Intimation regarding convening 58th Annual General Meeting to be held on 25th March, 2026 and Annual Report alongwith Notice for 58th AGM

Haryana Financial Corporation has called its 58th AGM on 25th March 2026 at 3:30 PM in Chandigarh. The book closure period is 14th March to 24th March 2026. Key items on the agenda include adoption of FY 2024-25 audited accounts, appointment of M/s AARSH & Associates as Statutory Auditors for FY 2025-26 at a fee of Rs. 57,200 plus GST, and appointment of Shri Vishal Arora as Secretarial Auditor for five years at Rs. 25,000 plus GST. Shareholders will also vote on re-appointment of Directors and appointment of Shri M. K. Chopra as Shareholders' Director via a special resolution (he is over 75 years). No dividend has been recommended. The Corporation has stopped fresh loan sanctions since May 2010 and the State Government of Haryana (holding 97.28% stake) has already initiated winding-up/liquidation proceedings, with MD, HSIIDC appointed as the Nodal Officer. For FY 2024-25, total income fell sharply to Rs. 5.76 crore from Rs. 31.56 crore in the previous year (which included a one-time Rs. 26.43 crore gain from sale of the Panchkula corporate building), while net profit was a marginal Rs. 0.10 crore versus Rs. 1.65 crore. The Corporation is debt-free, has no outstanding borrowings, and staff strength dropped from 16 to 14.