Hybrid Financial Services logo

Hybrid Financial Services MD, chairman, board of directors and AGM

NSE: HYBRIDFINBSE: 500262Capital MarketsSmall Cap

Last close ₹15.87up ₹0.05 (0.32%)BSE ₹16.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹15.82.

52-week range of traded prices to 23 Oct 2026
₹14.50Low, 17 Mar 2026₹33.62High, 23 Oct 2025
Market cap
₹47 Cr3,329th largest listed
P/E
Earlier quarters restated in the year
P/B
1.1
Dividend yield
Nonein the last 12 months
ROCE
0.0%
Debt to equity
0.02
Volume, NSE
2,21596.5% delivered

Hybrid Financial Services board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.

  • ChairpersonSameer Suresh Pimpale
  • Company Secretary and Compliance OfficerChandramouli Krishnamurthy

6 directors3 independent2 executive1 non-executive

  • Sameer Suresh Pimpale · ChairpersonIndependent · joined Sep 2020 · reappointed Sep 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Nandakishore Raghunath DivateExecutive · joined Sep 2008 · reappointed Aug 2025 · 1 listed board · 2 committee seats
  • Chandramouli KrishnamurthyExecutive · joined Sep 2008 · reappointed Oct 2024 · 1 listed board · 1 committee seat
  • Megha Jatendra VazkarNon-executive · joined Oct 2014 · reappointed Sep 2023 · 1 listed board
  • Nilay Shivnarayan SharmaIndependent · joined Sep 2020 · reappointed Sep 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Nitin Kamlakar TikeIndependent · joined Jul 2024 · reappointed Jul 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Mahesh Salamatrai Makhijani, left 30 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 31 Jul 20266 of 6 present3 independent · 70 days in between
    • 21 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Nitin Kamlakar Tike

    Nilay Shivnarayan Sharma, Sameer Suresh Pimpale, Nandakishore Raghunath Divate

    • 31 Jul 20264 of 4 present3 independent · 70 days in between
    • 21 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Nilay Shivnarayan Sharma

    Sameer Suresh Pimpale, Nitin Kamlakar Tike

    • 31 Jul 20263 of 3 present3 independent · 70 days in between
    • 21 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Sameer Suresh Pimpale

    Nilay Shivnarayan Sharma, Nitin Kamlakar Tike, Nandakishore Raghunath Divate, Chandramouli Krishnamurthy

    • 31 Jul 20265 of 5 present3 independent · 70 days in between
    • 21 May 20265 of 5 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • S. Ramanand Aiyar & CoPeer-review certificate valid to Apr 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Hybrid Financial Services AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hybrid Financial Services share news and announcements

Annual general meeting, 11 Sep 2026

54,493 shareholders on the register on 4 Sep 2026; present: 2 promoters and 104 others; votes counted by VIJAY TIWARI / VIJAY S.TIWARI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Statement of Profit and Loss, Cash Flow Statement, Statement of changes in Equity of the Company for the year ended 31st March 2026 and the Balance Sheet at that date and Reports of the Directors and Auditors there onMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. To declare Dividend @ 1% on Preference Shares for the Financial Year 2025-2026 as per terms of issue
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of Mrs. Megha Jatendra Vazkar (DIN: 00179162) as Whole Time Director of the Company to hold office for a period of three years with effect from 1st July, 2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Sep 2025, 7 resolutions

54,041 shareholders on the register on 5 Sep 2025; present: 2 promoters and 86 others; votes counted by VIJAY TIWARI / VIJAY S.TIWARI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Statement of Profit and Loss, Cash Flow Statement, Statement of changes in Equity of the Company for the year ended 31st March 2025 and the Balance Sheet at that date and Reports of the Directors and Auditors there onMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. To declare Dividend @ 1% on Preference Shares for the Financial Year 2024-2025 as per terms of issue
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of M/S. Vijay Tiwari & Associates, Practising Company Secretaries, Proprietor CS Vijay S.Tiwari (Membership No: 33084, CP No: 12220) holding Peer Review Certificate No: 1679/2022 as Secretarial Auditor for a period of Five Consecutive Financial Years commencing from the Financial Year 2025-2026 to the Financial Year 2029-2030MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. In view of the proposed merger of Maximus Securities Limited with the Company, the resolutions passed as an enabling resolution to be adopted upon the merger is approved by National Company Law Tribunal. Considering the Stock Broking Activity, the amendment to main objects of the Company in Memorandum of Association starts with clause A-3 onwards till A-6MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. Re-appointment of Mr.Nandakishore R.Divate (DIN:00304616) as Whole Time Director for a period of Three Years with effect from 1st August 2025
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  6. Re-appointment of Mr. Sameer Suresh Pimpale (DIN:08813127) as Independent Directorfor a further period of Five Years from the consclusion of this Annual General Meeting up to the conclusion of the Annual General Meeting for the year 2030MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  7. Re-appointment of Mr.Nilay Shivnarayan Sharma (DIN:00231299) as Independent Director for a further period of Five Years from the conclusion of this Annual General Meeting up to the conclusion of Annual General Meeting for the year 2030MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Jul 2024, 6 resolutions

Present: 2 promoters and 74 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in the Equity of the Company for the year ended 31st March 2024 and the Balalnce Sheet as at that date and the Reports of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. To declare Dividend @ 1% on Preference Shares for the Financial Year 2023-2024 as per terms of issue
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. To appoint M/S. S.Ramanand Aiyar & Co, Chartered Accountants having Firm Registrations No: 000990N as Statutory Auditors of the Company for a term of 5 (Five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the 42nd Annual General Meeting to be held in the year 2029 at such remuneration as shall be fixed by the Board of Directors of the CompanyMoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. Re-appointment of Mr. K. Chandramouli (DIN:00036297) as Whole Time Director and Company Secretary for a period of Three years with effect from 1st October 2024
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. Appointment of Mr. Milind Srikrishna Rajadhyaksha (DIN: 10600074) as an Independent Director for a period of Five consecutive years to hold the office from the conclusion of this Annual General Meeting until the conclusion of the Annual General Meeting to be held in the year 2029MoreLess
    Special
    1.08% for98.92% against

    Against: promoters 99.60% · institutions 0.00% · other public 1.86%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  6. Appointment of Dr Nitin Kamalakar Tike (DIN:10621986) as Independent Director for a period of Five consecutive years to hold the office from the conclusion of this Annual General Meeting until the conclusion of the Annual General Meeting to be held in the year 2029MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 15 Sep 2023, 1 resolution

Present: 4 promoters and 72 others.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Amalgamation of Maximus Securities Limited (Transferror Company and Wholly Owned Susidiary of the Transferee Company) with Hybrid Financial Services Lmited (Transferee Company) through Fast Track Route of Amalgamation as provided under section 233 of The Companies Act, 2013.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Sep 2023, 3 resolutions

Present: 9 promoters and 52,304 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in the Equity of the Company for the year ended 31st March 2023 and the Balalnce Sheet as at that date and the Reports of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. Approval of Dividend @ 1% on Preference Shares for the Financial Year 2022-2023 as per terms of issue
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of Mrs.Megha J.Vazkar (DIN: 00179162) as Non executive Woman Director for a period of Five Years from conclusion of this ensuing Annual General Meeting until the conclusion of Annual general Meeting to be held in the year 2028MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Aug 2022, 4 resolutions

Present: 4 promoters and 51 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Statement of Profit and Loss, Cash Flow Statement of the Company for the year ended 31st March, 2022 and the Balance Sheet as at that date and the Reports of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. Approval of Dividend @ 1% on Preference Shares for the Financial Year 2021-2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of M/s. BDMV & Co, Chartered Accountants, having Firm Registration No: 101256W for a further period of Two Consecutive Years from the conclusion this 35th Annual General Meeting till the conclusion of 37th Annual General Meeting to be held in the year 2024.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. Appointment of Mr. Nandakishore R.Divate (DIN: 00304616) as Wholetime Director for a peiod of Three Years with effect from 1st August 2022
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.