Manipal Finance Corporation Ltd — Board Meeting, 30-05-2025: Board Meeting

Manipal Finance Corporation Ltd has announced a board meeting outcome approving the audited financial results for the year ended March 31, 2025. The company reported a net loss excluding exceptional income, with a significant portion of its funds blocked in non-performing assets, raising concerns about its ability to continue as a going concern. The accounts are prepared on a going concern basis based on management’s assessment, but the auditor highlighted uncertainty over asset realizability and liability settlement. The company paused payments on debentures and subordinated debts since 2002, with disputed claims classified as other financial liabilities. Cash flow from operating activities was negative due to exceptional losses, but investing activities saw a sizeable inflow from the sale of unquoted equity shares.