HB Stockholdings Limited announced unaudited standalone earnings results for the fourth quarter and year ended March 31, 2013 and consolidated earnings results for the year ended March 31, 2013. For the quarter, the company reported net loss of INR 54.560 million or INR 2.29 basic and diluted loss per share after extra ordinary items on total loss from operations of INR 16.361 million compared to net profit of INR 26.231 million or INR 1.10 basic and diluted earnings per share after extra ordinary items on total income from operations of INR 43.840 million for the corresponding period last year. Loss from operations before other income, finance cost & exceptional items was INR 71.458 million against profit from operations before other income, finance cost & exceptional items of INR 25.174 million for the same period last year. For the year, the company reported net profit of INR 99.993 million or INR 4.20 basic and diluted earnings per share after extra ordinary items on total income from operations of INR 187.068 million compared to net profit of INR 92.330 million or INR 3.88 basic and diluted earnings per share after extra ordinary items on total income from operations of INR 120.548 million for the last year. Profit from operations before other income, finance cost & exceptional items was INR 109.310 million against INR 51.143 million of prior year. For the year, on consolidated basis, the company reported net profit of INR 145.733 million or INR 4.56 basic and diluted earnings per share after extra ordinary items on total income from operations of INR 185.572 million compared to INR 0.49 basic and diluted earnings per share after extra ordinary items on total income from operations of INR 118.455 million for the last year. Profit from operations before other income, finance cost & exceptional items was INR 155.561 million against INR 78.675 million of prior year.

The Board of Directors of HB Stockholdings Ltd. at its meeting held on May 17, 2013 recommended dividend at the rate of INR 1 per equity shares (10%) for the year ended March 31, 2013.

HB Stockholdings Ltd, Board Meeting, May 17, 2013. Agenda: To consider and approve the results for the three months period ended March 31, 2013 and audited accounts for the year ended March 31, 2013 and also approve the text of audited financial results for the three months/year ended March 31, 2013; to consider dividend, if any, on the equity shares; to reappoint Mr. Vijay Sood, Managing Director for a further period of Three years with effect from April 30, 2013; and to reappoint Mr. J. M. L. Suri, Executive Director for a further period of three years with effect from July 01, 2013.