PNB Housing Finance (PNBHOUSING) — Announcement | StockFin

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📢 Key Event
Company declared fraud on Rs.421.81 Crore loan to Happy Home Corporation

🔄 What Changed
Fraud classification of previously written-off account

💡 Investor Takeaway
No financial impact on company's overall performance despite fraud classification

⚠️ Risks
Legal action being pursued

PNB Housing Finance disclosed a fraud involving M/s Happy Home Corporation with Rs.421.81 Crore sanctioned facilities between 2016-2021, now classified as fraud and written off in FY2022-23. The company confirmed no financial impact on overall operations and is pursuing legal action.

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About PNB Housing Finance Limited (PNBHOUSING)

Financial Services · Finance · Listed on NSE

Market Cap: ₹27,863.17 Cr P/E: 15.2

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🔥 Also filed on 20 July 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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