Manipal Finance Corporation Ltd — Results, 19-06-2025: Result

Manipal Finance Corporation Ltd has announced a board meeting to consider the financial results for the quarter and half-year. The company rectified previous non-compliance by submitting standalone audited results and a statement on the impact of audit qualifications, uploaded as additional documents. The auditor’s report carries a recurring qualified opinion highlighting significant losses and majority funds blocked in Non-Performing Assets, raising concerns over the company’s ability to continue as a going concern. The management continues preparing accounts on a going concern basis, but the uncertainty affects asset realizations and liability settlements, which remains unresolved since 1999-2000.