Intimation regarding convening 58th Annual General Meeting to be held on 25th March, 2026 and Annual Report alongwith Notice for 58th AGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Haryana Financial Corporation has called its 58th AGM for 25th March 2026 at 3:30 PM at HARCO Bank, Sector 17-B, Chandigarh, along with the Annual Report for FY 2024-25. The company has stopped fresh loan sanctions since May 2010 and is in the process of winding up, with the Haryana State Government (holding 97.28% of shares) having appointed an Nodal Officer for liquidation. Financials for FY 2024-25 show total income of Rs. 5.76 crore (down sharply from Rs. 31.56 crore in FY 2023-24, which included a one-time Rs. 26.43 crore from sale of a corporate building), and an operating profit of just Rs. 0.11 crore. Recovery during the year was Rs. 42 lakh, and no dividend has been recommended. Resolutions include approval of accounts, appointment of M/s AARSH & Associates as statutory auditors for FY 2025-26, appointment of Shri Vishal Arora as Secretarial Auditor for five years, re-appointment of six Directors, and a Special Resolution to appoint Shri M. K. Chopra (above 75 years) as Shareholders' Director.
Negative for minority shareholders: the company is in active winding-up mode, the stock trades very thinly (last quote Rs. 80 in January 2026), no dividend is being paid, and a delisting application has been filed with SEBI. The drastic fall in income and near-zero operating profit underscores that this is essentially a legacy entity in run-off, with recovery of old NPAs being the only meaningful business activity.