Submission of audited financial results for the quarter and year ended on 31st March, 2026
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Awaiting price reaction for this filing.
Manraj Housing Finance Ltd reported a loss of ₹47.97 lakhs in FY26, swinging from a profit of ₹33.64 lakhs in FY25, on total income of just ₹4.29 lakhs versus ₹54.29 lakhs a year ago as the company has had no operational revenue for over three years. The statutory auditor, M/s Ratan Chandak & Co LLP, issued an Adverse Opinion, stating the financials do not present a true and fair view. Over 99% of the company's assets (₹1,854.67 lakhs in non-current assets) are advances to related parties currently under investigation by the Enforcement Directorate under PMLA, with those assets provisionally attached. The company has defaulted on ₹687.03 lakhs in bank borrowings now assigned to ASREC, and unprovided interest/penalties of ₹711.42 lakhs make the real liability far higher, while net worth has turned negative at ₹(74.96) lakhs. The auditor also flagged a material uncertainty over the company's ability to continue as a going concern and noted cash losses of ₹46.98 lakhs in the year.
This is a severely distressed filing — negative net worth, ED attachment of assets, defaulted bank loans, adverse audit opinion, and a going-concern warning. Shareholders face a very high risk of further value erosion, and the stock is likely to see continued selling pressure and possible exchange/regulatory scrutiny.