Manraj Housing Finance Ltd
Submission of audited financials results for the quarter and year ended on 31st March, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 26 May 2026, 08:45 PM IST · BSE ID: 99fa9aff-a20f-4e79-91a7-693789af2214
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a yearly loss, and its auditors found major problems with asset recoverability and debt reporting, raising doubts about its future.
🤖 AI Summary
- Manraj Housing Finance reported an audited net loss of INR 47.97 Lakhs for the year ended March 31, 2026.
- Total Income for the year ended March 31, 2026, was INR 4.29 Lakhs, with Revenue from Operations at INR 0.00 Lakhs.
- Statutory auditors issued an adverse opinion, citing over 99% of assets as related party advances under ED investigation.
- Auditors noted INR 687.03 Lakhs in defaulted bank borrowings from February 2020, with uncharged interest of INR 711.42 Lakhs.
- The company's net worth is negative, and it has not been in operation for more than 3 years, raising going concern doubts.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the period (Year ended 31/03/2026)
INR -47.97 Lakhs
Not comparable — limited prior period data.
Total Income (Year ended 31/03/2026)
INR 4.29 Lakhs
Not comparable — limited prior period data.
Equity Share Capital (As at 31/03/2026)
INR 500.00 Lakhs
Borrowings from Bank (As at 31/03/2026)
INR 687.03 Lakhs
Uncharged interest on Bank Borrowings (01/03/2020 to 31/03/2026)
INR 711.42 Lakhs
🏢 How This Affects the Company
The company's Revenue from Operations remained INR 0.00 Lakhs for the year, indicating no core business activity during the period. The company is not in operation for more than 3 years, as highlighted by auditors.
The company reported a net loss of INR 47.97 Lakhs for FY26. Total liabilities are understated by INR 711.42 Lakhs due to unprovided interest on defaulted bank borrowings, impacting the true financial position.
The audit findings indicate a complete lack of operational activity for over three years. The company's assets are primarily related party advances under ED investigation, affecting its operational viability.
The company faces significant financial and legal risks due to advances to related parties under Enforcement Directorate (ED) investigation, with assets attached under PMLA. Non-provisioning of substantial interest on defaulted bank borrowings further exacerbates financial risk and raises concerns about its ability to continue as a going concern.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the reported net loss of INR 47.97 Lakhs for the year and the auditors' adverse opinion, which highlights substantial financial and operational issues.
🔍
Management Signal
The financial results and auditor's report indicate significant challenges in managing financial obligations and recovering assets, with ongoing legal and operational distress.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Further updates on Enforcement Directorate investigation into related parties.
Any communication regarding the recovery of advances from related parties.
Updates on resolution of defaulted bank borrowings with ASREC (India) Ltd.
HIGH RISK
Auditor's adverse opinion, negative net worth, default on borrowings, and ED investigation on assets indicate severe risk.
💡 Investor Takeaway
Manraj Housing Finance reported a net loss of INR 47.97 Lakhs for the year ended March 31, 2026, with auditors issuing an adverse opinion. Key concerns include INR 687.03 Lakhs in defaulted bank borrowings and over 99% of assets as related party advances under ED investigation.
⚖️ Strengths & Concerns
⚠️ Concerns
- The company reported a Profit/(Loss) for the period of INR -47.97 Lakhs for the year ended March 31, 2026.
- The company has defaulted on bank borrowings of INR 687.03 Lakhs, with uncharged interest of INR 711.42 Lakhs, leading to understated liabilities.
📅 Company Track Record
Manraj Housing Finance Ltd. was incorporated in 1990 (CIN: L65922MH1990PLC055000). The current filing indicates the company has not been in operation for more than 3 years, with no previous filings found for this company on ForgeUp.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Manraj Housing Finance's net profit/loss for the year ended March 31, 2026?
Manraj Housing Finance reported a net loss of INR 47.97 Lakhs for the year ended March 31, 2026.
What was Manraj Housing Finance's total income for the year ended March 31, 2026?
The total income for Manraj Housing Finance for the year ended March 31, 2026, was INR 4.29 Lakhs.
What were the auditors' key concerns regarding Manraj Housing Finance's financial statements for FY26?
The auditors' key concerns included over 99% of assets being related party advances under ED investigation, and understatement of liabilities by INR 711.42 Lakhs due to uncharged interest on defaulted bank borrowings of INR 687.03 Lakhs.
Has Manraj Housing Finance defaulted on any bank borrowings?
Yes, Manraj Housing Finance defaulted in repayment of borrowings availed from Jalgaon Peoples Co-Op. Bank Ltd., with INR 687.03 Lakhs outstanding as of February 2020.
What is the status of Manraj Housing Finance's operations?
The company is not in operation for more than 3 years, and its ability to continue as a going concern is questioned by the auditors.
Questions based on this BSE filing only. For information purposes.