Dear Sir, Submitting herewith clarification to your email dated 11th December 2025 received at 11-55 am For Hybrid Financial Services Limited Company Secreatary
HYBRIDFIN · price
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Awaiting price reaction for this filing.
Hybrid Financial Services has submitted a clarification to BSE regarding the NCLT Mumbai Bench-I order dated 16 October 2025, which approved the merger by absorption of its wholly-owned subsidiary Maximus Securities Limited into itself. The appointed date for the merger is 1 April 2024. The company clarified there was no delay from its side — the original order was filed on 17 October 2025, and the certified true copy (signed 8 December 2025, received 9 December 2025) was submitted to BSE on 10 December 2025. Since Maximus is a wholly-owned subsidiary, no new shares will be issued and the existing equity shares of Maximus will stand cancelled. Maximus is engaged in stock broking (member of BSE and NSE) and is a Depository Participant, while Hybrid Financial is a listed NBFC providing financial services.
This is an internal restructuring that simplifies the group structure, reduces duplication of costs, and consolidates the stock broking business into the listed entity. There is no share dilution for existing Hybrid Financial shareholders since no new equity is being issued. Operationally positive through synergies and cost savings, but unlikely to materially move the stock price as it is essentially a wholly-owned subsidiary absorption.