Reliance Home Finance Limited — Board Meeting, 08-01-2025: Outcome of Board Meeting

Reliance Home Finance has announced a board meeting where the financial results for the quarter and half-year ended September 30, 2024, were reviewed and approved. The company reported total revenue from operations of ₹20.04 Cr for the half-year, with a net profit after tax of ₹26.78 Cr. The board meeting also discussed the ongoing implementation of a resolution plan, which includes a total resolution amount of ₹3,351 Cr, and the company reported a significant net loss during this process. The company is also moving towards voluntary liquidation and surrendering its housing finance license.