Haryana Financial Corporation FY26 Net Profit ₹7.74 Crore

The meeting commenced at 04:45 PM and concluded at 06:10 PM on 29.05.2026.

The Board approved:

Statement of Assets and Liabilities (Rupees in Crore):

| Particulars | As at 31.03.2026 | As at 31.03.2025 |

| CAPITAL AND LIABILITIES | | |

| Share Capital | 207.66 | 207.66 |

| Reserves and surplus | 16.58 | 16.58 |

| Current Liabilities | 14.28 | 20.94 |

| Provisions | 11.79 | 11.73 |

| Total Capital and Liabilities | 250.31 | 256.91 |

| ASSETS | | |

| Fixed Assets | 0.54 | 0.53 |

| Loans and Advances | 7.51 | 7.41 |

| Investments | 149.51 | 149.51 |

| Cash and Bank Balances | 33.22 | 31.31 |

| Other Current Assets | 7.37 | 8.26 |

| Accumulated Losses | 52.16 | 59.89 |

| Total Assets | 250.31 | 256.91 |

Profit and Loss Account (Year ended 31.03.2026):

Revenue from Operations: ₹10.09 crore (Interest income on Loans & Advances: ₹9.17 crore; Amount received out of bad debts written off: ₹2.56 crore; Prior Period Income: ₹6.66 crore)
Other Income: ₹22.24 crore (Interest Income on Deposits with Banks: ₹22.21 crore; Dividend on Investments: ₹0.16 crore; Miscellaneous income: ₹0.01 crore)
Net Profit for the Year: ₹7.74 crore
Earnings Per Share: ₹0.37

Auditors AARSH & Associates issued an unmodified opinion but drew attention to:

The Corporation has recommended to the State Government for winding up/liquidation u/s 45 of SFCs Act, 1951
The State Government has decided to delist shares from BSE, a process that is underway
These events indicate a material uncertainty that may cast significant doubt on the Corporation's ability to continue as a going concern

Contingent liability in respect of units disposed off but in dispute - amount indeterminate
Claims lodged by ex-employees/pensioners (32 cases) amounting to approximately ₹1372.81 lakh not acknowledged
Other court cases/appeals by employees/ex-employees/pensioners with indeterminate amounts
Claims lodged by Loanees/Auction purchasers amounting to ₹108.32 lakh
₹349.83 lakh deposited with Income Tax department against demands for FY 1980-81 to 1982-83 & 2013-14 to 2015-16, matter sub-judice
Provision for diminution in value of investments (unquoted listed/unlisted) to the extent of ₹4.18 crore (net)

Corporation recommended winding up to State Government u/s 45 of SFCs Act, 1951
State Government appointed Managing Director HSIIDC as Nodal Officer for winding up formalities
Board constituted committee under Director of Industries & Commerce, Haryana for winding up purpose
State Government decided to delist shares from BSE
SEBI granted relaxations from certain provisions of Delisting Regulations, 2021 subject to fulfillment of conditions
Merchant Banker (M/s VC Corporate Advisor, Kolkata) appointed for delisting process
Registered Valuer appointed who submitted valuation report under consideration

Authorized Capital: 300,000,000 equity shares of ₹10/- each (₹300 crore)
Issued and Subscribed: 211,065,500 equity shares of ₹10/- each issued under section 4 of SFCs' Act, 1951 + 626,600 shares of ₹10/- each issued under section 4A(1) as special class of shares
Paid-up Capital: ₹207.66 crore (207,658,100 shares of ₹10 each)
Shareholding Pattern: Government of Haryana (97.28%), SIDBI (2.08%), Commercial Banks, Insurance Cos. etc. (0.10%), Private Shareholders (0.54%)