HB Stockholdings Limited at its board meeting held on 23 May 2023 approved to recommend a dividend of INR 1 per equity share of face value of INR 10/- each (that is 10%) for the financial year ended March 31, 2023, subject to the approval of the members in the upcoming 36th Annual General Meeting of the Company to be held on August 19, 2023. The dividend is proposed to be paid, to those members whose names appear as Members in the Register of Members of the Company or Register of Beneficial Owners as on the cut-off date that is August 12, 2023, within 30 days from the conclusion of the 36th Annual General Meeting.