IPO - Monroe Federal Bancorp, Inc.

Form Type: NT 10-K

Filing Date: 2025-07-01

Corporate Action: Ipo

Type: New

Accession Number: 000094337425000321

Filing Summary: Monroe Federal Bancorp, Inc. is notifying that it is unable to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2025 by the due date of June 30, 2025. This filing is crucial as it is the first Annual Report following the company's initial public offering in October 2024. The delay is primarily attributed to the need for additional time for the registrant and its independent registered public accounting firm to complete necessary pre-filing procedures. Monroe Federal Bancorp anticipates that the Form 10-K will be filed no later than the 15th calendar day following the original due date as allowed by Rule 12b-25. Furthermore, the company anticipates reporting a net loss of $326,640 for the fiscal year 2025, in contrast to a net income of $59,769 in fiscal year 2024. This expected loss is mainly due to increased provisions for credit losses and higher noninterest expenses.