Manipal Finance Declares Un-audited Results for Q1 FY27

Manipal Finance Corporation Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the convening of the 43rd Annual General Meeting on September 25, 2026, and set the book closure dates. The company's auditors, Srirumulu Naidu & Co., issued a qualified conclusion, drawing attention to Note 7 of the results. They noted that the company has incurred losses over the years and has a significant portion of its funds blocked in Non-Performing Assets, raising doubts about its ability to continue as a going concern. While accounts are prepared on a going concern basis based on management perception, the auditors cannot comment on the ultimate realisability of assets or the company's ability to settle liabilities.