Manraj Housing Finance Ltd (530537)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Manraj Housing's revenue was ₹0.0 Cr, and net profit ₹-0.0 Cr (a smaller loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss narrowed | loss widened |
| Net profit | ₹-0.0 | loss narrowed | loss widened |
| EPS (₹) | -0.08 | loss narrowed | — |
📢 Recent Corporate Announcements
Manraj Housing Finance has appointed Mr. Ajitsingh Bansilal Behra as an Additional Independent Director effective August 12, 2026. Mr. Behra, aged 55, holds a B.Sc. in Physics and has expertise in business management and operations. The appointment occurs while the company reports zero TTM revenue and a negative net worth of Rs 1 Cr. The company currently carries a debt of Rs 20 Cr, which exceeds its market capitalization of Rs 17 Cr.
- Appointment of Mr. Ajitsingh Bansilal Behra as Additional Independent Director effective August 12, 2026
- The new director is 55 years old and holds a Bachelor of Science degree in Physics
- Company reports zero revenue for the last four quarters (June 2025 to March 2026)
- Financial position remains stressed with a negative net worth of Rs 1 Cr and debt of Rs 20 Cr
Mr. Subhashchand Champalal Bohara (DIN: 09053793) has resigned from the position of Independent Director at Manraj Housing Finance Ltd, effective August 12, 2026. The director cited pre-occupation with other professional commitments as the reason for his departure. This change occurs while the company reports zero TTM revenue and a negative net worth of ₹1 Cr. The company must now ensure its board composition remains compliant with SEBI listing regulations.
- Resignation of Independent Director effective from August 12, 2026
- Director confirmed no other material reasons for resignation beyond professional commitments
- Company currently operates with ₹0 Cr TTM revenue as of March 2026
- Company faces financial stress with a negative net worth of ₹1 Cr and debt of ₹20 Cr
Manraj Housing Finance reported zero operational revenue for the quarter ended June 30, 2026, continuing a multi-year period of inactivity. The company posted a net loss of ₹4.07 Lakhs, which auditors state is understated by ₹38.80 Lakhs due to non-provisioning of interest on defaulted loans. Total unprovided interest and penalties have reached ₹750.23 Lakhs, a significant figure against the company's ₹17 Cr market cap. Auditors have issued an adverse qualification regarding the company's ability to continue as a going concern due to eroded net worth and ongoing Enforcement Directorate proceedings.
- Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
- Auditors flagged unprovided interest and penal charges totaling ₹750.23 Lakhs on defaulted borrowings
- Net loss for the quarter is understated by ₹38.80 Lakhs due to lack of interest provisioning
- Accumulated losses reached ₹579.03 Lakhs, resulting in a negative net worth of ₹79.03 Lakhs
- Company remains in default on borrowings of ₹687.03 Lakhs originally from Jalgaon Peoples Co-Op Bank Ltd
Manraj Housing Finance reported zero operational revenue for the quarter ended June 30, 2026, with a net loss of Rs 4.07 lakhs. The company faces severe financial distress, including a default of Rs 6.87 crore on bank borrowings assigned to an ARC and an understated interest liability of Rs 7.50 crore. Auditors have issued an adverse opinion regarding the company's ability to continue as a going concern due to eroded net worth and ongoing Enforcement Directorate (ED) proceedings against the group. Management is banking on the liquidation of real estate assets to absorb losses, though legal impediments remain.
- Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
- Net loss for the quarter stood at Rs 4.07 lakhs, with accumulated losses reaching Rs 579.03 lakhs.
- Auditors identified a default of Rs 687.03 lakhs in bank borrowings, with unprovided interest totaling Rs 750.23 lakhs.
- Net worth has turned negative at Rs -79.03 lakhs as of June 30, 2026.
- Management confirmed ongoing legal proceedings initiated by the Enforcement Directorate against the group.
Manraj Housing Finance has scheduled a board meeting for August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. Crucially, the board will also consider altering the 'Main Objects Clause' of its Memorandum of Association (MoA), which could signal a shift in business direction. This comes at a time when the company reports zero TTM revenue and a negative net worth of ₹-1 Cr. Additionally, the board will process the resignation of one independent director and the appointment of another for a five-year term.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results
- Proposal to alter the 'Main Objects Clause' of the Memorandum of Association
- Appointment of Mr. Ajitsingh Bansilal Behra as Independent Director for a 5-year term
- Company currently operates with zero revenue and a negative net worth of ₹-1 Cr
- Trading window closed for all designated persons until 48 hours after results filing
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