Announced Fri, 29 May · 18:48 IST

Please find attached herewith the Annual Audited Financial Results for the Year 2025-26 alongwith Quarterly Results

Going ConcernEmphasis Of MatterContingent Liabilities IncreasedResults View source PDF

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Awaiting price reaction for this filing.

AI summary

Haryana Financial Corporation has reported annual audited results for FY 2025-26 (year ended March 31, 2026). Total income jumped significantly to Rs 100.94 crore from Rs 4.16 crore in the previous year, while the corporation turned profitable with a net profit of Rs 7.74 crore compared to a loss of Rs 7.73 crore in FY 2024-25. The profit before tax was Rs 84.44 lakh. Total assets stood at Rs 250.31 crore and accumulated losses reduced to Rs 59.89 crore. However, the auditors have highlighted a material uncertainty regarding the corporation's ability to continue as a going concern as the corporation has recommended winding up/liquidation to the State Government under Section 45 of SFCs Act, 1951. The State Government has decided to delist the shares from BSE and a merchant banker has been appointed for this process. Significant contingent liabilities include Rs 1372.81 lakh from employee/ex-employee claims and Rs 108.32 lakh from loanees/auction purchasers.

Likely market impact

This is a high-risk filing as the corporation is undergoing liquidation proceedings and shares will be delisted from BSE. Shareholders should be aware that the stock is effectively worthless as the company winds down operations. The profit in FY26 is essentially a winding-up result, not indicative of a turnaround.