Manipal Finance Corporation Ltd

Manipal Finance Corporation Ltd — Trading Window closed from 1 October 2026 until the announcement of the financial results for the quarter ended 30 September 2026; the window will open 48 hours after the announcement of results.

AGM Details

• Date and time: 25 September 2026 at 11:00 a.m.
• Mode: Physical at registered office; remote e-voting 22–24 Sep; on-site voting.
• Record date for voting: 18 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Balance Sheet and P&L ended 31 Mar 2026.
• Resolution 1 outcome: Passed; 100% in favour of votes polled.
• Resolution 2 (Ordinary): Reappoint Vinoda Chandappa Sherigar on rotation.
• Resolution 2 outcome: Passed; 100% in favour of votes polled.

AGM Details

• Date: 25 September 2026; concluded at 12:00 noon.
• Chairman: MD T Narayan M Pai presided over the meeting.
• Mode: e-voting used; physical mode not specified.
• Voting window: e-voting open for 15 minutes.

Resolutions & outcomes

• Adoption of audited accounts and reports; Passed with requisite majority.
• Reappointment of director retiring by rotation; Passed with requisite majority.

Other information

• Scrutinizer's report to be submitted within statutory period.

Book closure details

• Book-closure period: 19.09.2026 to 25.09.2026 inclusive.
• Purpose: for Annual General Meeting.
• Security: 83,80,961 equity shares of Rs 10.
• Total paid-up value: Rs 8.38 crore.

Overview & status

• NBFC operations limited to recovery of dues; lending halted since 2002.
• RBI cancelled NBFC registration; primary business now debt recovery.
• 43rd AGM scheduled Sept 25, 2026 with remote e-voting.

Financial performance

• Total income ₹1,985k; expenses ₹3,789k for year ended 31 March 2026.
• Profit before tax ₹1,859k; net loss carried forward ₹453,735k.
• Total comprehensive income ₹1,866k; EPS basic ₹0.22.
• Dividends not declared for FY2025-26.

Capital structure & liquidity

• Equity share capital ₹83,810k; Preference shares ₹29,500k.
• Borrowings ₹7,390k; subordinated liabilities ₹29,500k; other financial liabilities ₹6,786k.
• Net worth negative ₹74,905k.
• No fresh deposits; matured deposits transferred to IEPF; disputed ₹158k.
• CRAR and Tier ratios negative; liquidity constrained.

Cash flows

• Net cash from operations ₹2,029k; investing ₹31k; financing ₹-2,084k.
• End-year cash balance ₹85k; down from ₹110k.

Governance & controls

• Board of four directors; MD is executive; one woman director.
• Independent directors declared independence; board oversight ongoing.
• Auditors SRIRAMULU NAIDU & Co; qualified opinion; going-concern emphasis.
• Secretarial audit flagged past deposits default; IEPF transfers completed.
• 43rd AGM notice includes remote e-voting; Scrutinizer appointed.

Related party & compliance

• Related party transactions limited; KMP compensation ₹420k.
• Form AOC-2 and Annexures filed; no material non-arm's length deals.
• Sitting fees paid to independent directors.

Risks & outlook

• Going concern risk persists due to losses and NPAs; recoveries in progress.
• Regulatory risk from RBI; deposits matured; not renew; no new deposits.
• Outlook uncertain; management relies on debt recoveries.

Board actions

• Board approved unaudited Ind-AS results for the quarter ended June 30, 2026.
• 43rd AGM scheduled for September 25, 2026; book closure dates fixed.
• Draft Notice of 43rd AGM approved.
• Auditor's review notes going concern doubt due to NPAs; no audit opinion expressed.
• Note 7 cites NPAs; accounts prepared on going-concern basis.

Meeting Details

• Board meeting scheduled for 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited quarterly results for quarter ended 30 June 2026.
• Convene 43rd AGM on 25 September 2026 and approve the draft AGM notice.
• Book closure fixed from 19 September to 25 September 2026 for AGM.

Other Notes

• Trading window closure details are not disclosed in this filing.

Dematerialisation processing status

• Registrar confirmed processing of dematerialisation requests during the quarter (accepted/rejected) to the depositories.
• Securities dematerialised during the period have been listed on the stock exchanges where earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within the prescribed time.