This is to inform you that the Board of Directors of the Haryana Financial Corporation (HFC) in its meeting held today i.e. 13.08.2025 have inter-alia considered and approved as under:- Unaudited ....
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The Board of Directors on 13.08.2025 approved unaudited financial results for the quarter ended 30 June 2025. Total income stood at Rs 0.61 crore against total expenditure of Rs 0.89 crore, resulting in a net loss of Rs 0.28 crore (EPS of Rs -0.01). The company reported zero income from operations, with the only income coming from miscellaneous sources. Crucially, Note 3 of the results reveals that the Corporation has recommended to the State Government its winding up/liquidation under Section 45 of the SFCs Act, 1951, and the State Government has decided to delist the shares from BSE, with the process currently underway. The auditor's Limited Review Report draws explicit attention to this matter, stating that these conditions indicate a material uncertainty that may cast significant doubt on the Corporation's ability to continue as a going concern, though the opinion itself is not modified.
This is a severe negative signal for shareholders — the company has virtually no operating income, is reporting losses, is being wound up/liquidated at the recommendation of its Board, and its shares are being delisted from BSE. Shareholders face a near-total loss of value with no clear timeline or exit terms yet disclosed.