Haryana Financial Corporation Ltd — Results, 21-05-2025: Result

Haryana Financial Corporation has announced a board meeting on which approved the audited annual financial results for FY 2024-25 and the financial results for the quarter and year ended 31st March 2025. The corporation reported a net loss after tax of Rs. 1.04 lakh for FY 2024-25 compared to a profit of Rs. 1.37 crore in the previous year. Total income stood at Rs. 5.76 crore with operational expenses and provisions leading to this loss. The corporation’s board has recommended winding up/liquidation, and the State Government has initiated the process, appointing HSIDC as the nodal agency. Shares are being delisted from BSE with a merchant banker appointed for this purpose. Significant contingent liabilities relate to disputed claims by ex-employees/pensioners (~Rs. 13.57 Cr) and pending legal cases. The corporation continues to hold investments primarily in Haryana Power Generation Corp. and others, and has made provisioning against non-performing loans as per SIDBI norms. The audit report is unmodified but highlights material uncertainty on going concern due to winding up.