Manraj Housing Finance Ltd — Results, 04-08-2025: Result

Manraj Housing Finance announced board approval of the financial results for the quarter, reporting a net loss of 0.34 Cr. The auditor's review issued an adverse opinion, citing grave concerns. Ninety-five percent of assets are advances to related parties under ED investigation, raising recovery doubts. The company also defaulted on a 6.87 Cr bank loan, with 6.03 Cr uncharged interest understating losses. These issues, along with over four years of no operations and negative net worth, cast significant doubt on the company's ability to continue as a going concern, impacting shareholder value.