Hybrid Financial Services Limited has informed the Exchange about Scheme of Arrangement
HYBRIDFIN · price
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Hybrid Financial Services Limited has informed the exchanges that the NCLT (National Company Law Tribunal) Mumbai bench pronounced its approval of the merger of its wholly owned subsidiary, Maximus Securities Limited, into Hybrid Financial Services Limited. The order was pronounced in open court on 26th September 2025. Since Maximus Securities is a wholly owned subsidiary, this is essentially a reverse merger that consolidates the subsidiary's operations into the listed parent entity. The formal certified copy of the NCLT order is awaited and further updates on the completion formalities will follow.
This is a simplification of the corporate structure with no immediate impact on share price, as it involves a wholly owned subsidiary merging into the parent. Shareholders do not need to take any action; the merger may lead to minor administrative efficiencies but no change in ownership or shareholding pattern.