Hybrid Financial Services Limited — JV/Acquisition, 10-12-2025: Amalgamation/Merger

Hybrid Financial Services (Transferee) and its wholly-owned subsidiary Maximus Securities (Transferor) are merging, now approved by NCLT. This consolidation aims to simplify the group structure, reduce costs, eliminate operational overlaps, and enhance shareholder value through business synergies. No new shares will be issued, nor will any cash be paid to Hybrid Financial Services shareholders as Maximus is a wholly-owned subsidiary. A key outcome is the merged entity will change its name to Maximus Securities Limited to reflect its primary business. This move should streamline operations and improve financial efficiency for investors.