Submission of Outcome of the Board Meeting held on Friday, 30th January, 2026.
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Awaiting price reaction for this filing.
The Board of Manraj Housing Finance Ltd approved its unaudited financial results for Q3 and nine months ended 31 December 2025. The company reported zero revenue from operations and a loss of Rs 5.04 lakhs in Q3 (nine-month loss of Rs 43.58 lakhs), against a profit of Rs 37.51 lakhs in the same period last year. The company has a negative net worth of Rs 70.57 lakhs and negative operating cash flow of Rs 51.30 lakhs for the nine months. The statutory auditor issued an Adverse Conclusion flagging that ~99% of the company's assets are advances to related parties now under Enforcement Directorate investigation under PMLA, with those assets attached, and ~65% of liabilities are unsecured loans from related parties. The auditor also flagged a default on a Rs 687.03 lakh bank loan since February 2020 with Rs 674.92 lakhs of uncharged/penal interest not provided for. The company has been non-operational for over four years, casting serious doubt on its ability to continue as a going concern.
This is a deeply negative filing for shareholders. The auditor's adverse opinion, going concern doubt, negative net worth, and ED attachment of related-party assets indicate the company is effectively defunct and faces material risk of further value erosion or regulatory action. Investors should treat this stock as extremely high risk with very poor near-term prospects.