Manraj Housing Finance Ltd has announced that its Board of Directors will convene on January 30, 2026, to deliberate on the company's third quarter financial performance and other key business matters. The meeting, scheduled for 4:30 PM, will be held at the company's registered office located at 3, Pushpa Apartment, General Vaidya Chowk, Jalgaon-425002.

Meeting Details and Regulatory Compliance

The board meeting notice has been issued in accordance with Regulation 29 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. The announcement was signed by Ishwarlal Jain, Managing Director (DIN: 00386348), and dated January 20, 2026.

Key Agenda Items

The board meeting will address seven primary agenda items, with the most significant being the consideration and approval of unaudited financial results for the quarter ended December 31, 2025. The comprehensive agenda includes:

• Financial Results Review: Consideration and approval of Q3FY26 unaudited financial results
• Governance Matters: Confirmation of previous board meeting minutes and committee meeting notes
• Business Operations: Review of company performance and strategic discussions
• Administrative Items: Chairman appointment, quorum confirmation, and leave of absence matters

Business Performance Outlook

According to the meeting notes, the Chairman has indicated that the company's performance for the third quarter ended December 31, 2025, has been "quite satisfactory." The board will discuss innovative ideas and suggestive measures to boost the company's growth in both monetary and non-monetary terms during the business operations review.

Corporate Information

The meeting will conclude with consideration of any other matters with the Chairman's permission, excluding those requiring proper notice. This board meeting represents a routine quarterly review process as part of the company's regulatory compliance and corporate governance framework.

Manraj Housing Finance Limited has announced its unaudited financial results for the quarter and half-year ended September 30, revealing significant financial challenges and raising concerns about the company's future.

Financial Performance

The company reported a net loss of Rs. 4.44 lakhs for the quarter ended September 30. This loss comes amid a series of critical issues highlighted by the statutory auditors, who issued an adverse opinion on the financial results.

Key Financial Metrics

Auditors' Concerns

The statutory auditors have raised several critical issues in their review:

1. Related Party Advances: Approximately 95% of the company's assets are advances to related parties currently under investigation by the Enforcement Directorate under the Prevention of Money Laundering Act. The related assets have been attached by the ED, raising significant concerns about the recoverability and valuation of these advances.

2. Unsecured Loans: About 64.8% of the company's liabilities are unsecured loans from related parties, creating uncertainty about the completeness and accuracy of the company's liabilities.

3. Loan Default: The company has defaulted on bank borrowings of Rs. 687.03 lakhs since February 2020. Unprovided interest and penalties total Rs. 637.86 lakhs, understating the company's losses and liabilities.

4. Going Concern Issues: The auditors noted that the company has not been operational for more than 4 years and has a negative net worth, raising serious doubts about its ability to continue as a going concern.

Management Response

The company's management has not provided any specific comments or plans to address these issues in the financial results announcement. The board of directors approved the unaudited financial results in their meeting held on November 10.

Market Implications

The adverse audit opinion and the company's financial struggles may have significant implications for investors and stakeholders. The issues raised by the auditors, particularly the concerns about related party transactions and loan defaults, could potentially impact the company's credibility and future financing options.

Investors and market watchers will likely be looking for clear communication from Manraj Housing Finance Limited's management regarding their plans to address these financial challenges and restore the company's operational status.

As the situation develops, regulatory authorities may also take a closer look at the company's operations and financial practices, given the severity of the issues highlighted in the auditor's report.