Manraj Housing Finance Ltd — Board Meeting, 04-08-2025: Board Meeting

Manraj Housing Finance's board approved the financial results for the latest quarter, reporting a net loss of INR 34.06 Lakhs. However, the auditor issued an adverse opinion due to significant concerns. Approximately 95% of assets are advances to related parties whose assets are attached by the Enforcement Directorate, raising recoverability doubts. The company also defaulted on a bank loan of INR 6.87 Cr, with INR 6.03 Cr of uncharged interest, understating liabilities. These issues, coupled with the company being non-operational for over four years and having negative net worth, cast serious doubt on its ability to continue operations.