Hybrid Financial Services Ltd

NCLT Approves Merger of Maximus Securities with Hybrid Financial Services 📈

- NCLT Mumbai approved the merger on October 16, 2025.

- Appointed merger date: April 1, 2024.

- Aims to simplify group structure, consolidate businesses, and reduce costs.

- Maximus Securities is a wholly-owned subsidiary of Hybrid Financial, specializing in stock broking.

- No new shares issued; existing Maximus shares held by Hybrid will be canceled.

- All assets, liabilities, and employees of Maximus will transfer to Hybrid.

- Expected benefits: streamlined operations, reduced compliance burdens, and cost optimization.

- Complies with tax provisions under Section 2(1B) of the Income Tax Act, 1961.