25, confirmation of Rs. 1 per share dividend as final dividend, re-appointment of Mr. Lalit Bhasin as Director, appointment of Mr. A.N. Kukreja as Secretarial Auditor, and appointment of Mrs. Asha Mehra as Independent Director (special resolution). Of the 62,869 shareholders on record, 7 from promoter group and 81 from public attended via VC. Out of 1.07 crore total outstanding shares, about 66.43 lakh shares (61.71%) were polled. Promoter group voted 100% in favor across all resolutions, while public non-institutional holders voted approximately 98.83% in favor. No qualifications or adverse remarks were noted by statutory or secretarial auditors.
This is a routine procedural disclosure confirming shareholder approval for routine corporate matters including dividend confirmation and director appointments. The near-unanimous approval and absence of any audit qualifications signal smooth governance with no contentious issues. No material impact expected on stock price or shareholder value.