Haryana Financial Corporation Ltd — Board Meeting, 21-05-2025: Board Meeting

Haryana Financial Corporation has announced a board meeting to approve the financial results for the quarter and half-year. The Corporation reported a net loss of approximately Rs. 1.04 lakh for the year ended, with total income down to Rs. 5.76 crore from Rs. 31.56 crore in the previous year, reflecting its ongoing winding-up process. The Corporation continues to manage significant contingent liabilities including employee claims of around Rs. 13.57 crore and various legal disputes, with amounts largely indeterminate. The State Government has initiated the winding-up/liquidation of the Corporation and appointed HSIIDC’s Managing Director as nodal officer for the process, including delisting shares from BSE. The Corporation’s operations and assets are under methodical liquidation, with ongoing efforts to finalize asset valuations and share price determination via appointed merchant bankers.