Haryana Finanl. Corp

Haryana Financial Corporation’s board approved and recommended the voluntary delisting of its equity shares from BSE, subject to a special resolution by shareholders and in-principle approval from the exchange. It approved a registered valuer’s valuation of ₹9.55 per share based on the audited financial statements for the year ended March 2026, and cleared a postal-ballot notice after taking the due-diligence and share-capital audit reports on record. The State Government of Haryana and its promoter group held 20,63,38,200 shares, or 99.36% of HFC, and had proposed to acquire the 13,19,900 shares held by public shareholders. HFC’s total income was about ₹12.3 crore in FY26, with operating income accounting for ₹10.1 crore. It had not undertaken fresh lending since May 2010, while its latest quarter recorded no operating income and a net loss of ₹0.40 crore.

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The State Government of Haryana, a promoter of Haryana Financial Corporation, announced a voluntary offer to acquire up to 13,19,900 shares held by public shareholders, representing 0.64% of the company's equity and voting capital, and delist it from BSE. The exit price had not been specified and was to be determined under SEBI's delisting rules, subject to the applicable floor price. Completion remained conditional on approvals from HFC's board, public shareholders, BSE and other authorities. The promoters held 99.36% of HFC, while public shareholders held 0.64%, including just 99,000 shares in dematerialised form. HFC had stopped sanctioning loans in May 2010 and repaid its borrowings, and the State Government had appointed HSIIDC's managing director as nodal officer for its liquidation proceedings. For the year ended March 2026, the corporation reported net profit of ₹7.73 crore, revenue from operations of ₹10.10 crore and cash and bank balances of ₹33.22 crore.

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