Manipal Finance Corporation News

Manipal Finance Corporation Reports Quarterly Results Amid Going Concern Doubts

Manipal Finance Corporation Ltd announced its unaudited financial results for the quarter ended September 30, 2025. The Board meeting was held on November 13, 2025, and concluded at 4:45 p.m. The company's auditors issued a qualified review report, highlighting significant concerns about the company's ability to continue as a going concern. The auditors noted that the company has incurred losses over the years and its majority of funds are blocked in Non-Performing Assets. They expressed inability to comment on the ultimate realizability of the company's assets, including Property, Plant and Equipment under lease, and the company's ability to settle its liabilities. Despite these concerns, the financial statements have been prepared on a going concern basis based on management's perception.

Manipal Finance Corporation Reports Net Loss in Q1 Results

Manipal Finance Corporation Ltd published its unaudited financial results for the quarter ended June 30, 2025 in The New Indian Express and Vijayavani newspapers. The company reported total revenue from operations of Rs 4.67 crore compared to Rs 4.49 crore in the same quarter last year. However, the company posted a net loss of Rs 9.85 lakh for the quarter, compared to a net loss of Rs 7.81 lakh in the corresponding quarter of the previous year. The loss per share stood at Rs 0.12. For the full year ended March 31, 2025, the company had reported a net profit of Rs 0.57 lakh and total revenue of Rs 21.74 crore. The company's equity share capital remains at Rs 8.35 crore with a face value of Rs 10 per share.

Manipal Finance Corporation Approves Quarterly Results and Board Changes

Manipal Finance Corporation Ltd. approved unaudited financial results for the quarter ended June 30, 2025, and scheduled its 42nd Annual General Meeting for September 26, 2025. The company announced significant board changes: Ms. Vinoda Chandappa Sherigar retired as Independent Director upon completion of her tenure and was appointed as Non-Executive Non-Independent Director. Mr. H Mohandas was appointed as Non-Executive Independent Director for five years, both appointments subject to shareholder approval. The auditor issued a qualified review report citing concerns about the company's ability to continue as a going concern due to losses over the years and majority of funds blocked in Non-Performing Assets.