Haryana Financial Corporation Ltd (530927)

Haryana Financial Corporation Ltd has scheduled a Board meeting on August 19, 2026, to consider a voluntary delisting proposal from its promoter, the State Government of Haryana. Following the Initial Public Announcement dated August 07, 2026, the Acquirer intends to buy out all public shareholders and delist the equity shares from BSE, the sole exchange where it is listed. The Board will review the due diligence report, approve a Postal Ballot Notice for shareholder approval, and constitute an Independent Directors committee. With promoter holding currently at 99.36%, the delisting offer targets the remaining ~0.64% public float.

• Board of Directors meeting scheduled for Wednesday, August 19, 2026, to consider voluntary delisting.
• Delisting initiated by promoter State Government of Haryana via Initial Public Announcement dated August 07, 2026.
• VC Corporate Advisors Private Limited appointed as the Manager to the Delisting Offer.
• Board to consider Due Diligence report, Postal Ballot notice, and constitute Independent Directors committee.
• Current promoter holding stands at 99.36%, leaving a public float of approximately 0.64%.

Haryana Financial Corporation (HFC) has formally initiated a voluntary delisting process led by the Haryana State Government, which holds a 99.36% stake. For the quarter ended June 30, 2026, the company reported a net loss of ₹0.40 crore on a total income of just ₹0.53 crore. Most critically, the Board has recommended the winding up/liquidation of the corporation under Section 45 of the SFCs Act, 1951. Auditors have highlighted a material uncertainty regarding the company's ability to continue as a going concern.

• Net loss widened to ₹0.40 crore in Q1 FY27 compared to a loss of ₹0.28 crore in Q1 FY26
• Promoter holding stands at 99.36%, leaving a negligible public float of only 0.64%
• Total income for the quarter declined to ₹0.53 crore from ₹0.61 crore in the year-ago period
• Board approved the appointment of CS Alok Purohit for due diligence related to the voluntary delisting
• Auditors issued a 'Material Uncertainty' warning regarding the company's status as a going concern

Haryana Financial Corporation reported a net loss of ₹0.40 crore for Q1 FY27, widening from a ₹0.28 crore loss in Q1 FY26. The company generated zero income from operations during the quarter, relying entirely on miscellaneous income of ₹0.53 crore. The Board has formally approved the appointment of a Peer Reviewed Company Secretary to conduct due diligence for the voluntary delisting proposed by the Haryana State Government (Promoter). Additionally, the company has recommended its own winding up/liquidation to the State Government under Section 45 of the SFCs Act, 1951.

• Net loss for Q1 FY27 stood at ₹0.40 crore against a loss of ₹0.28 crore in the previous year's corresponding quarter.
• Income from operations was ₹0.00 for the quarter ended June 30, 2026, indicating a halt in core business activity.
• Promoter group (Haryana State Government) holds 99.36% of the equity, leaving a minimal public float of 0.64%.
• CS Alok Purohit has been appointed to carry out due diligence for the proposed voluntary delisting from BSE.
• The corporation has officially recommended its winding up/liquidation to the State Government.

Haryana Financial Corporation has scheduled a board meeting for August 12, 2026, to approve its Q1 FY27 financial results and consider a proposal for voluntary delisting from the BSE. This is a significant development given the promoter holding is already at an extremely high 99.36%, leaving a public float of only 0.64%. The company's market capitalization of Rs 1,356 Cr is very high relative to its TTM revenue of Rs 12 Cr, resulting in a P/E of 177.0. Investors should closely monitor the delisting terms, as the company currently does not meet the minimum public shareholding requirements.

• Board meeting scheduled for August 12, 2026, to consider voluntary delisting from BSE.
• Promoter holding is currently 99.36%, significantly above the regulatory limit for listed companies.
• Financial results for the quarter ended June 30, 2026, will be reviewed during the same meeting.
• The company reported a TTM revenue of Rs 12 Cr against a market cap of Rs 1,356 Cr.
• Public shareholding is restricted to just 0.64% of the total equity.