Latest news about HARAFIN
HARAFIN
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More news about HARAFIN
08Apr 26
Haryana Financial Corporation and SIDBI File Non-Encumbrance Declarations for FY26
Haryana Financial Corporation received non-encumbrance declarations from its promoter and SIDBI for FY26. The Governor of Haryana confirmed no share encumbrance through the Industries & Commerce Department, while SIDBI declared no encumbrance on its 43,26,550 equity shares. Both filings comply with SEBI (SAST) Regulation 31(4) requirements and were submitted to BSE Limited on April 07, 2026.
31Mar 26
Haryana Financial Corporation Conducts 58th AGM and Formally Appoints M.K. Chopra as Director
Haryana Financial Corporation successfully held its 58th Annual General Meeting with unanimous approval of financial statements for 2024-25 and appointment of statutory auditors for 2025-26. The corporation formally appointed experienced director Shri M.K. Chopra as Shareholders Director, demonstrating strong governance practices and regulatory compliance.
21Mar 26
Haryana Financial Corporation Appoints Shri Sushil Sarwan as Managing Director
Haryana Financial Corporation has appointed Shri Sushil Sarwan, IAS (2012 batch), as its new Managing Director, effective March 20, 2026, replacing Dr. Aditya Dahiya, IAS. The appointment was made through State Government orders dated March 19, 2026, and communicated to BSE Limited under SEBI regulations. Sarwan, who previously served as Deputy Commissioner of Sonipat, also assumes the role of Managing Director at Haryana State Industrial and Infrastructure Development Corporation Limited.
12Feb 26
Haryana Financial Corporation Reports Net Profit of ₹8.56 Crores in Q3 FY26
Haryana Financial Corporation reported a strong financial turnaround in Q3 FY26 with a net profit of ₹8.56 crores compared to a loss of ₹0.59 crores in the previous year. Total income surged to ₹10.53 crores driven by operational income of ₹9.99 crores. The nine-month performance also showed improvement with a net profit of ₹7.95 crores against a loss of ₹0.16 crores in the corresponding period. Despite the positive financial results, the corporation continues its winding up process under the SFCs Act 1951, with delisting from BSE in progress.
13Nov 25
Haryana Financial Corporation Reports Loss, Moves Toward Delisting Amid Winding Up Process
Haryana Financial Corporation (HFC) reported a net loss of Rs 0.33 crore for Q2 2025, up from Rs 0.28 crore in Q1. Total income decreased to Rs 0.54 crore from Rs 0.64 crore. HFC recommended winding up/liquidation to the State Government and is undergoing delisting from BSE. The corporation has a 100% Gross NPA ratio and 99.36% promoter shareholding. Auditors noted material uncertainty about HFC's ability to continue as a going concern.
13Aug 25
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%.
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