This is to inform that the Board of Directors of the Haryana Financial Corporation (HFC) at its meeting held today i.e. on 29.05.2026 have inter-alia considered and approved the followings:- i) ....
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 reported audited net profit of Rs 7.73 crore for Q4 FY26 and Rs 77.37 crore for full year FY25-26, compared to a loss of Rs 0.27 crore in Q4 FY25. Total income for the year was Rs 10.09 crore versus Rs 0.42 crore in the previous year. The auditors issued an Emphasis of Matter highlighting that 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 shares from BSE and appointed a merchant banker for the delisting process. SEBI has granted relaxations from certain provisions. Accumulated losses stand at Rs 52.16 crore. There are significant contingent liabilities including Rs 1372.81 lakh in employee/ex-employee claims and Rs 108.32 lakh in loanee claims.
The company is in the process of winding up with shares being delisted from BSE. Despite reporting a profit this year, shareholders face material uncertainty as the going concern assumption is under doubt. The delisting process is underway with valuation already completed.