Haryana Financial Corporation Appoints Three New Directors, Reports Q1 Results
Haryana Financial Corporation (HFC) has appointed three new directors to its Board and reported a net loss of ₹0.28 crore for Q1 FY2023-24. The new appointments include Shri Amit Kumar Agrawal and Shri Mohammed Shayin as government representatives, and Shri Sonam Chhewang as LIC's nominee. HFC's total income for Q1 was ₹0.61 crore, while total expenditure was ₹0.89 crore. The corporation's Gross NPAs stand at 100%, and it has recommended to the State Government for its winding up/liquidation. The process of delisting HFC's shares from BSE Ltd. is ongoing.
13Aug 25
Haryana Financial Corporation Reports Loss, Faces Winding Up Process
Haryana Financial Corporation (HFC) reported a net loss of ₹0.28 crores for Q1 FY2024, with total income decreasing to ₹0.61 crores. The company has recommended its winding up/liquidation to the State Government and is in the process of delisting from BSE. Auditors have raised concerns about HFC's ability to continue as a going concern. The corporation's shareholding remains predominantly with promoters at 99.36%.