This paper describes HateSense, our multi-task learning framework for the BLP 2025 shared task 1 on Bangla hate speech identification. The task requires not only detecting hate speech but also classifying its type, target, and severity. HateSense integrates binary and multi-label classifiers using both encoder-and decoder-based large language models (LLMs). We experimented with pre-trained encoder models (Bert based models), and decoder models like GPT-4.0, LLaMA 3.1 8B, and Gemma-2 9B. To address challenges such as class imbalance and the linguistic complexity of Bangla, we employed techniques like focal loss and odds ratio preference optimization (ORPO). Experimental results demonstrated that the pre-trained encoders (BanglaBert) achieved state-of-the-art performance. Among different prompting strategies, chain-of-thought (CoT) combined with few-shot prompting proved most effective. Following the HateSense framework, our system attained competitive micro-F1 scores: 0.741 (Task 1A), 0.724 (Task 1B), and 0.7233 (Task 1C). These findings affirm the effectiveness of transformer-based architectures for Bangla hate speech detection and suggest promising avenues for multi-task learning in low-resource languages.