Submission of unaudited financial results for the quarter and half year ended on 30th September, 2026

Manraj Housing Finance Ltd. To Date: 09 November, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai — 400 001 Scrip Code: 530537 Subject: Outcome of meeting of the Board of Directors held on 09 November, 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015 Ref: Submission of Un-audited Financial Results of the Company for the Quarter and Half Year ended on 30" September, 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure requirements) Regulation, 2015 Dear Sir, With reference to the subject cited, it is hereby informed you that the meeting of the Board of Directors of the Company has been held today i.e. on Monday, 09 November, 2026 commenced at 4:30 P.M. and concluded at 5:15 P.M. In this connection, we enclose herewith the following: 1. Considered and approved the Unaudited Financial Results for the Quarter and Half year ended 30th September, 2026 along with the Limited Review Report (“LRR”) of the statutory auditors thereon. A copy of the aforesaid financial results along with the Limited Review Report are attached herewith. The extracts of Un-audited Financial Results will be published in the Newspapers in terms of Regulation 47 (1) of the Listing Regulations, as amended from time to time. ‘We request you to kindly take note of the same and acknowledge receipt of the same. Thanking you. Yours Faithfully, For MANRAJ HOUSING FINANCE LIMITED Ishwarlal Jain Shankarlal Managing Director DIN: 00386348 Encl: As above nis, General Vaidya Chowk, Jalgaon - 425 002. Tel.: +91 - 257 - 2226681, 82, 83. azar, Jalgaon Tel.: +91 - 257 - 2226681 -83, Fax : +91 - 257 - 2226482 ail.com www.manrajhousing.com Kaushal K. Mundada RATAN CHANDAK & CO LLP M.Com., F.C.A., FAFD, BRSR (ACH - 8381) CHARTERED ACCOUNTANTS LIE:I)” . TPS No.ll, Final Plot No.224, Gandhi Nagar, Emni: kaushal@renco.net INDI A Ph. (0257) e660317 9, e-msail,: jaldgaaiosne@crnc nAco.0ne t INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF MANRAJ HOUSING FINANCE LIMITED We have reviewed the accompanying statement of unaudited standalone financial results of Manraj Housing Finance Limited (‘the Company’) for the quarter and half year ended Sept 30, 2026 (‘the Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘the Regulations’). This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ‘Interim Financial Reporting’ (‘Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India and in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standard on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. BASIS FOR ADVERSE OPINION We refer to the following matters: a) Advances to Related Parties and attached by ED Around 95% of the company's assets comprise advances, deposits, receivables, and other balances recoverable from related parties towards acquisition of properties and rights etc. These related parties are currently under investigation by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), and these assets along with the related assets of around 99% of the company's assets have been attached by the ED. This raises significant concerns about the recoverability and valuation of these advances. b) Related Party Liabilities Approximately 65% of the Company’s liabilities are in the form of unsecured loans from related parties, who has beneficial interest in the properties for which the aforementioned advances were given. The entanglement of these transactions and the related party’s financial interest creates significant uncertainty about the completeness and accuracy of the Company‘/s liabilities c) Default on Bank Borrowings "N AGPUR MUMBAI PUNE NASHIK ~ AHMADNAGAR CHH. SAMBHAJINAGAR ~ JALGAOM ' H.O.: ‘Godhuli’ Plot no 487, Near Lendra Park, Ramdaspeth, Nagpur - 440010 (M.S.), India Tel: 0712 - 2422933, 2425442 Visit us at www.rcnco.net Kaushal K. Mundada RATAN CHANDAK & CO LLP M (I. CC Ao ]m ., F.C.A., FAFD, BRSR (ACH - 8381) CHARTERED ACCOUNTANTS e )’0231 o TPS No.ll, Final Plot Np.224. Gandhi Nagar, Emai: kaushal@rcnco.net IND I A Ph. (0257) o66 031e79, e-msaeisl:i onj;a lJgeaioganc@sr,c nco.net . The Company has defaulted in repayment of borrowings availed from Jalgaon Peoples Co-Op. Bank Ltd., wherein an amount of Rs. 687.03 lakhs remained outstanding as on February 2020. Further the Jalgaon Peoples Co-Op. Bank Ltd. Has transferred these loan accounts to ASREC (India) Ltd., an Asset Reconstruction Company. Since then, interest on the outstanding balance has not been provided. According to the statement from ASREC (India) Ltd., to whom the bank has assigned this debt, there is uncharged interest amounting to Rs. 390.34 Lakhs and penal interest of Rs. 52.41 Lakhs for the period from 01/03/2020 to 31/03/2024, totaling Rs. 442.75 Lakhs. Further, uncharged interest for the period 01/04/2024 to 30/09/2026 works out to Rs. 346.12 lakhs. Consequently, the loss for the quarter is understated by Rs. 39.49 lakhs and for the half year understated by X 77.45 lakhs; and the liability for the loan payable are understated by Rs. 788.87 Lakhs. d) Recovery proceedings not disclosed ASREC (India) Ltd. has filed Original Application No. 167/2026 before the Debts Recovery Tribunal, Mumbai (DRT-2), against the Company and others for recovery of X1,187.66 lakh. The Tribunal has restrained the Company from dealing with or disposing of the secured and specified assets pending disposal of the application. The Statement does not disclose these proceedings, the amount claimed or the restraint, nor management's assessment of their effect, as required by Ind AS 37 'Provisions, Contingent Liabilities and Contingent Assets' and Ind AS 34. e) Uncertainty on the Company’s ability to continue as a going concern The Company has not carried out significant operational activities for more than three years and has incurred accumulated losses (net) amounting to Rs. 585.57 lakhs as at the balance sheet date, resulting in erosion of its net worth. Further, as referred to in paragraph (c) above, the Company has defaulted in repayment of its borrowings and has not provided interest on such borrowings. These conditions, along with other matters set forth herein, indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. Adverse Conclusion Based on our review, due to the significance of the matters described in the ‘Basis for Adverse Conclusion’ paragraph, the accompanying Statement, which is prepared in accordance with the rec [Showing first 8,000 characters — download PDF for full document]